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Technology Briefs — October 3 - October 9

Honda Develops New Clean Diesel Engine • Use of Wireless Technology on the Rise in Service and Utility Fleets • Gulf Hydrocarbon Opens 24/7 Biodiesel Wholesale Pump in Indiana

October 2, 2006

Consumer Sentiment Index Rises in September

The University of Michigan said on Friday its index of consumer sentiment rose to 85.4 in September from 82 in August, its highest level in five months.

September 29, 2006

Liberate Technologies Offers to Buy USA Truck for $21 a Share

Liberate Technologies late Thursday offered to purchase truckload carrier USA Truck for $21 a share.

September 29, 2006

Personal Spending Gains Slightly in August

Consumer personal spending rose 0.1% in August, while an inflation gain preferred by the Federal Reserve posted its highest gain since 1995, the Commerce Department said Friday.

September 29, 2006

Velocity Express Posts Net Loss for Fourth Quarter, Year

Package-delivery and supply chain management firm Velocity Express said Friday it lost $6.4 million or 44 cents a share in its fiscal fourth quarter ended July 1, compared with a loss of $21.3 million or $1.88 a year ago.

September 29, 2006

Delphi Reports Net Loss of $533 Million in August

Bankrupt auto parts supplier Delphi Corp. posted a net loss of $533 million in August, Bloomberg reported Friday.

September 29, 2006

Swift Lowers Third-Quarter Earnings Guidance

Truckload carrier Swift Transportation Co. on Friday lowered its third-quarter earnings guidance, saying it now expects to earn between 38 cents a share and 42 cents a share.

September 29, 2006

Chicago Manufacturing Index Unexpectedly Gains in September

The National Association of Purchasing Management-Chicago’s manufacturing index expanded unexpectedly in September, Bloomberg said Friday.

September 29, 2006

ATA Urges Single Background, Credential Checks for TWIC Program

The Transport Workers Identification Credential program should require a single background check and a single credential check, a trucking official told Congress on behalf of American Trucking Associations.

September 28, 2006

Second-Quarter GDP Expands at 2.6% Rate

The U.S. economy grew at a revised 2.6% annual rate in the second quarter, down from the preliminary 2.9% gain reported in August, the Commerce Department said Thursday.

September 28, 2006