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Volvo to Focus on Parts Production With Nissan
Volvo AB said it is focusing more on building components with Nissan Diesel Motor Co., in which it owns a 13% stake, than entire trucks, Bloomberg reported Tuesday.
July 11, 2006Agricultural Company Forms Private Fleet
N-Viro International Corp. said Tuesday it has formed a private-fleet subsidiary to transport lime and other byproducts.
July 11, 2006J.B. Hunt Boosts Company-Driver Pay
Truckload carrier J.B. Hunt Transport Services raised its driver pay scales for truckers holding commercial driver’s licenses as of Monday, the National Transportation Institute said.
July 11, 2006Quality Files to Sell Six Million Shares of Stock
Tank carrier Quality Distribution said late Monday that it will file with the Securities and Exchange Commission to allow it to sell up to six million shares of its stock.
July 11, 2006Paccar Declares 3-for-2 Stock Split
Paccar Inc. said Tuesday it would undertake a 3-for-2 stock split Aug. 10, for shareholders of record as of July 27.
July 11, 2006Diesel to Average $2.86 This Summer, DOE Predicts
Retail diesel fuel prices will average $2.86 per gallon — 45 cents higher than last year, the Department of Energy said Tuesday.
July 11, 2006Wholesale Inventories Rise in May
U.S. wholesale inventories rose 0.8% in May, the Commerce Department said Monday.
July 10, 2006Mineta to Join PR Firm Hill & Knowlton
Norman Mineta, who left the Department of Transportation as secretary last week, will join public relations firm Hill & Knowlton in Washington, D.C., as vice chairman, effective July 24, the firm said Monday.
July 10, 2006Gasoline Reaches $3 a Gallon, Lundberg Reports
Gasoline prices jumped 10.7 cents in the past two weeks, reaching $3 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
July 10, 2006Oil Makers Introduce Redesigned Products For ’07 Engines
Manufacturers of heavy-duty diesel engine oils said they have introduced — or plan to soon introduce — reformulated lubricants designed to meet the requirements of 2007 truck engines. And like just about everything else associated with meeting the government’s tightened emission standards, the new oils will cost more.
July 10, 2006