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Sluggish ’07 Sales Push Prices Down

Despite discounts and incentives on new trucks that have narrowed the price gap between them and previous versions, dealers say that few of the models with 2007 engines are selling.

July 2, 2007

FMCSA Extends Mexican Trucks Comment Period

The Federal Motor Carrier Safety Administration said Friday it is extending the public comment period for its June 8 Federal Register notice concerning the cross-border trucking demonstration program through Monday, July 9.

June 29, 2007

DHL Buys Stake in Polar Air

Package delivery firm DHL said Thursday it acquired a 49% stake Polar Air Cargo Express, a unit of Atlas Air Worldwide Holdings, to expand its business in the Asia-Pacific region.

June 28, 2007

Oil Tops $70 a Barrel

Oil futures moved briefly past $70 a barrel on Thursday for the first time since September before receding, after an Energy Department report showed that gasoline and distillate fuel inventories declined last week, Bloomberg reported.

June 28, 2007

FedEx Expands China Service

FedEx Express said Thursday it has made its next-business-day service available to customers throughout China.

June 28, 2007

Jobless Claims Fall by 13,000 for Week

Initial jobless claims fell by 13,000 last week to 313,000, the Labor Department said Thursday.

June 28, 2007

First-Quarter GDP Revised Up to 0.7%

The U.S. economy grew by 0.7% in the first quarter, the slowest growth in four years, the Commerce Department said Thursday.

June 28, 2007

Con-way Lowers ’07 Guidance

Con-way Inc. said Thursday it was lowering its earnings guidance for 2007 to include costs for a vehicular casualty claim.

June 28, 2007

GM to Sell Allison Transmission Unit

General Motors Corp. said Thursday it will sell its Allison Transmission commercial and military business to two private firms for $5.6 billion.

June 28, 2007

Fed Again Holds Interest Rate at 5.25%

For the eight straight time, the Federal Reserve on Thursday voted to keep the benchmark U.S. interest rate at 5.25%.

June 28, 2007