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ArvinMeritor’s Kline Elected Chairman of HDMA
Dennis Kline, vice president of worldwide truck sales and marketing for Arvin Meritor Commercial Vehicle Systems, was elected 2007 chairman of the Heavy Duty Manufacturers Association at the group’s Nov. 8 meeting.
November 17, 2006Oil Falls $3.69 for Week to 17-Month Low
Crude oil futures fell to a 17-month low on the New York Mercantile Exchange as traders speculated that the Organization of Petroleum Exporting Countries would fully follow through with promised production cuts, Bloomberg reported Friday.
November 17, 2006Uremovich to Succeed Orris as CEO of Pacer
Transportation and third-party logistics firm Pacer International on Thursday named Michael Uremovich to succeed founder Don Orris as chief executive officer.
November 16, 2006Philadelphia Manufacturing Growth Slows in November
Manufacturing growth in the Philadelphia area expanded in November, the Federal Reserve Bank of Philadelphia said Thursday.
November 16, 2006MAN Gives Scania Shareholders Until Dec. 11 to Accept Buyout Offer
MAN AG has set a deadline for Scania shareholders to accept the German truck maker’s hostile takeover bid for its Swedish rival, giving investors until Dec. 11 to tender their shares, Bloomberg reported Thursday.
November 16, 2006Industrial Production Rises 0.2% in October
U.S. industrial production rose 0.2% in October, the Federal Reserve said Thursday.
November 16, 2006Consumer Price Index Falls 0.5% in October; Core Gains 0.1%
U.S. consumer prices in October fell 0.5%, matching a drop in September that was the highest since November 2005, the Labor Department reported Thursday.
November 16, 2006Initial Jobless Claims Fall 2,000 For Week
First-time U.S. jobless claims fell 2,000 last week to 308,000, the Labor Department said Thursday.
November 16, 2006Postal Service’s Net Income Falls in Fiscal 2006
Increased fuel and labor costs drove the U.S. Postal Service's net income down to $900 million in its fiscal year ended Sept. 30.
November 16, 2006EPA, SBA Offer SmartWay Upgrade Kit Loans for Small Trucking Companies
The Environmental Protection Agency has partnered with the Small Business Administration to offer loans to small trucking companies to help pay for the agency’s fuel-saving SmartWay Upgrade kits.
November 16, 2006