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U.S. Bank to Acquire Schneider’s Payment Unit
U.S. Bank will purchase truckload carrier Schneider National’s payment services unit, the two companies said Wednesday. Terms were not disclosed.
June 21, 2006Goodyear to Exit Segments of Private-Label Tire Business
Goodyear Tire & Rubber Co. said Wednesday it is withdrawing from certain segments of its private-label tire business in North America.
June 21, 2006EPA Unveils Diesel Hybrid Developed With Trucking Firms
The Environmental Protection Agency Wednesday unveiled what it said was the first-ever series hydraulic hybrid diesel delivery vehicle, developed with several trucking firms and the U.S. Army.
June 21, 2006Universal Express Completes Global Trucking Deal
Transportation and logistics firm Universal Express said Wednesday it completed acquiring a 60% interest in Global Trucking, based in Miami, in a deal worth $900,000.
June 21, 2006Court Gives Delphi Until February to File Reorganization
A bankruptcy judge has given Delphi Corp. an extra six months — through Feb. 1 — to file a reorganization plan, keeping the company in line to bankruptcy court protection next year, Bloomberg reported.
June 20, 2006Overseas Shipping Rates Decline; SoCal Ports’ Traffic Strong
Worldwide international shipping rates are dropping as overall demand dips and more big ships come on line, but traffic into the busy ports in southern California is projected to continue rising this year, the Los Angeles Times reported.
June 20, 2006Western Peterbilt Names Frank Anglin Its New CEO
Western Peterbilt, the largest operator of heavy-duty truck dealerships in the Pacific Northwest, said late Monday it named Frank Anglin its chief executive officer.
June 20, 2006New Housing Starts Rise 5% in May
U.S. new housing starts jumped 5% in May, rebounding from a 13-month low, the Commerce Department reported Tuesday.
June 20, 2006May Class 8 Truck Sales Jump 20%
Heavy-duty truck manufacturers had their second-busiest month ever in May, selling 25,149 Class 8 vehicles, a 20% jump from a year ago.
June 20, 2006N.C. Motor Fuel Tax to Remain Near 30 Cents for Rest of Year
North Carolina’s tax on motor fuels will remain at a record level of nearly 30 cents a gallon through the end of the year and will not change July 1 because average wholesale prices have remained static, the Associated Press reported.
June 20, 2006