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Technology Briefs - March 29 - April 4
TransCore Upgrades Driver, Web Products • XM Reports 68% 1Q Rise in Subscribers • Verizon to Offer Fleet Systems to Small, Medium Companies • Comdata Teams With Rair on Driver Logs • And more...
April 4, 2005Cat, Cummins Bid to Hold Engine Market
LOUISVILLE, Ky. — Rival independent heavy-duty engine makers Caterpillar Inc. and Cummins Inc. said last week they would continue to win sales, despite plans by some truck makers to increasingly use their own engines.
April 4, 2005Volvo, UAW Ratify Agreement for Virginia Truck Plant
Volvo Trucks North America said Saturday that its employees represented by the United Auto Workers ratified new three-year labor agreements covering about 2,800 UAW members at its New River Valley manufacturing plant in Dublin, Va.
April 4, 2005Engine Makers Group Files Lawsuit Against CARB
The Engine Manufacturers Association said it filed a lawsuit against the California Air Resources Board, seeking to overturn the agency’s requirement that engine manufacturers upgrade emission-reduction software on many trucks operating in the state.
April 4, 2005N.Y. State to Hold Hearings on Toll Hikes
The New York Thruway Authority plans to begin public hearings Monday on a proposal to raise fees on the nation's longest toll road for the first time in 17 years, the Associated Press reported.
April 4, 2005Crude Oil Tops $58 a Barrel
Oil prices reached a record $58.28 high in intraday trading Monday before receding to close at $57.01, Bloomberg reported.
April 4, 2005Clarke Reports Fourth-Quarter, Annual Profit
Canadian holding company Clarke Inc. reported fourth-quarter earnings of about $430,000 or 7 cents a share, compared with a loss of $2.8 million or 40 cents a year earlier.
April 4, 2005Power2Ship Buys CXT
Power2Ship Inc., a technology company that provides supply-chain tracking and logistics information to trucking companies, said it purchased truckload carrier Commodity Express Transportation for an undisclosed sum.
April 4, 2005ISM Factory Index Falls to 55.2 in March
The Institute for Supply Management said Friday that its factory index slipped to 55.2 in March, down from 55.3 in February, though the sector continued to expand.
April 1, 2005Michigan Consumer Sentiment Index Drops
The University of Michigan’s final consumer sentiment index for March fell to 92.6, the lowest since October, following a 94.1 reading in February.
April 1, 2005