Scania, the Swedish heavy truck builder, has reported profits of $317 million through first nine months of this year, a 22% increase over the same period in 1997.

The world’s largest truck builder, Daimler-Benz is continuing on a record pace for sales and profits this year.

Volvo Truck Corp. agreed to pay a fine of $5 million and fund $9 million in environmental projects to settle claims by the Environmental Protection Agency that it violated clean-air rules only because the cost of challenging the federal agency in court would have been too expensive.

Germany's new "red-green" coalition government has announced that it will raise diesel fuel taxes by the equivalent of 14 cents, bringing the total take to roughly $1.61 per gallon.

IBM sold its 40% shareholding in Hi-Tech Logistics Ltd. to the Britain-based international transport and logistics firm Tibbett & Britten.

European Union truck drivers will be limited to a 48-hour work week if a proposal now being drafted by the European Commission in Brussels becomes law.

Volvo Truck Corp. has temporarily stopped production of heavy trucks at its Curitiba, Brazil truck plant because of concerns the global economic crisis may visit Latin America’s biggest economy next.

Volvo Truck Corp. has temporarily stopped production of heavy trucks at its Curitiba, Brazil truck plant because of concerns the global economic crisis may visit Latin America’s biggest economy next.

European Union truck drivers will be limited to a 48-hour work week if a proposal now being drafted by the European Commission in Brussels becomes law.

European truck drivers will be limited to a 48-hour work week if a proposal now being drafted by the European Union Commission in Brussels becomes law.