Volvo Group's Lundstedt Reorganizes Company
Approximately 100 days into his tenure as CEO of Volvo Group, Martin Lundstedt announced changes in the Sweden-based manufacturer that emphasize brand names over market geography.
January 27, 2016Trucking Companies Rally to Provide Water to Flint Residents
Several trucking companies and large retailers on Jan. 26 announced plans to donate and truck in tens of thousands of bottles of water for residents and schoolchildren of Flint, Michigan, to assist the community that is experiencing a drinking water crisis.
January 27, 2016Federal Data: 2015 on Pace to Be Most Heavily Traveled Year
Americans drove about 2.88 trillion miles by the end of November 2015, according to data from the Federal Highway Administration. The figure signals the strong possibility that last year likely will be the most traveled year in the country’s history.
January 27, 2016Drivers Form Human Chain to Rescue Trucker Dangling Over Embankment
When a tractor-trailer traveling the Pennsylvania Turnpike 20 miles east of Bedford lost control and went partially over an embankment Jan. 22 during the historic winter blizzard, drivers stopped to help by forming a human chain and pulling the trucker to safety.
January 27, 2016FedEx Announces New Buyback of 25 Million Shares
FedEx Corp.'s board authorized a new program to buy back up to 25 million shares of common stock, the package shipping company said Jan. 26.
January 27, 2016Cummins Filtration Opens New Headquarters in Nashville
The filtration division of Cummins Inc. moved its headquarters within the Nashville, Tennessee, metropolitan area, the company said Jan. 26.
January 27, 2016Strong Online Shopping Offers Blessings, Curses for Covenant Transportation
Covenant Transportation is poised to grab a share of the growing e-commerce market, which delivered a mixed bag of blessings and curses during the Christmas holiday rush, the Chattanooga, Tennessee, trucking company said Jan. 26.
January 27, 2016Oil Resumes Decline as US Stockpile Surge Worsens Global Glut
Oil resumed its decline after U.S. industry data showed crude stockpiles increased, exacerbating a global glut.
January 27, 2016Sales of New Homes Surge in December to 10-Month High
Purchases of new homes in the United States surged in December to the highest level in 10 months, closing out the best year for housing since 2007.
January 27, 2016FedEx Tax-Break Deal Wins Final Approval From Board in Collierville, Tenn.
FedEx Corp. asked Collierville, Tennessee, for a 20-year tax break in exchange for keeping its big information technology center in the town, and on Jan. 25 the board of mayor and aldermen complied.
January 27, 2016