Kraft to Phase Out Truck Fleet
Kraft Foods Group will phase out its fleet of 200 tractors and 700 trailers by the end of 2014, a company spokeswoman said.
April 29, 2014Foxx Sends Four-Year Transportation Bill to Congress
Transportation Secretary Anthony Foxx sent Congress a four-year transportation bill that relies on business tax reforms as a way to boost funds for a federal highway account that is quickly running out of money.
April 29, 2014Paccar’s 1Q Profit Improves as Truck Sales Rise
Original equipment manufacturer Paccar Inc. reported its first-quarter earnings rose on higher truck sales.
April 29, 2014Cummins’ 1Q Income Gains as North America Sales Jump 25%
Engine maker Cummins Inc. said April 29 its first-quarter profit improved on higher North American sales.
April 29, 2014Eaton’s First-Quarter Incomes Improves
Vehicle component maker Eaton Corp. said its first-quarter net income rose to $441 million, or 92 cents a share, from $380 million, or 79 cents, a year earlier.
April 29, 2014Allison’s Income Nearly Doubles
Allison Transmission Holdings reported its first-quarter net income nearly doubled on stronger conditions in the trucking industry.
April 29, 2014Wabash National’s 1Q Earnings Rise 27%
Trailer maker Wabash National Corp. reported its first-quarter net income jumped 27% as demand for new trailers strengthened.
April 29, 2014Diesel Rises 0.4¢ to $3.975 a Gallon; Gasoline Gains for 12th Straight Week
Diesel rose 0.4 cent to $3.975 a gallon, its second weekly increase following five declines, and gasoline rose for a 12th straight week, the Department of Energy reported April 28.
April 29, 2014March Trailer Orders Surge 71.6%
Strong demand for new trailers continued in March as order activity surged 71.6% from the same month a year ago, ACT Research reported.
April 29, 2014Consumer Confidence Dips in April
Consumer confidence declined in April, the New York-based Conference Board said.
April 29, 2014