S&P Downgrades Navistar’s Credit Rating
Standard & Poor’s Rating Services has downgraded Navistar International Corp.’s long-term credit rating, voicing “increased skepticism” toward the truck and engine maker’s efforts to rebuild market share, but two other credit rating firms stood pat with their current assessments.
October 10, 2013Columbus Trucking Firm Files Lawsuit Against Pilot Flying J
Trucking company FST Express is the latest to file a lawsuit against Pilot Flying J, saying it lost more than $75,000 in a fuel-rebate scheme, the Cleveland Plain Dealer reported.
October 9, 2013Navistar Says Sept. Classes 6-8 Orders Were Highest Since 2011
Navistar Inc. received about 5,900 orders for Classes 6-8 trucks in September, the highest monthly number since 2011, it said in an Oct. 8 statement.
October 9, 2013AMP Americas Strikes Deal to Convert Two Dairy Fleets to CNG
AMP Americas has struck a deal with two dairy cooperatives to convert their fleets to compressed natural gas-powered trucks.
October 9, 2013Ritchie Bros. CEO to Step Down in May
Ritchie Bros. Auctioneers said CEO Peter Blake will step down in May during the company’s annual meeting. A successor has not been named.
October 9, 2013IMF Cuts Global Growth Forecast Amid Uncertainty in U.S.
The International Monetary Fund cut its global outlook for this year and next, warning that a U.S. government default could seriously damage the world economy, Bloomberg News reported.
October 9, 2013Federal Officers May Open In-Transit Packages Under PHMSA Rule
The Pipeline and Hazardous Materials Safety Administration has issued a rule reaffirming that agency inspectors have the right to open in-transit packages that they suspect do not comply with hazmat regulations or present a potential safety hazard.
October 8, 2013Montana Truck Inspectors to Get Guns
The Montana Department of Transportation has authorized issuing guns to some commercial vehicle inspectors, a decision that has drawn opposition from the state’s trucking industry.
October 8, 2013XRS Starts Selling Dedicated Mobile Telematics Device
XRS Corp. said it has started selling the NXT, a mobile trucking telematics tablet that uses the company’s software, a tablet from Samsung Telecommunications America and Verizon Wireless’ 4G data network.
October 8, 2013UPS to Boost Natural Gas Operations; Company Will Open 9 New LNG Stations
UPS Inc. said it will invest $50 million to build nine new liquefied natural gas fueling stations, bringing the total number of its stations to 13.
October 8, 2013