Review of UPS’ Acquisition of TNT Extended Into November
UPS Inc. said Tuesday that European antitrust review of its planned $6 billion-plus acquisition of Dutch package firm TNT Express will extend by two months, into early November.
August 22, 2012July Medium-Duty Truck Sales Rise 15.8%
U.S. retail medium-duty truck sales totaled 12,483 vehicles in July, a 15.8% improvement over the 10,779 sold a year earlier, WardsAuto.com reported.
August 22, 2012Thermo King Previews ‘Precedent’ Units
BLOOMINGTON, Minn. — Thermo King said it will offer a new line of trailer transport refrigeration units in January that took $60 million and three years to develop.
August 22, 2012Existing Home Sales Rise in July
Existing home sales increased 2.3% in July, climbing from an eight-month low, the National Association of Realtors said Wednesday.
August 22, 2012Cadec Names Pete Allen CEO
Fleet management technology provider Cadec Global Inc. announced that Pete Allen has joined the company as its new CEO.
August 22, 2012Visteon Corp. CEO Stebbins Resigns
Don Stebbins, CEO of vehicle components maker Visteon Corp., announced his resignation from the company, which has been the subject of takeover speculation, Bloomberg reported.
August 22, 2012Truck Tonnage Rises 4.1% in July
Truck tonnage increased 4.1 % in July from a year ago, American Trucking Associations said.
August 21, 2012Diesel Tops $4 for First Time Since May; Gasoline Rises 2.3¢ to $3.744 a Gallon
Diesel rose 6.1 cents to $4.026 a gallon, its seventh straight increase and the first time it has topped $4 in three months, the Department of Energy reported.
August 21, 2012DOT Helps Launch Road Test of Crash-Avoidance Technology System
The Department of Transportation Tuesday helped launch a road test of new technology system designed to help avoid crashes.
August 21, 2012N.Y. Thruway Toll Increase Could Have ‘Damaging Effects,’ State Official Says
A proposed 45% increase in truck tolls on the New York State Thruway could have “damaging effects” on consumers and businesses struggling to recover from the recession, New York State Comptroller Thomas DiNapoli said.
August 21, 2012