Volvo Transmission Work Moving to U.S. Factory
KOPING, Sweden — The Volvo Group said it is moving ahead with a plan to shift the assembly of its I-shift automated mechanical transmission from its factory here to the United States and Brazil for trucks that its subsidiaries build in North and South America.
November 14, 2011VW Completes Acquisition of Rival MAN; Seeks to Be Key Player in Global Market
Vehicle manufacturer Volkswagen AG said last week that it completed the purchase of a majority stake of fellow German truck producer MAN SE, opening the way to becoming “a new top player on the global truck market.”
November 14, 2011Fifteen More Mexican Haulers Seek Authority to Deliver in U.S. Under Pilot Program
Fifteen Mexican trucking companies have applied for operating authority to make deliveries in the United States under the cross-border pilot program, the Federal Motor Carrier Safety Administration said last week.
November 14, 2011House Bill on Tax Breaks for Natural Gas Gains Supporters for Senate Version
Truckers who purchase vehicles powered by natural gas could reap federal tax credits of up to $64,000 a truck under a bill already introduced in the U.S. House of Representatives and expected to be introduced soon in the Senate.
November 14, 2011YRC Net Loss Jumps 26%; CEO Welch Cites ‘Progress’
YRC Worldwide Inc.’s third-quarter operating loss jumped 26% to $23.7 million from $18.8 million a year earlier because of higher expenses.
November 14, 2011Diesel Declines for First Time in Three Weeks
U.S. retail diesel prices slipped 0.5 cent to $3.887 a gallon last week, the Department of Energy reported, halting a string of three weekly increases.
November 14, 2011TTNews.com Closed Friday for Veterans Day
Transport Topics Online will be closed Friday for the Veterans Day holiday. Please check back on Monday, Nov. 14, for the latest trucking and freight transportation news.
November 10, 2011Intermodal Traffic Rises 3.5% for Week
U.S. intermodal traffic rose 3.5% for the week ended Saturday from a year ago, the Association of American Railroads reported.
November 10, 2011Calif. Group Files Suit Over Trucking Greenhouse-Gas Rules
A California group representing businesses has filed a federal lawsuit challenging the federal government’s greenhouse emissions regulations for medium- and heavy-duty trucks.
November 10, 2011Equity Firm Buys Aftermarket Distributor TruckPro
Private equity firm Harvest Partners said it completed its acquisition of aftermarket heavy-duty truck parts distributor TruckPro Inc.
November 10, 2011