Business

Great Dane Trailers said Wednesday it has acquired Johnson Refrigerated Truck Bodies, which makes insulated fiberglass refrigerated truck bodies. Terms were not released.

Tank and bulk carrier Patriot Transportation Holding’s fiscal first-quarter net income fell 23.5% to $1.34 million, or 43 cents per share, from $1.7 million, or 56 cents, a year ago.

The U.S. economy’s service sector improved in January for the first time in three months, the Institute for Supply Management said Wednesday.

Transportation and third-party logistics firm C.H. Robinson Worldwide reported a fourth-quarter profit of $87.7 million, or 52 cents a share, down slightly from $88.9 million, or 52 cents a share, a year ago.

The Department of Transportation would get an additional $2 billion next year if Congress approves the budget proposal made by President Obama on Monday.

The Obama Administration is asking Congress to approve a nearly $10 billion Environmental Protection Agency budget that would shift $20 million in California truck diesel emissions retrofit grant funding to a nationwide diesel emissions reduction program that also includes funding for rail and marine diesel emissions reduction projects.

The Securities and Exchange Commission for the first time has voted to provide public companies with guidance on disclosing business or legal risk related to climate change.

Truck components maker ArvinMeritor Inc. said Tuesday its fiscal first-quarter was break-even, compared with loss of $961 million, or $13.29 a share, a year ago, which included $856 million in write-downs.