Navistar Drops Bid for GM’s Medium-Duty Truck Business
Navistar International Corp. said Wednesday it will not go through with its planned purchase of General Motors Corp.’s medium-duty truck business, citing “significant marketplace and economic changes.”
August 20, 2008Ohio Panel Holds Hearing on DHL-UPS Air Deal
About 200 people packed a legislative meeting in Ohio Tuesday to hear testimony on the potential impact of DHL’s plans to switch its domestic air cargo to UPS Inc., the Associated Press reported.
August 20, 2008Letters to the Editor: Reinvent Transport, Size & Weight Changes, Highway Fund
In today’s climate, we all should be looking for ways to optimize the use of our trucks — not just as a business unit but as a country.
August 20, 2008Peters Seeks Support of States, Companies for DOT Transport Plan
Transportation Secretary Mary Peters said the Bush administration’s plan to encourage more local and private involvement in transportation funding hinges on support from business leaders and state officials, Bloomberg reported Wednesday.
August 20, 2008Oil Pushes Past $116 as Gasoline Inventories Fall
Crude oil rose more than $1 Wednesday to top $116 a barrel, as gasoline inventories declined last week, Bloomberg reported.
August 20, 2008FMCSA to Send Hours, EOBR Rules to Peters for Review
The Federal Motor Carrier Safety Administration is preparing to send several proposed rules, including regulations governing driver hours-of-service and electronic onboard recorders, to Transportation Secretary Mary Peters for review.
August 20, 2008Teamsters Seeking Help from Interstate Bakeries’ Creditors
The Teamsters union, which represents 9,500 employees of bankrupt Interstate Bakeries Corp., said hopes for the company’s successful emergence from bankruptcy were dimming, the Kansas City Star reported.
August 20, 2008Goodyear to Close 92 U.S. Retail Outlets
Goodyear Tire & Rubber Co. plans to close 92 retail stores with about 500 full-time workers by the end of the year because of their lack of profitability, Bloomberg reported.
August 20, 2008YRC Completes Deal to Buy Chinese LTL Firm
Less-than-truckload carrier YRC Worldwide said Tuesday it closed a previously announced deal to buy Chinese LTL firm Shanghai Jiayu Logistics.
August 19, 2008Housing Starts Fall to 17-Year Low
New home construction fell to a 17-year low in July, the Commerce Department said Tuesday.
August 19, 2008