Crude Oil Falls to $118 a Barrel
Oil prices continued to plunge Tuesday, falling more than $3 in early trading to $118 a barrel as a tropical storm did minimal damage in the Gulf of Mexico and speculation that slower economic growth will curb demand, Bloomberg reported.
August 5, 2008FleetPride Acquires Truck & Trailer Supply
Heavy-duty truck and trailer parts aftermarket distributor FleetPride Inc. said it has acquired Truck & Trailer Supply, based in Roswell, N. Mex. Terms were not disclosed.
August 4, 2008Volvo Offers Bendix Air Disc Brakes on Heavy Trucks
Volvo Trucks North America said Monday it is now offering Bendix heavy-duty air disc brakes on Volvo VN and VT model trucks.
August 4, 2008Trailer Bridge Takes 2Q Loss, Appoints New Chairman
Trailer Bridge Inc. said Monday it took a loss in the second quarter and that it appointed a new chairman.
August 4, 2008DOT To Extend Mexican Truck Program for 2 Years
The Department of Transportation said Monday it plans to continue a program to allow Mexican trucks into the United States for two years — just days after a House Committee passed a measure to end the program next month.
August 4, 2008Iteris, Delphi to Team on Safety Technologies
Iteris Inc. and Delphi Corp. said Monday that Iteris has been named the exclusive distributor of Delphi’s forward collision warning system for the North American commercial vehicle market.
August 4, 2008Study Cites Alternative Fuels’ Role in Emissions Reduction
The University of Minnesota’s Center for Transportation Studies found the state’s greenhouse gas emissions reductions goal of 30% by 2025 to be feasible and said that alternative fuels, vehicle fuel efficiency and reducing vehicle miles traveled were central to reaching the goal, the Associated Press reported.
August 4, 2008C.H. Robinson Worldwide Acquires Canadian Forwarder
Transportation and third-party logistics firm C.H. Robinson Worldwide said Monday it has acquired Transera International Holdings Ltd., a project forwarding company based in Calgary, Alberta, Canada.
August 4, 2008Personal Spending Rises 0.6% in June; Prices Jump
Consumer personal spending rose 0.6% in June as prices soared, the Commerce Department said Monday.
August 4, 2008Oshkosh Reports Third-Quarter Loss
Specialty truck maker Oshkosh Truck Corp. reported a third-quarter loss of $84.3 million, or $1.14 a share, compared with earning $90.6 million, or $1.21, a year ago.
August 4, 2008