Daimler’s Earnings to Rise on Growth in Russia, China
Freightliner to Cut Work Force at N.C. Plant
Freightliner Trucks plans to lay off about 1,500 workers at a North Carolina truck plant, the Charlotte Observer reported.
April 9, 2008Trust Fund May Face Deficit, Former DOT Official Says
The main funding vehicle for the U.S. highway infrastructure will be exhausted by next year, according to a transportation expert, the Wall Street Journal reported Wednesday.
April 9, 2008Jevic to Close Ohio Terminal
Jevic Transportation said it plans to close a facility in West Chester Township, Ohio, in June, the Hamilton (Ohio) News-Journal reported.
April 9, 2008Fed Minutes Cite Concern Over Economic Contraction
Federal Reserve officials anticipated that the U.S. economy will shrink in the first half of the year, while noting concerns about a possible “prolonged and severe economic downturn,” when they cut interest rates last month, according to the minutes of the meeting released Tuesday.
April 8, 2008DOE Again Boosts Diesel, Gasoline Price Forecast
The Department of Energy again sharply boosted its projection for both diesel and gasoline prices, saying diesel will average $3.90 a gallon this month, while gas will peak at $3.60 this spring but could top $4 this summer.
April 8, 2008Cummins Begins Production at Chinese Fuel Systems Plant
Diesel engine maker Cummins Inc. said Tuesday it opened its first fuel systems manufacturing site outside of North America, the Cummins Fuel Systems Wuhan plant, in China.
April 8, 2008Clean Diesel Technologies Sets Agreement with Chinese Firm
Clean Diesel Technologies said Tuesday it has licensed its wire mesh filter technology to Headway Machinery Co. Ltd., the largest commercial diesel engine exhaust company in China.
April 8, 2008Study Aims to Find Best Ways to Remove Snow From Trucks
The American Transportation Research Institute has initiated a study of the costs and benefits of removing snow and ice from the tops of tractor-trailers.
April 8, 2008U.S. Automakers Planning More Exports, Journal Says
U.S. automakers have set goals of exporting more American cars, following new labor agreements and a weaker U.S. dollar, the Wall Street Journal reported Tuesday.
April 8, 2008