ArvinMeritor to Spin Off Auto Unit, Focus on Trucks
Auto and truck component maker ArvinMeritor Inc. said Tuesday it will spin off its automobile business unit to its shareholders and focus on supplying parts for commercial trucks.
May 6, 2008Deutsche Post Names New U.S. DHL Chief
Deutsche Post said Tuesday it has appointed Ken Allen to lead its DHL Express unit in the United States, Bloomberg reported.
May 6, 2008Oil Soars Past $122; Regulators Considering More Oversight
With oil soaring to new records — crude surged past $122 a barrel on Tuesday for the first time — federal regulators are considering stricter regulation of the oil industry, the Wall Street Journal reported Tuesday.
May 6, 2008Mullen’s 1Q Income Declines; Truck Segment Improves
Canadian transportation firm Mullen Group Income Fund’s first-quarter profit fell but its trucking and logistics unit’s performance improved, the company said late Monday.
May 6, 2008Diesel Falls 2.8¢ to $4.149; Gasoline, Oil Reach Records
The national average price of diesel fuel fell for the first time in a month, declining 2.8 cents to $4.149 a gallon, the Energy Department said Monday.
May 6, 2008FedEx Expands Truckload Brokerage to Canada
FedEx Truckload Brokerage has expanded its coverage to many parts of Canada, the company said Monday.
May 5, 2008Senators Want EPA to Waive Future Ethanol Mandates
A group of Senate Republicans want the Environmental Protection Agency to consider waiving ethanol production mandates, amid rising food prices, the Associated Press reported Monday.
May 5, 2008ISM Services Index Expands
The U.S. economy’s service showed expansion last month, the Institute for Supply Management said Monday.
May 5, 2008Pilgrim’s Pride Reports Fiscal 2Q Loss
Pilgrim’s Pride Corp., the world’s biggest poultry processor, said Monday it lost $111.4 million, or $1.67 per share, in its fiscal second quarter, compared with a loss of $40.1 million, or 60 cents, a year ago.
May 5, 2008Auto Industry Seeks States’ Support on Emissions Rules
The automobile industry is focusing on state lawmakers in an effort to head off any plans to regulate greenhouse-gas emissions similarly to California, the Wall Street Journal reported Monday.
May 5, 2008