Daimler Sheds Chrysler Brand, Renames N. American Division
Daimler AG marked the end of its nine-year marriage to Chrysler, dropping the U.S. automaker from its corporate name and renaming Freightliner LLC, its U.S. truck-building subsidiary, Daimler Trucks North America LLC.
October 15, 2007U.S. Retail Diesel Average Dips 1.3¢
The average retail price of diesel fuel fell 1.3 cents last week to $3.035 a gallon, the first decline after five straight increases, the Department of Energy said.
October 15, 2007J.B. Hunt’s Third-Quarter Income Slips
Truckload carrier J.B. Hunt Transport Services said late Thursday its third-quarter profit fell 12%, due to higher expenses and lower trucking revenue.
October 12, 2007Pennsylvania Set to Toll I-80
Pennsylvania officials are set to sign lease by Monday to convert Interstate 80 into a toll road, the Pittsburgh Post-Gazette reported Friday.
October 12, 2007U.S. Xpress Execs Complete Share Purchase
Executives of U.S. Xpress Enterprises said Friday they completed their planned purchase of the truckload carrier, for $20.10 per share.
October 12, 2007Retail Sales Rise 0.6% in September
Retail sales rose 0.6% in September, the Commerce Department said Friday.
October 12, 2007Consumer Confidence Dips in October
Consumer confidence declined this month, according to a preliminary monthly report by the University of Michigan, released Friday.
October 12, 2007Business Inventories Edge Up 0.1%
Business inventories rose just 0.1% in August, while sales fell 0.4%, the Commerce Department said Friday.
October 12, 2007Rail, Intermodal Traffic Drop for Week
Rail and intermodal traffic continued declined for the week ended Saturday from a year ago, the Association of American Railroads said Thursday.
October 11, 2007Chrysler, UAW Settle After Brief Strike
Chrysler LLC and the United Auto Workers union ended a brief strike after agreeing on a contract similar to one signed recently between the UAW and General Motors Corp., Bloomberg reported.
October 11, 2007