Business

Truck and auto parts maker Eaton Corp. said Tuesday it named Curt Hutchins president and vice president of its heavy-duty transmission unit, effective April 1.

The top 91 Canada-based for-hire motor carriers that earn at least C$25 million annually generated operating revenue of C$2.4 billion and expenses of C$2.3 billion in the fourth quarter, with both figures rising less than 1% from the previous quarter, Statistics Canada reported.

Following six straight weekly increases, the average national price of retail diesel fuel dipped 0.4 cent to $2.681 a gallon, the Department of Energy reported Monday.

Truck maker Volvo AB said its sales for the first two months of the year fell 13%, as U.S. deliveries plunged following new emissions standards that boosted truck prices, Bloomberg reported Tuesday.

Truck and engine maker Navistar International Corp. said Tuesday it saw signs of strength in non-traditional and overseas vehicle markets, despite a 6% downturn in Class 6-8 North American truck and bus shipments in its fiscal first quarter.

New housing starts jumped 9% in February, following a slump in January, the Commerce Department reported Tuesday.

US 1 Industries’ fourth-quarter income was $1.4 million or 11 cents a share, compared with $600,000 or 5 cents a year earlier.

Transportation firm EGL Inc. said Monday it has signed a definitive merger agreement under which EGL Chairman and Chief Executive Officer James Crane and two investment firms will buy the firm for $38 per share, or about $1.7 billion.