Ford Profit Beats Estimates as Buyers Pay Up for F-150 Truck
Ford Motor Co. posted a 44% surge in second-quarter profit, exceeding analysts' estimates thanks to consumers paying big money for fully loaded versions of the new aluminum-body150 pickup.
July 28, 2015Consumer Confidence Drops by Most Since August 2011
Consumer confidence slumped in July by the most since August 2011 as Americans grew less upbeat about prospects for the economy, employment and their finances.
July 28, 2015Home Prices in 20 US Cities Rose at Slower Pace in May
Home prices in 20 U.S. cities rose at a slower pace in the year ended May, keeping more properties within reach for prospective buyers.
July 28, 2015Senate Limits Debate, Inches Closer to Vote on Highway Bill
The Senate late on July 27 agreed to limit debate on a six-year highway bill, paving the way for final passage within days.
July 27, 2015Navistar Completes Order to Supply Quality Cos. With 9,000 Trucks
Truck maker Navistar Inc. has finalized an agreement to supply Quality Cos., a subsidiary of truckload carrier Celadon Inc., with 9,000 Class 8 tractors during the next three years.
July 27, 2015Daimler's Bernhard: Testing of Autonomous Trucks on German Roads Will Begin This Year
Daimler plans to test self-driving trucks as early as this year, the head of the company's global truck and bus unit told a German newspaper.
July 27, 2015Freight Volumes Projected to Grow 29% Through 2026, ATA Report Says
Freight volumes are projected to increase by nearly 29% over the next 11 years, according to a report released by American Trucking Associations on July 27.
July 27, 2015Chrysler to Buy Back Recalled Ram Pickups
Fiat Chrysler Automobiles NV has agreed to repurchase more than half a million vehicles — most of them Ram pickups — as part of a settlement with the federal government that also includes a record $105 million penalty for delaying action on safety defects in its vehicles, Bloomberg News reported.
July 27, 2015Hillary Clinton Declines to Say Where She Stands on Keystone XL
Hillary Clinton declined to weigh in on the Obama administration’s ongoing deliberations over the Keystone XL oil pipeline July 27, avoiding an issue that has become a litmus test for climate activists.
July 27, 2015Alcoa Forms New Unit for Commercial Wheels
Alcoa Inc. has created a division to focus on the commercial wheels business as part of a corporate realignment.
July 27, 2015