Rush Enterprises Acquires Assets of Dealerships in Illinois, Indiana
Commercial truck dealer Rush Enterprises said it has acquired the assets of dealerships in Indiana and Illinois and interests of Idealease of Chicago for $145 million.
January 14, 2014Retail Sales Rise in December
Retail sales grew 0.2% in December, the Commerce Department reported Jan. 14.
January 14, 2014Import Price Unchanged in December
The price of goods imported to the United States was unchanged in December after declining the prior month, the Labor Department reported Jan. 14.
January 14, 2014Diesel Slides 2.4¢ to $3.886 a Gallon; Gasoline Dips
Diesel fell 2.4 cents to $3.886 a gallon, its first decline in four weeks, the Department of Energy reported Jan. 13.
January 13, 2014UPS Freight Teamsters Approve 5-Year Pact
UPS Freight employees in the Teamsters union approved a five-year agreement that gives workers a total $2.50 per hour wage boost that the union said makes them the best-paid drivers in the less-than-truckload industry.
January 13, 2014Annual Sales of Nat Gas Trucks and Buses Expected to Reach 400,000 by 2022
Worldwide annual sales of natural-gas trucks and buses are expected to rise to nearly 400,000 in 2022, according to a recent report.
January 13, 2014Navistar Launches Online Truck Configuration Tool
Navistar Inc. said it has updated and re-designed its online truck configuration tool to allow customers to virtually design several models.
January 13, 2014iTECH: Trucking May Save $168 Billion Annually With Driverless Vehicles, Report Concludes
A new “blue paper” by the research department of investment bank Morgan Stanley estimated that autonomous — “self-driving” — vehicles could save the freight transportation in¬dustry $168 billion annually, through pro-ductivity gains and lower costs for labor, fuel and accidents.
January 13, 2014Omnitracs Europe Acquired by Singapore IT Firm
Omnitracs Europe has been acquired by Astrata Group, a Singapore based IT firm, from Qualcomm Europe. Terms were not disclosed.
January 13, 2014