Daimler’s China Venture to Build Engine Plant
Daimler AG and its joint-venture partner, China’s Beiqi Foton Motor Co., said they will build a $166 million plant with the capacity to make as many as 45,000 engines a year for its trucks to serve the fast-growing Chinese market.
July 19, 2012Vitran Reports Second-Quarter Loss
Vitran Corp. reported a second-quarter loss Thursday as its less-than-truckload operations declined.
July 19, 2012Existing Home Sales Drop in June
Existing home sales declined 5.4% in June, an eight month low, the National Association of Realtors said Thursday.
July 19, 2012USA Truck Reports 2Q Loss
USA Truck reported a second-quarter loss, citing a “lack of network efficiency.”
July 19, 2012Leading Economic Indicators Decline in June
An index of leading economic indicators declined 0.3% in June, the New York-based Conference Board said Thursday.
July 19, 2012Philadelphia Factory Index Contracts for Third Month
Manufacturing activity in the Philadelphia region contracted for a third straight month in July, Federal Reserve Bank of Philadelphia said Thursday.
July 19, 2012Union Pacific’s 2Q Earnings Rise 28%
Union Pacific Corp. said Thursday its second-quarter profit rose 28% to $1 billion, or $2.10 a share, from $785 million, or $1.59, a year ago.
July 19, 2012Initial Jobless Claims Rise for Week
Initial jobless claims rose last week from the lowest level in four years the previous week, the Labor Department said Thursday.
July 19, 2012Werner’s Second-Quarter Profit Rises 11%
Werner Enterprises’ second-quarter profit rose 11%, resulting from a “seasonally improving freight market,” the truckload carrier said.
July 19, 2012Cummins Completes Hilite’s SCR Emissions Acquisition
Engine maker Cummins Inc. said Wednesday it completed its acquisition of the emission control assets of Germany-based Hilite International.
July 18, 2012