Navistar to Shut Ontario Truck Plant; Chassis Works Also to Close
Navistar Inc. said that it will permanently close its heavy-duty truck manufacturing plant in Chatham, Ontario, which has been mothballed for two years because of a labor dispute.
August 8, 2011Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Caterpillar to Pay $2.55 Million for Sales of Engines With Improper Emissions Controls
Caterpillar Inc. will pay $2.55 million to the federal and California governments to settle claims it sold engines without proper emissions controls and violated emissions control reporting and engine labeling regulations, the U.S. Environmental Protection Agency said.
August 8, 2011Diesel Price Dips 1.2¢ to $3.937; Crude Oil Plunges Below $87 a Barrel
The national average price of retail diesel dipped 1.2 cents a gallon to $3.937 last week, the fifth time in nine weeks it has declined, the Department of Energy reported.
August 8, 2011Obama Signs Measure Ending FAA Shutdown
President Obama signed legislation Friday ending a two-week partial shutdown of the Federal Aviation Administration, the Associated Press reported.
August 5, 2011Trucking Adds 1,300 Jobs as July Unemployment Rate Dips to 9.1%
The U.S. unemployment rate declined a tenth of a point in July to 9.1%, while the economy added 117,000 jobs to payrolls, the Labor Department said Friday.
August 5, 2011Contrans’ 2Q Income Edges Higher
Canadian carrier Contrans Group reported second-quarter net income of C$5.2 million, or 15 cents a share, compared with C$5.1 million, or 16 cents, a year earlier.
August 5, 2011FreshStart Logistics Teams With Datatrac
FreshStart Logistics, a maker of transportation technology products, is partnering with counterpart Datatrac Corp.
August 5, 2011FedEx Completes Acquisition of Mexico’s MultiPack
FedEx Corp. said it has completed the acquisition of Mexico’s Servicios Nacionales Mupa S.A de C.V., or MultiPack.
August 5, 2011Visteon Posts Second-Quarter Profit
Truck and automobile parts maker Visteon Corp. posted second-quarter net income of $26 million, or 50 cents a share, turning around a loss of $201 million, or $1.55 per share, a year ago.
August 5, 2011Cooper Tire’s 2Q Income Declines
Cooper Tire & Rubber Co. said second-quarter earnings at its Cooper Tire division fell to $12 million, or 18 cents a share, from $19 million, or 30 cents, a year ago.
August 5, 2011