Covenant Sets Refinancing Plan With Daimler Truck Financial
Covenant Transportation Group said it completed the first step in refinancing its long-term debt, including a secured revenue equipment financing agreement with Daimler Truck Financial for about $200 million.
July 8, 2008G-8 Leaders Endorse Cutting Greenhouse Gases in Half by 2050
Leaders of the Group of Eight nations endorsed cutting global emissions of greenhouse gases in half by 2050, but stopped short of more short-term targets, the Associated Press reported Tuesday.
July 8, 2008NFI, Raven Transport Set Warehousing Agreement
Trucking and third-party logistics firm NFI Industries said Monday it has formed a joint-venture warehousing agreement with Raven Transport.
July 7, 2008Daimler, Indian Firm Choose Site for Truck Plant
Daimler AG and the Hero Group have chosen a site in India to build a new truck plant, Bloomberg reported Monday.
July 7, 2008Bendix to Offer Automatic Braking for Heavy-Duty Trucks in 4Q
WASHINGTON — Bendix Commercial Vehicle Systems LLC demonstrated here the automatic braking system for heavy-duty trucks it will offer starting in the fourth quarter.
July 7, 2008E&MU: California Emissions Plan Pushes New Engines
California clean-air regulators propose to force all older highway trucks running within state boundaries to be retrofitted first with diesel particulate filters, costing $8,000 to $20,000 and more, and then with equipment that reduces output of nitrogen oxides, in a complicated, staggered schedule in effect from 2010 through 2022.
July 7, 2008Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic both declined for the week ended June 28 compared with a year ago, the Association of American Railroads said.
July 7, 2008Employment Index Declines, Conference Board Says
An employment trends index declined in June, the New York-based Conference Board said Monday.
July 7, 2008First Atlantic Hurricane Forms; Unlikely to Affect Gulf Oil Platforms
The first hurricane of the Atlantic hurricane season formed Monday, but forecasts put it on a track that would not affect Gulf of Mexico oil platforms, the Associated Press reported.
July 7, 2008Oil Dips Following Record High
Oil fell in early trading from last week’s record high, but its continued climb has prompted some analysts to predict the price could jump to $200 a barrel this year, the Wall Street Journal reported Monday.
July 7, 2008