MAN’s 4Q Profit Gains on Eastern European Growth
MAN AG, Europe’s third-largest truckmaker, said its fourth-quarter profit rose 33% as vehicle deliveries surged in the booming Eastern European economies such as Poland and Russia, Bloomberg reported Tuesday.
February 5, 2008ISM Services Index Contracts in January
The economy’s service sector contracted in January, the Institute for Supply Management said Tuesday.
February 5, 2008Diesel Rises 2.1¢ to $3.28 a Gallon
The average national price of retail diesel fuel rose 2.1 cents to $3.28 a gallon, the Department of Energy said Monday.
February 5, 2008Xata Completes GeoLogic Acquisition
Xata Corp. said it has completed its $17.5 million acquisition of fleet tracking and communications firm GeoLogic Solutions.
February 4, 2008Bush Proposes $68 Billion for DOT’s ’09 Budget
President Bush proposed a $3.1 trillion fiscal 2009 budget on Monday that would give the Department of Transportation $68 billion, a $1 billion increase over last year’s request.
February 4, 2008Volvo Extends Partnership with Cummins for 2010 Engines
Volvo Trucks North America said Monday it will offer a heavy-duty engine made by Cummins Inc. that is certified for 2010 emissions standards for its Volvo VN Class 8 trucks, extending an existing agreement between the two.
February 4, 2008EPA Budget Would Boost ‘Clean Diesel’ Spending
The Environmental Protection Agency’s fiscal year 2009 budget request includes $49.2 million in clean diesel grants, EPA said Monday following the release of President Bush’s budget.
February 4, 2008R.I. Checking Bridges in Inspections Program
Rhode Island transportation officials are checking the designs of 15 bridges in the state for a flaw that may have contributed to a fatal bridge collapse in Minneapolis last August, the Associated Press reported.
February 4, 2008Ohio Eyes Higher Fines for Overweight Trucks
The Ohio State Patrol wants higher fines for trucks carrying overweight loads, the Associated Press reported Monday.
February 4, 2008UPS, J.B. Hunt Boost Dividends
UPS Inc. and J.B. Hunt Transport Services each announced they would increase their upcoming dividend payments.
February 4, 2008