23 Apr Rush Reports Net Income, Revenue Surge Powered by Aftermarket, New Truck Sales National truck dealership Rush Enterprises Inc. reported strong gains in net income and record-setting first-quarter revenue amid a strong economy and ongoing strategic initiatives. Read more...
23 Apr Diesel Climbs 2.9¢ to $3.133 in Fifth Straight Increase The U.S. average retail price of diesel fuel rose 2.9 cents to $3.133 a gallon as the benchmark West Texas Intermediate crude oil price closed at $68.93 a barrel April 23, a jump of $5.92. Read more...
23 Apr TravelCenters Receives $10.7 Million From Comdata in Lawsuit TravelCenters of America reported that Delaware’s Chancery Court awarded attorney’s fees and costs that the company incurred in its litigation with Comdata Inc., the Brentwood, Tenn.-based payments firm and division of Fleetcor. TravelCenters reported that Comdata on April 13 reimbursed about $10.7 million in costs and interest. Read more...
23 Apr GE Is in Talks to Unload Rail Business in Deal With Wabtec General Electric Co., the beleaguered manufacturer undergoing a strategic review, is in talks to sell its century-old locomotive business to rail-equipment maker Wabtec Corp., according to people familiar with the matter Read more...
23 Apr US Hints at China Truce as World Warns of Trade-War Threat U.S. Treasury Secretary Steven Mnuchin said he’s considering a trip to China amid a trade dispute with Beijing that finance chiefs warn could derail the global economic upswing. Read more...
23 Apr Change-of-Address Scam Moved UPS Corporate Headquarters to Tiny Chicago Apartment, Feds Say The timeworn apartment building in Chicago’s Rogers Park neighborhood hardly looks like the corporate headquarters of one of the world’s largest shipping companies. But for a few recent months, that’s essentially what it became — at least as far as the U.S. Postal Service was concerned. Read more...
23 Apr Southern Indiana Trucking Companies Battling ‘Catastrophic’ Driver Shortage It’s just a paved lot now, but soon, one 16-acre property in River Ridge, Ind., will be the home of a comprehensive over-the-road truck driving school for Mister “P” Express, Inc. Read more...
23 Apr VTNA President Göran Nyberg Moves to VW Bus and Truck Division Göran Nyberg, the president of Volvo Trucks North America, has moved to Volkswagen AG’s European subsidiary MAN Truck & Bus, spurring Volvo to name a veteran to fill Nyberg’s role on an acting basis. Read more...
23 Apr Stemco Offers Automatic TrailerTail Stemco Products Inc. announced its TrailerTail Automatic fuel-saving system, the newest version of its signature TrailerTail products. It deploys automatically when the trailer reaches 35 mph. Read more...
23 Apr Alliance Airport in Texas Expands Runways to Attract More Cargo Firms The long-awaited extension of two runways at Alliance Airport is complete, clearing the way for the north Fort Worth’s privately run cargo airfield to expand its services to include companies wishing to ship freight as far away as Europe. Read more...