UPS Pledges to Buy 46 Million Gallons of Renewable Diesel
UPS Inc. said it will buy 46 million gallons of renewable diesel over three years, 15 times greater than prior contracts, as the company seeks to further reduce carbon emissions.
July 29, 2015Weekly Intermodal Volume Up 2.3%, AAR Reports
Weekly intermodal volume was up 2.3% year-over-year for the week ending July 25, according to the Association of American Railroads.
July 29, 2015Agility CEO Engle Stepping Down for Position at General Motors
Agility Fuel Systems CEO Barry Engle will leave his post for an executive vice president position with General Motors, the natural-gas fuel systems manufacturer said July 28.
July 29, 2015DTNA, Zonar Outline Expanded Telematics Partnership
YOUNTVILLE, Calif. — One month after Daimler Trucks North America announced it had taken a minority stake in Zonar Systems, executives with both companies shed light on their shared telematics strategy.
July 29, 2015Global Logistic to Buy 200 US Warehouses for $4.55 Billion
Global Logistic Properties Ltd. agreed to buy more than 200 warehouses from Industrial Income Trust Inc. for $4.55 billion in a deal that will make it the second-largest owner of U.S. industrial real estate.
July 29, 2015Pending Sales of Existing Homes Fell in June
Fewer Americans signed contracts in June to buy previously owned homes, representing a pause in the housing market’s momentum.
July 29, 2015Caterpillar, Navistar to End Vocational Truck Deal
Caterpillar Inc. and Navistar International Corp. will terminate the arrangement under which Navistar builds vocational trucks for Caterpillar, and each company will move forward with independent lines of severe-duty trucks, the companies announced in separate statements.
July 29, 2015House Three-Month Funding Deal Eclipses Prospects of Advancing Key Trucking Provisions
A GOP-backed three-month funding patch for transportation programs that is advancing through the House, for which Senate Republican leaders have expressed support, would push a six-year transportation bill with several trucking provisions to the side, at least for now.
July 28, 2015UPS' Second-Quarter Net Income Rises to $1.23 Billion
UPS Inc. posted second-quarter net income of $1.23 billion, or $1.35 per share, helped by stronger results in the international sector.
July 28, 2015Cummins Reports Higher 2Q Profit as Heavy-Duty Engine Sales Rise
Cummins Inc. said its second-quarter profit increased 6% and reported sales growth for its heavy-duty truck engines.
July 28, 2015