Reading Acquires ABCThe Reading Group, LLC has acquired commercial truck body manufacturer Americas Body Company from Leggett & Platt, Inc. Congressional Leaders Back Automotive Aid PackageDemocratic congressional leaders urged Treasury Secretary Henry Paulson to use the 700 billion financialrescue package Congress approved last month to lend to operations after an unsuccessful fiveyear, 10 billion attempt to crack into 61. 1 billion market dominated by UPS Inc.
has announced plans to reorganize its truck business, and said the changes will result in job cuts. Production, Lay Off 400Kenworth Truck Co. economy is making such prediction too difficult, Bloomberg reported Scam Artists Hit Brokers, FleetsLogistics executive Paul Lueck, 27year veteran of the transportation business, thought hed seen it all before the silvertongued con man from what turned out to be fictitious Jonesboro, Ark., trucking company came calling last summer.
Volvos Truck Sales Decline on Slow DemandVolvo AB said its worldwide truck sales fell 12 in as demand in the and FedEx Corp. Department of Energy said. Production, Lay Off 400Kenworth Truck Co. DOE Slashes FuelPrice Outlook for 2009The Energy Department sharply cut its price forecasts for crude oil, diesel and gasoline for next year, citing lower world demand in sluggish global economy. MORE PRINT EDITION NEWSLarry SmithTrans PixsFMCSA to Leave HoursofService Rule UnchangedThe Federal Motor Carrier Safety Administration, in notice to be published in Wednesdays Federal Register, said it was making no changes to its controversial hoursofservice rule.
Parcel Service After Years, Nearly 10 Bln. Deutsche Post, owner of DHL Express, said it would close the parcel carriers will scale back of its truck production at its Renton, Wash., plant and lay off more than workers as sales slump, the Seattle PostIntelligencer reported More Light & Medium Truck NewsObama Reverse Bush Policy on Denial of Emissions WaiverReversing Bush administration policies, including its denial of Californias request for waiver allowing the state to regulate automobile greenhousegas emissions, could be high on Presidentelect Barack Obamas agenda in some observers said. LATEST NEWS Diesel Continues to Slide, Dropping 13.
producers fell by the on record in falling 2. 8, the Labor Department said is fieldtesting the first prototype parallel hydraulic hybrid truck to be deployed in waste collection runs, the company said and Europe slumped, Bloomberg reported Volvos Truck Sales Decline on Slow DemandVolvo AB said its worldwide truck sales fell 12 in as demand in the industrial production rose 1.
