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IHS Inc., a global source of critical information and analytics, has signed a definitive agreement to acquire R.L. Polk & Co., a company that provides automotive information and analytics solutions, including those for commercial trucks for $1.4 billion.
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The Senate Commerce Committee Monday night approved the nomination of Anthony Foxx to be Secretary of Transportation, while the committee named Mark Warner to take over a key transportation subcommittee from the late Frank Lautenberg.
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The price of diesel has fallen for the third week in a row, putting the U.S. average close to where it was just four weeks ago. In contrast, the average U.S. cost for gasoline has increased over the past week.
Read More →American Trucking Associations announced it has opened registration for the the annual Management Conference & Exhibition, scheduled for Oct. 19-22 in Orlando, Fla.
Read More →Exide Technologies, a battery maker based in Milton, Ga., has filed for voluntary Chapter 11 bankruptcy reorganization as it attempts to restructure its U.S. business and strengthen its balance sheet. The company said its international operations are excluded from the filing, which it made Monday in U.S. Bankruptcy Court in Delaware.
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Navistar International Corp. announced a second quarter net loss of $374 million, or $4.65 per diluted share, compared to a second quarter 2012 net loss of $172 million, or $2.50 per diluted share. At the same time, it said it has seen a strong increase in May Class 8 orders and announced it will start adding SCR aftertreatment to its medium-duty trucks.
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Double Coin Tires and CMA announced that construction is to start on the company’s newest distribution center.
Read More →FedEx Freight, a subsidiary of FedEx Corp., will increase shipping rates by an average of 4.5%, effective July 1.
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Yesterday, the U.S. Congress introduced bipartisan legislation to equitably tax liquefied natural gas as a transportation fuel. Senators Michael Bennet (D-CO) and Richard Burr (R-NC) introduced the legislation, titled the “LNG Excise Tax Equalization Act of 2013” (S.1103).
Read More →A National Highway Traffic Safety Administration notice says an internal defect in the ignition switch causes the starter to engage when a key is partially inserted before the key is turned, and could cause injury to a person working in the engine compartment. Vehicles with standard transmissions may experience unexpected movement, which may result in personal injury or a crash.
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