Sunday, May 20, 2018
Business
ATA to call for greater federal oversight to limit speculation

ATA to call for greater federal oversight to limit speculation

ARLINGTON, Va. — Speaking on behalf of the American Trucking Associations, Con-way Inc. Vice President Randy Mullett will call on Congress to improve transparency in the over-the-counter markets and establish aggregate position limits across all trading platforms during a press conference tomorrow at 1 p.m. on Capitol Hill in Washington, D.C. Mullett will also address the effects of excessive oil speculation on America’s trucking industry.

Cummins reports most profitable 4th quarter in company history

Cummins reports most profitable 4th quarter in company history

COLUMBUS, Ind. – Cummins Inc. today reported that the fourth quarter 2009 was the most profitable fourth quarter in company history, eclipsing the previous mark set in 2007.

UPS 4Q profit nearly triples from year earlier

UPS 4Q profit nearly triples from year earlier

ATLANTA — Shipping giant UPS Inc. says a strong holiday shipping season and solid international business propelled it to a fourth-quarter profit of $757 million, nearly triple what it was a year ago.

Greatwide Chairman Suggs replaces Greer as CEO

Greatwide Chairman Suggs replaces Greer as CEO

DALLAS — Raymond B. Greer has resigned as CEO of Greatwide Logistics Services, the company said in a statement Tuesday. Leo Suggs, currently chairman of the board, was appointed to succeed him, effective immediately. John Simone will continue in his role as president and chief operating officer.

Paccar says 4Q profit fell 59 percent to $46.1 million

Paccar says 4Q profit fell 59 percent to $46.1 million

BELLEVUE, Wash. — Paccar Inc., which makes trucks and parts carrying the Kenworth, Peterbilt and DAF nameplates, reported Friday that its fourth-quarter profit tumbled 59 percent as sales dropped 23 percent.

Dana to consolidate, relocate heavy vehicle operations

Dana to consolidate, relocate heavy vehicle operations

KALAMAZOO, Mich. — Dana Holding Corp. will consolidate its Heavy Vehicle Products operations in Kalamazoo, Mich., and Statesville, N.C., into two locations in the Toledo, Ohio, area and a yet-to-be-determined location in Greater Detroit, the company said Jan. 28.

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