Automotive Fleet – General Motors announced it will buy 200 million shares of GM common stock held by the U.S. Treasury department for $5.5 billion. GM said the buyback is part of the Treasury’s plan to fully exit its holdings of GM stock within 12 to 15 months. GM is purchasing the shares for $27.50 […]
CCJ, Pennsylvania’s Department of Environmental Protection started accepting applications last week for a grant program in which $20 million will be available over the next three years for incremental and conversion costs of heavy-duty  natural gas vehicles for fleets, PDEP announced.
Here at the editorial offices of Randall-Reilly, which produces both Commercial Carrier Journal andOverdrive magazines, we like to joke that government agencies never seem to fail to provide us editors with a “Christmas present†in the form of a proposed or final rule in the days between Christmas and New Years, causing a mad flurry of phone calls […]
Commercial Carrier Journal, CCJ – Finishing out 2012 with significant growth in the Americas retreading market, Continental Tire the America’s Commercial Vehicle Tire Business unit detailed some of its plans for expansion of the ContiLifeCycle retreading solution in the region.
Automotive News – General Motors plans to move production of the next-generation Chevrolet Camaro to Michigan from Canada. The Camaro, currently made in Oshawa, Ontario, will be built at the Lansing Grand River Assembly Plant in Lansing, Mich., GM said today in a statement.
Background: Your customer has just given you an order to deliver 1,000 cars by the end of the week. Logistically, you’ll be able to handle 800 of them with your equipment but you’re going to have to scramble to get the remaining done through your brokerage.  Like many carriers, you’ve gotten accustomed to relying on […]
The purpose of this memo is to make you aware of the inspection process an insurance company performs to evaluate the insurability of your company. The insurance market shows no signs of softening in the near future and the inspection performed by insurance companies has never been more critical. Generally, insurers will grade […]
Commercial Carrier Journal, CCJ – The New York Thruway Authority has abandoned plans to raise truck tolls by 45 percent. On Dec. 17, Thruway Authority Executive Director Thomas Madison presented a new plan regarding Thruway finances that eliminated the hike the authority board gave preliminary approval to last May.
Commercial Carrier Journal, CCJ – Navistar announced Wednesday, Dec. 19, a net loss of $2.8 billion in the fourth quarter of 2012, stemming mostly from a non-cash tax expense of $2 billion from an increase in deferred tax valuation allowance on the company’s U.S. deferred tax assets.
