Latest News Updates From John G. Parker
Axle Deal With Meritor Alter's Volvo's Approach
In a move that represents a significant loosening of its vertically integrated structure, Volvo Truck Corp. has decided to outsource its heavy-duty rear axles to U.S.-based Meritor Inc.
December 28, 1998Evidence Grows That EPA Knew About Diesel Engine Test Flaws
Evidence mounted that the Environmental Protection Agency knew long before it lowered the boom on diesel engine makers that their engines had pollution problems and that EPA’s own certification test was so poorly designed it failed to detect illegal emissions levels.
December 22, 1998German Post Office Bids for Danzas
The state-owned German post office, Deutsche Post AG, has launched a $1.1 billion bid to acquire Danzas, the Swiss-based international transport and logistics company. The Danzas board of directors met Dec. 10 and recommended that shareholders accept the offer, which will begin officially in mid-January.
December 22, 1998TNT Post Group Buys Jet Services
Holland’s TNT Post Group has paid $360 million to acquire the French express delivery company, Jet Services.
December 21, 1998Evidence Grows That EPA Knew About Diesel Engine Test Flaws
Evidence mounted that the Environmental Protection Agency knew long before it lowered the boom on diesel engine makers that their engines had pollution problems and that EPA’s own certification test was so poorly designed it failed to detect illegal emissions levels.
December 18, 1998German Postal Service Makes $1.1 Billion Bid For Danzas
The German postal service, Deutsche Post AG, has launched a $1.1 billion tender offer for Danzas, the Swiss-based international freight forwarder and logistics company.
December 11, 1998Volvo Loosens Structure With Deal
In a move that represents a significant loosening of its vertically integrated structure, Volvo Truck Corp. has decided to outsource its heavy-duty rear axles to U.S.-based Meritor Inc.
December 8, 1998Volvo to Lay Off 5,300 Workers
AB Volvo has decided to cut 5,300 jobs worldwide, including about 1,000 in North America, according to Stefan Lorentzson, spokesman for subsidiary Volvo Truck Corp.
December 7, 1998Euro Truckers Get Swiss Tansit Rights - At a Price
The European Union’s Ministers of Transport Committee, meeting in Brussels Dec. 1, accepted a deal that allows EU-registered trucks transit rights through Switzerland, but at a very high price for road transport.
December 7, 1998Truckers Will Pay For Agreement
The European Union's Ministers of Transport Committee has accepted a deal that allows EU registered trucks transit rights through Switzerland, but at a high price.
December 2, 1998Follow Us
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