Transport Topics
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Penske Corp. sold its majority share of lighting-systems manufacturer Truck-Lite Co., a supplier to the commercial trucking industry, to Koch Equity Development and BDT Capital Partners.
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Radiant Logistics Inc. reported net income rose 3% to $2.19 million, or 4 cents per share, in the second quarter as the company absorbed multiple acquisitions.
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The average price of diesel fuel in the United States declined 1.7 cents a gallon to $2.476, the Department of Energy reported Sept. 28.
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The world's largest economy expanded more than previously forecast in the second quarter, boosted by gains in consumer spending and construction that may help the United States withstand a global slowdown.
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