U.S. intermodal traffic declined 2.8% for the week ended Saturday from a year ago, the Association of American Railroads reported.
March 2, 2012Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Bendix Parts Recall Remedied, Navistar Ships Its Backlog
Efforts to overcome the effect of defective brake valves supplied by Bendix Commercial Vehicle Systems are progressing, with Navistar Inc. reporting that all its trucks delayed for repairs have now been shipped.
March 5, 2012YRC Posts $86 Million 4Q Loss in as Costs Outpace Higher Rates, Tonnage
YRC Worldwide Inc.’s efforts to reduce ongoing losses stalled in the fourth quarter, despite higher tonnage and higher rates as costs rose more than revenue.
March 5, 2012Transportation Bill Stalls in Congress; Lawmakers Expected to Pass Extension
Transportation advocates last week said Congress probably will have to approve another temporary extension of transportation spending legislation, as a new highway bill appeared unlikely to be passed by the time the current extension runs out March 31.
March 5, 2012ATA Seeks Narrowing of Tank Truck Definition
American Trucking Associations has petitioned the Federal Motor Carrier Safety Administration to narrow its definition of tank trucks to eliminate the need for many truck drivers to receive costly and unnecessary training and tank vehicle endorsements.
March 5, 2012Diesel Average Rises Above $4; Price Is Highest Since Mid-May
U.S. diesel prices surged last week, crossing the important psychological $4-a-gallon threshold and reaching their highest level since May 16, according to the Department of Energy.
March 5, 2012Celadon Sells Stake in USA Truck
Celadon Group said this week it sold its 685,000 shares, or about 6.3% stake, of USA Truck that it purchased in October.
March 2, 2012Auto Sales Hit Four-Year High
U.S. auto sales rose in February to the fastest pace in four years, led by big gains for Chrysler Group LLC and General Motors Co., Bloomberg reported Friday.
March 2, 2012Oil Falls for First Time in Three Days
Oil fell in early trading Friday after rising for the past two days and closing Thursday near a 10-month high, Bloomberg reported.
March 2, 2012ISM Manufacturing Index Slips from 7-Month High
U.S. manufacturing activity slipped from a seven-month high in February but showed continued expansion, the Institute for Supply Management said Thursday.
March 1, 2012Trending
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