Daimler Trucks North America unveiled its new Detroit brand encompassing all of its powertrain components, including its Detroit Diesel engine line.
October 18, 2011Business
Marten Reports Higher 3Q Profit
Marten Transport’s third-quarter profit rose 15.5% on improved performance in its truckload and logistics sectors.
October 19, 2011Business, Logistics
CSX Reports Higher Third-Quarter Profit
CSX Corp. said its third-quarter net income rose to $464 million, or 43 cents per share, from $414 million, or 36 cents, a year ago.
October 19, 2011Business
September Housing Starts Climb 15%
Housing starts jumped 15% in September to the highest level since April 2010, the Commerce Department said Wednesday.
October 19, 2011Government, Business
States Get More Back from Highway Trust Fund Than They Collect, GAO Says
Every state receives more in highway funding than it is contributing to the Highway Trust Fund via federal fuel taxes and truck excise taxes, said a new study by the U.S. Government Accountability Office.
October 18, 2011Government, Business
ATA’s Costello Sees Mixed Economic Picture for Trucking
The economic outlook for trucking is “muddled at best, with the industry facing softening demand and rising costs,” American Trucking Associations’ Chief Economist Bob Costello said at the group’s annual conference in Texas this week.
October 18, 2011Business
Economy Leads ATRI’s List of Trucking’s Top Issues
The American Transportation Research Institute said the state of the economy ranks No. 1 on its list of the top 10 issues facing the North American trucking industry.
October 18, 2011Business, Fuel
Diesel Fuel Jumps 8¢ to $3.801 a Gallon; Gasoline Price Gains 5.9¢ to $3.476
Diesel’s national average pump price jumped 8 cents to $3.801 a gallon, turning around five weeks of declines, while gasoline also increased, the Department of Energy said.
October 18, 2011Business
Producer Prices Increase in September
Prices paid to U.S. producers rose 0.8% in September, the largest gain in five months, the Labor Department said Tuesday.
October 18, 2011Business, Technology
iTECH: Fleets Boost Spending on Technology Upgrades
With freight and revenue rebounding, some motor carrier executives are dusting off their checkbooks and making significant information technology purchases, fleet and technology company officials have said.
October 18, 2011