Truck tonnage rose 3.9% in November from a year ago, the 12th straight year-over-year increase, but slipped slightly from October, American Trucking Associations said.
December 17, 2010Business
November Truck Tonnage Gains 3.9%
Business, Government, Technology, Equipment, Safety
Ryder to Buy Scully Cos.
Ryder System said it will acquire The Scully Companies, a California-based provider of contract carriage and related services.
December 17, 2010Business, Safety
DOT Proposes Ban on Truckers’ Handheld Phones
The Department of Transportation Friday proposed banning interstate truck and bus drivers from using hand-held cell phones while operating a commercial motor vehicle, and sets stiff fines for violators.
December 17, 2010Business
Judge Tosses ABF Suit Against YRC, Teamsters
An Arkansas judge has dismissed a lawsuit by ABF Freight System against rival less-than-truckload carrier YRC Worldwide that had sought to invalidate a labor agreement between YRC and the Teamsters union.
December 17, 2010Government, Business
Economic Indicators Take Biggest Jump in Eight Months
An index of leading economic indicators by the most in eight months, the New York-based Conference Board said Friday.
December 17, 2010Business, Logistics
Weekly Intermodal Traffic Rises 14.1%
Intermodal traffic rose 14.1% last week from the a year ago, the Association of American Railroads said.
December 17, 2010Business, Logistics
Swift Begins NYSE Trading at $11 a Share
Swift Transportation Co.’s stock began trading Thursday at $11 a share, after the company raised about $810 3 million in its initial public offering, Bloomberg reported.
December 16, 2010Business
FedEx’s 2Q Income Declines on LTL Restructuring Costs
FedEx Corp. said Thursday its second-quarter earnings slipped to $283 million, or 89 cents per share, from $345 million, or $1.10, a year ago, on charges related to the impending restructuring of its less-than-truckload operations.
December 16, 2010Business, Equipment
Philadelphia Manufacturing Expands at Highest Rate in Five Years
Manufacturing activity in the Philadelphia region rose this month at the fastest level in more than five years, the Federal Reserve Bank of Philadelphia said Thursday.
December 16, 2010Business
November Housing Starts Rise
Housing starts grew 3.9% in November, the first increase in three months, the Commerce Department said Thursday.
December 16, 2010