Construction spending rose 1.4% in March, the biggest gain in almost a year, the Commerce Department said Monday.
May 2, 2011Business
Frozen Food Express’ 1Q Loss Widens
Frozen Food Express Industries said its first-quarter loss doubled from a year ago despite higher tonnage and revenue.
May 2, 2011BusinessFuel
Oil Drops After U.S. Says Bin Laden Killed
Oil prices dropped by the most in almost seven weeks on speculation that the killing of Osama bin Laden may ease the risk of Middle East supply disruptions, Bloomberg reported Monday.
May 2, 2011Business
Truck Order Backlog Grows
As the backlog of orders for heavy-duty trucks has grown to levels not seen since late 2006, at least three of the four major vehicle manufacturers have announced commodity surcharges, with the extra fees as much as $975 a truck.
May 2, 2011Letters to the EditorGovernmentBusinessTechnologyEquipment
Letters: Trucking’s Real Cost, Soaring Fuel Prices, Mexican EOBRs
It is evident to me that the bigger 3PLs are adding trucks to their array of services because there are fewer trucks on the road.
May 2, 2011Business
Shipper Demand, Government Mandates Lead Pallet Makers to Redesign Products
Customer demand for pallets — and government regulations aimed at ensuring their safety — are spurring innovations that allow shippers to take a customized, system-based approach that can best meet their needs.
May 2, 2011Business
Higher Volumes Boost LTL Profits in 1Q Despite Rising Fuel Prices, Bad Weather
Freight volumes and rates rose enough to overcome weather and fuel-price increase headwinds, four publicly traded less-than-truckload carriers said last week, reporting improved first-quarter results.
May 2, 2011Business
Volvo Says Quarterly Earnings Rose 143% on Growing Demand for Trucks Worldwide
Benefiting from increased global demand for its trucks, Volvo AB reported a 143% jump in first-quarter earnings from a year earlier, driven by a 22% increase in revenue, the company said April 27.
May 2, 2011Business
UPS Inc.’s Profit Surges 66% in First Quarter
UPS Inc. said its first-quarter profit jumped 66% from a year earlier, as revenue grew 7.3%, helping boost net income over the earlier three-month period that was beset with lower volumes and several one-time charges, the Atlanta-based corporation said on April 26.
May 2, 2011Business
Inflation, Rising Fuel Costs, May Impede Fleets’ Profit
Rising inflation, whether fuel, food and other basic consumer prices, or the costs of running trucking firms, presents a danger of crimping fleet profit increases this year, transportation analysts said.
May 2, 2011