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
FedEx 2Q Earnings Drop 18%, Reflecting LTL Integration Costs
FedEx Corp.’s earnings fell 18% in the company’s fiscal second quarter to $283 million, reflecting one-time charges that included integration costs at the FedEx Freight less-than-truckload unit.
December 20, 2010BusinessFuel
Rising Crude Price Pushes Diesel, Gas to Highest Levels in 2 Years
U.S. retail motor fuel prices continued to climb last week as both diesel and gasoline reached two-year highs, the Department of Energy said.
December 20, 2010BusinessGovernmentTechnologyEquipmentSafety
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, 2010BusinessSafety
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, 2010GovernmentBusiness
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, 2010BusinessLogistics
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, 2010BusinessLogistics
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, 2010