Bridgestone Americas Tire Operations said it was boosting tire prices 8% due to higher energy and raw materials costs, and other tire makers also cited rising costs in their recent earnings statements.
November 2, 2010BusinessLogistics
Wabash National’s 3Q Loss Narrows
Trailer manufacturer Wabash National Corp. late Tuesday reported a third-quarter loss of $1.9 million, or 3 cents per share, compared with a loss of $66.4 million, or $2.23, a year ago.
November 2, 2010GovernmentBusiness
Truck Tolls to Rise on NYC Tunnels, Bridges
Truck tolls will rise on six of the seven major bridges and tunnels operated within New York City by the Metropolitan Transportation Authority, beginning Dec. 30.
November 2, 2010BusinessLogistics
Expeditors’ Third-Quarter Profit Jumps
Logistics firm Expeditors International of Washington’s third-quarter profit jumped to $96.1 million, or 44 cents a share, from $57.8 million, or 27 cents, a year ago, a per-share gain of 63%.
November 2, 2010Business
Most U.S.-Bound Air Cargo Is Not Screened, Paper Reports
Only about 20% of the 9 billion pounds of air cargo that comes to the United States from overseas each year is physically checked for bombs, USA Today reported Tuesday.
November 2, 2010Business
Opinion: Upgrade Your Sales Process
As freight markets rebound, the winning carrier will be the one that outsells its peer group in the growth and retention of profitable business — a goal best achieved by improving the company’s sales process.
November 2, 2010BusinessFuel
Diesel Holds at $3.067 a Gallon
Diesel’s pump price held at $3.067 a gallon, the fifth straight week it has been at least $3 a gallon, while gasoline dipped just over a penny, the Department of Energy said Monday.
November 2, 2010Business
ABF Sues YRC Unit, Teamsters Union Over Master Freight Contract
ABF Freight System said it filed legal actions Monday against units of YRC Worldwide and the Teamsters union for what it said were violations of the National Master Freight Agreement collective bargaining agreement that covers most U.S. unionized trucking employees.
November 1, 2010Business
UPS Sets 4.9% Rate Increase for 2011
UPS Inc. has set a 4.9% net increase for 2011 for ground packages, air express and U.S.-origin international shipments.
November 1, 2010Business
Teamsters Approve YRC Contract
The Teamsters union’s rank-and-file membership at YRC Worldwide ratified a new labor agreement to run through 2015 it said is aimed at saving 25,000 jobs at the less-than-truckload carrier.
November 1, 2010