Oil closed the trading week at a one-month low under $75 a barrel on demand-related concerns over economic growth, Bloomberg reported.
January 22, 2010Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Fatality Rate Hits New Low
The rate of fatalities in accidents involving trucks fell 12.3% in 2008 from the previous year — the largest year-to-year drop on record — to its lowest level on record, according to an American Trucking Associations analysis of Department of Transportation data.
January 25, 2010YRC Sets Shareholders’ Vote for Reverse Stock Split
YRC Worldwide Inc. set Feb. 17 as the date for a special shareholder meeting to vote on a reverse stock split that follows the debt-for-equity exchange offer that was completed earlier this month.
January 25, 2010Navistar’s New ProStar Plus Will Be Unveiled in March
MELROSE PARK, Ill. — Navistar Inc. said it will introduce a new version of its top over-the-road tractor this year called the International ProStar Plus, and moved up the launch of its 15-liter engine to October from next year.
January 25, 2010Trucking Executives Cautious About 2010
LAS VEGAS — Top executives from large trucking, truck-making and component manufacturing firms said they all see signs of a good business climate to come, but predicted 2010 will not be a boom year, and they are moving forward with very conservative business plans.
January 25, 2010Diesel Declines 0.9¢ to $2.87; Gasoline Average Also Drops
The national diesel average declined 0.9 cent to $2.87 last week as pump prices moderated after a sharp spike the prior three weeks, the Department of Energy reported.
January 25, 2010Oil Closes Week Below $75 a Barrel
Universal Truckload Services Completes Three Acquisitions
Universal Truckload Services Inc. said it has acquired three companies that offer a variety of transportation services, continuing the company’s plan to grow through acquisitions.
January 22, 2010England Logistics Opens China Offices
England Logistics said that it has given approval to operate in China and has opened offices in five cities.
January 22, 2010RAIR Appoints New CEO
Compliance and safety services provider RAIR said Friday that it has named JJ Singh as its new president and chief executive officer.
January 22, 2010Diamond Phoenix, System Logistics Complete Merger
Diamond Phoenix and System Logistics have completed their merger and are now operating as one company under the System Logistics Corp. name, the company said Wednesday.
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