Old Dominion Freight Line said it will boost its base rates later this month by an average 4.4% in order to offset higher costs.
January 8, 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.
FMCSA Slates 3 Public Hearings as Next Step in HOS Review
The Federal Motor Carrier Safety Administration announced it would host a series of public “listening sessions” over its intentions to modify again its often-challenged hours-of-service rule for commercial drivers.
January 11, 2010YRC Increases Liquidity with Debt-for-Equity Swap
YRC Worldwide Inc. said it has successfully completed a debt-for-equity exchange that company officials and analysts said would give the carrier financial breathing room as it tries to overcome persistent losses.
January 11, 2010Biodiesel Board Says Production Is Halted as Industry Waits for Restoration of Tax Credit
The biodiesel industry was at a virtual standstill last week, despite an assurance by two Senate leaders they will introduce legislation “as soon as possible” to reinstate the tax credit that expired on Dec. 31.
January 11, 2010ATA Taps Osiecki as Policy Head
American Trucking Associations announced last week it has promoted two officials in its policy and legal departments.
January 11, 2010More Technologies Are Ready for the Cab, But Regulatory, Business Hurdles Remain
Automated vehicle tracking is now accessible to more fleets than ever before, as providers pack the technology into small — but powerful — hardware. However, economic and regulatory concerns are keeping older systems firmly entrenched in the trucking industry.
January 11, 2010Driver Earns TCA Highway Angel Trophy for Saving Victim’s Life in Fiery Crash
Truck driver Michael Hunt received the 2009 Highway Angel of the Year trophy from the Truckload Carriers Association on Dec. 30 before about 30,000 people at a college football bowl game in Boise, Idaho.
January 11, 2010Workers File Class-Action Suit over Arrow Trucking Closure
A class-action lawsuit has been filed on behalf of the 1,400 former employees of Arrow Trucking, the Tulsa, Okla., flatbed carrier that shut down abruptly last month.
January 11, 2010Diesel Jumps 6.5¢ to $2.797
The average price of U.S. retail diesel rose 6.5 cents a gallon last week to $2.797, the Department of Energy reported, and additional increases may be on the way as crude oil remained above $80 a barrel.
January 11, 2010UPS Says 4Q Earnings to Exceed Guidance; Will Cut Jobs
UPS Inc. said Friday its fourth-quarter earnings will exceed an earlier forecast and that it plans to cut about 1,800 management and administrative positions.
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