UPS Inc. said Friday it has set a 5.9% rate increase for its less-than-truckload unit, UPS Freight, for 2009.
October 17, 2008Business, Fuel
Fleets Find Higher Costs, Uncertain Life Cycles
Six years after the first generation of Environmental Protection Agency-compliant diesel engines was introduced, fleet operators said there is little doubt the cleaner-burning engines cost more to maintain and operate.
October 20, 2008Business
YRC Swaps Stock for Debt
Less-than-truckload carrier YRC Worldwide issued new shares of common stock and used the issue to buy back debt in an effort to save about $600,000 a year in interest payments, Bloomberg reported Friday.
October 17, 2008Business
UPS Sets 5.9% LTL Rate Hike for 2009
Business, Government
Consumer Sentiment Index Shows Record Decline
U.S. consumer confidence rose this month compared with August but was down slightly from a preliminary reading two weeks ago, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.
October 17, 2008Government, Business
Housing Starts Fall to 26-Year Low
New home construction fell to a 26-year low in September, the Commerce Department said Friday.
October 17, 2008Business, Safety
Intermodal Traffic Declines for Week
Rail and intermodal traffic declined last week compared with the same week a year ago, the Association of American Railroads said.
October 17, 2008Government, Business
Oil Falls Below $70 a Barrel
Oil prices continued their recent downturn, falling to below $70 a barrel and marking the lowest level in more than a year as worldwide demand continued to contract in the face of economic uncertainty, news services reported.
October 17, 2008Government, Business, Safety, Fuel
Opinion: The Challenges Facing Trucking
People often ask me how it is that, as a farmer, I stumbled into trucking. I grew up involved in the day-to-day operations of my family’s Indiana farm, but in 1972, I decided it was time to devote my energies to agribusiness.
October 17, 2008Government, Business, Safety
USA Truck’s Third-Quarter Income Improves
Truckload carrier USA Truck said Thursday its third-quarter profit jumped to $2.4 million, or 23 cents a share, from $16,000, or zero cents, a year ago.
October 16, 2008Business, Technology, Equipment, Safety
Landstar’s 3Q Profit, Revenue Rise
Truckload carrier Landstar System said late Wednesday its third-quarter profit rose to $32.8 million, or 62 cents a share, from $29.3 million, or 54 cents, a year ago.
October 16, 2008