Daimler Trucks North America said Tuesday it will discontinue its Sterling Trucks brand in March, eliminate 3,500 jobs and close two North American factories in an effort to streamline operations.
October 14, 2008Business, Government
New York Manufacturing Index Drops to Record Low
Manufacturing growth in New York state declined in October to the lowest level since the index started in 2001, the Federal Reserve Bank of New York said Wednesday.
October 15, 2008Business, Logistics
CSX’s Third-Quarter Income Declines
Eastern freight railroad CSX Corp. reported its third-quarter net income fell from a year ago, but posted record income from continuing operations for the period.
October 15, 2008Business, Government, Safety
Tech Execs Expect Broader Mandates When FMCSA Issues EOBR Final Rule
NEW ORLEANS — The Federal Motor Carrier Safety Administration’s final rule governing electronic onboard recorders may change significantly from the proposal the agency issued in 2007, executives of several technology firms said.
October 14, 2008Business, Safety
Daimler to Drop Sterling Brand, Close Plants in Ontario, Oregon
Business
J.B. Hunt’s Third-Quarter Income Improves
Truckload carrier J.B. Hunt Transport Services said Tuesday its third-quarter net income rose 19% to $60.3 million, or 47 cents a share, from $50.8 million, or 38 cents, a year ago.
October 14, 2008Government, Business
Navistar Unveils New Hybrid Truck
Navistar International Corp. said Tuesday it is unveiling a new hybrid truck, the International DuraStar Hybrid tractor, which it is targeting to general freight haulers and food and beverage distributors.
October 14, 2008Government, Business, Safety
Letters to the Editor: Bailout, Road-Use Tax, LTL Reweighing, Border Projects, Mexican Border
The $700 billion bailout plan (and this is just the beginning) is not for mortgages and homeowners; it’s for mortgage-backed securities. Hedge funds are the main holders.
October 14, 2008Business, Safety
YRC Launches Web Portal for Clients
YRC Worldwide said Tuesday it launched a Web site to make it easier for clients to access its North American divisions.
October 14, 2008Business, Logistics, Government
Gas Plunges 35¢ to $3.31, Lundberg Survey Says
The national average price of regular gasoline plunged 35 cents in the two weeks ended Friday, to $3.31 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
October 14, 2008Business
Trucking Sets Priorities
NEW ORLEANS — Meeting here amid significant economic and political uncertainty, trucking leaders last week continued shaping the industry’s priorities ahead of 2009 federal highway reauthorization negotiations.
October 13, 2008