UPS Inc. said it has scrapped an agreement to carry DHL’s U.S. airfreight, a deal which would have added about $1 billion to UPS’ annual revenue, news services reported.
April 17, 2009BusinessSafety
Motor Carriers Well Positioned for Growth over the Next Decade, ATA’s Costello Says
Motor carriers will be well positioned over the next decade to gain business from faster-growing economic sectors such as durable goods, exports and chemical shipments, American Trucking Associations’ chief economist said last week.
April 20, 2009BusinessSafetyGovernment
Most Sterling Dealers Signed Settlement Deals with Daimler Trucks, ATD Board Member Says
Most of the 300 Sterling Trucks dealers in the United States and Canada accepted settlement offers from Daimler Trucks North America after DTNA announced it would shut the brand down, the Sterling board member of the American Truck Dealers said April 9.
April 20, 2009Business
J.B. Hunt’s First-Quarter Earnings Fall 16%
J.B. Hunt Transport Services Inc.’s first-quarter earnings fell 16% to $30.8 million, providing new evidence of the recession’s effect on carrier profits.
April 20, 2009GovernmentBusinessSafety
As Vehicle Sales Slump, Competition Heats Up
Common wisdom has long maintained that truck dealers make more money from parts and service than from new vehicle sales. But the economic reality today is challenging even that old maxim.
April 20, 2009BusinessGovernment
Stimulus Funds Go Further as Road-Building Costs Drop
Competition among construction firms is sharply reducing the cost of infrastructure projects, allowing states to build and repair more roads and bridges than originally anticipated under the federal stimulus legislation, President Obama said last week.
April 20, 2009Business
EPA Eyes Greenhouse Gas Regulations
The Environmental Protection Agency said Friday that greenhouse gases could pose a danger to the public health, paving the way for new regulation of vehicles, power plants and factories, Bloomberg reported.
April 17, 2009GovernmentBusinessSafetyLogistics
Norfolk Southern Wins Ethanol Depot Ruling
A federal judge ruled that Norfolk Southern Corp. can continue operating an ethanol-transfer station in Alexandria, Va., overruling a local ordinance, Bloomberg reported.
April 17, 2009BusinessGovernment
Consumer Confidence Index Improved in April
U.S. consumer confidence rose this month to the highest level since September, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index released Friday.
April 17, 2009BusinessSafety
Intermodal, Rail Traffic Decline for Week
Intermodal rail traffic fell 24.6% for the week ended Saturday, compared with the same week last year, the Association of American Railroads said Thursday.
April 17, 2009