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Air cargo transporter Kitty Hawk Inc. said it and its subsidiaries will immediately cease all scheduled network air and ground operations, though will continue to operate air cargo charter operations.

Canadian Pacific Railway said it earned C$218.6 million or C$1.41 a share, up from $163.8 million or C$1.04 a year earlier.

U.S. consumer confidence fell in October, the New York-based Conference Board said Tuesday.

I have always found it amazing in my 20 years in this industry that the federal and state governments try to pigeonhole every driver into the same rules.

OPEC said current record crude oil prices do not reflect the group’s objectives and that oil is not likely to reach $100 a barrel soon, Bloomberg reported Tuesday.

ORLANDO, Fla. — John Hill, head of the Federal Motor Carrier Safety Administration, suggested the 2009 highway reauthorization package could include a mandate for fleets to install safety technology on their trucks, regardless of who wins the next presidential election.

YRC Worldwide Chairman and Chief Executive Officer Bill Zollars said he sees no sign that a yearlong slump in U.S. trucking will ease, Bloomberg reported.

The United Auto Workers narrowly approved a proposed contract with Chrysler LLC, Bloomberg reported.

ORLANDO, Fla. — Trucking executives going through a recession in their industry heard predictions that more hard times for them lay ahead in politics and the economy, but remained optimistic and prepared to take an active role in shaping their future.