Truckload carrier J.B. Hunt Transport Services said late Thursday its third-quarter profit fell 12%, due to higher expenses and lower trucking revenue.
October 12, 2007Business
LTL Fleets Open Talks With Teamsters for New Pact
Contract talks between the Teamsters union and representatives of the nations largest less-than-truckload freight carrier began Oct. 1 with representatives of both sides indicating a desire to secure an early agreement.
October 15, 2007Business, Government
Climate Debate Seen Aiding Larger Trucks
LAS VEGAS Growing concern about global warming will help truckings push for longer and heavier vehicle limits, an issue that may be gaining buoyancy in Congress, ATA President Bill Graves said recently.
October 15, 2007Business, Safety
Daimler Sheds Chrysler Brand, Renames N. American Division
Daimler AG marked the end of its nine-year marriage to Chrysler, dropping the U.S. automaker from its corporate name and renaming Freightliner LLC, its U.S. truck-building subsidiary, Daimler Trucks North America LLC.
October 15, 2007Fuel, Business, Government
U.S. Retail Diesel Average Dips 1.3瞽
The average retail price of diesel fuel fell 1.3 cents last week to $3.035 a gallon, the first decline after five straight increases, the Department of Energy said.
October 15, 2007Business
Pennsylvania Set to Toll I-80
Pennsylvania officials are set to sign lease by Monday to convert Interstate 80 into a toll road, the Pittsburgh Post-Gazette reported Friday.
October 12, 2007Business
U.S. Xpress Execs Complete Share Purchase
Executives of U.S. Xpress Enterprises said Friday they completed their planned purchase of the truckload carrier, for $20.10 per share.
October 12, 2007Business, Government
Retail Sales Rise 0.6% in September
Retail sales rose 0.6% in September, the Commerce Department said Friday.
October 12, 2007Business, Government
Consumer Confidence Dips in October
Consumer confidence declined this month, according to a preliminary monthly report by the University of Michigan, released Friday.
October 12, 2007Business, Government
Business Inventories Edge Up 0.1%
Business inventories rose just 0.1% in August, while sales fell 0.4%, the Commerce Department said Friday.
October 12, 2007