Western Express, which is planning to purchase Smithway Motor Xpress Corp. said late Thursday it would delay the deal’s closing to October because of recent volatility in U.S. credit markets.
August 31, 2007Business
Western, Smithway Delay Closing
Business, Safety
Rail, Intermodal Traffic Drop
Rail carload and intermodal freight traffic declined from a year ago for the week ended Saturday, continuing a trend this year, the Association of American Railroads said Thursday.
August 30, 2007Business, Safety
Volvo’s North American Deliveries Drop 60%
Volvo AB’s North American units’ deliveries fell more than 60% from a year ago from January through July, the company said Wednesday.
August 30, 2007Business, Safety, Government, Autonomous
NAFTA Trade Gains 5.2%; Truck Trade Dips
Surface trade among the United States, Canada and Mexico was 3.9% higher in June than a year earlier, though truck trade declined, the Department of Transportation said Thursday.
August 30, 2007Business, Logistics, Technology, Equipment, Safety
Ryder to Buy Canadian Leasing Firm
Ryder System said it has reached agreement to buy a privately held Canadian truck leasing company for an undisclosed sum.
August 30, 2007Government, Business, Safety
Groups Sue to Block Mexican-Trucks Plan
Five groups filed suit Wednesday in attempt to block a Department of Transportation pilot program set to allow some Mexican trucks full access to U.S. roads.
August 30, 2007Business
Jobless Claims Rise 9,000 for Week
Initial jobless claims rose by 9,000 to 334,000 last week, the Labor Department said Thursday.
August 30, 2007Business, Fuel
Oil Tops $73 Following DOE Report
Crude oil rose almost $2 to close at more than $73 a barrel Wednesday, a three-week high, following a Department of Energy report that showed oil and gasoline inventories fell more than expected, Bloomberg reported.
August 29, 2007Business, Safety, Government
Transport Topics Online to Close Monday for Labor Day
Transport Topics Online will be closed Monday for the Labor Day holiday. Please check back on Tuesday, Sept. 2, for the latest trucking and freight transportation news.
August 29, 2007Business, Safety, Government, Logistics
Top Drivers Emphasize Safety as NTDC Begins in Minneapolis
MINNEAPOLIS — Some of the nation’s best truck drivers arrived here last week ahead of the 70th annual National Truck Driving Championships to discuss the importance of safety on the nation’s highways and to express their sympathies as the city recovers from the deadly bridge collapse earlier this month.
August 29, 2007