Nine of the Federal Reserve’s 12 districts reported that economic conditions weakened from late February through early April, and the Fed said record high fuel costs were hurting trucking companies who were struggling to pass on the soaring costs to customers.
April 16, 2008Business
iTECH: Truck Telematics Ripe for Growth, Market Study Says
The market for commercial vehicle telematics in North America may be poised for a second wave of innovation and growth, according to a market study.
April 16, 2008BusinessSafetyGovernment
Lovetro to Become USF Holland’s President, YRC Says
YRC Worldwide unit USF Holland’s president, John O’Sullivan, has left his position and will be succeeded by Keith Lovetro, who leads YRC’s Regional Transportation unit, Bloomberg reported Wednesday.
April 16, 2008BusinessSafetyGovernment
Opinion: Preparing for DOT’s Driver Physical
For most truckers, the U.S. Department of Transportation physical is just an inconvenience, but for some, it can be a major hurdle. Commercial drivers are understandably concerned, because without the Medical Examiner’s Certificate, they would be out of a job.
April 16, 2008BusinessSafetyGovernmentAutonomous
ATA Chairman Kuntz Testifies at Senate Hearing
WASHINGTON — American Trucking Associations Chairman Ray Kuntz asked a Senate committee Wednesday to make fundamental changes to federal surface transportation programs in order to allow the trucking industry to move freight more efficiently.
April 16, 2008GovernmentBusinessSafetyFuel
TMC Chairman Hilton Says Council Will Seek ‘Heavy-Duty’ Service Members
Brent Hilton, the 2008 chairman of the Technology & Maintenance Council, said one of the focuses of his term will be to increase membership among service dealerships that perform essential “heavy-duty” maintenance for trucking.
April 16, 2008BusinessSafetyGovernment
Feds Set to Meet With SoCal Port Officials on TWIC Enrollment
Federal officials and Port of Long Beach, Calif., executives were scheduled to meet privately this week to develop measures aimed at boosting local enrollment for the government’s Transportation Worker Identification program, the Long Beach Press-Telegram reported Tuesday.
April 16, 2008Business
U.S. Industrial Production Rises 0.3%
U.S. industrial production rose 0.3% in March, the Federal Reserve said Wednesday.
April 16, 2008BusinessLogistics
Canadian Factory Shipments Improve
Canadian factory shipments rose twice as quickly as anticipated in February on a jump in automobile production after shutdowns late last year, Bloomberg reported Wednesday.
April 16, 2008BusinessLogistics
CSX Reports Higher 1Q Profit
Eastern freight railroad CSX Corp. said its first-quarter profit rose to $315 million, or 85 cents a share, from $240 million, or 52 cents, in the previous first quarter.
April 16, 2008