Truckload carrier U.S. Xpress Enterprises said Friday it will report a first-quarter loss next week on declining freight demand and rising fuel costs.
April 13, 2007Business, Government, Safety, Autonomous
IRS Says Fleets Face Sanctions
IRS officials told trucking executives that motor carriers must account properly for driver per-diem expenses or risk losing the tax-exempt status of the plans.
April 16, 2007Business, Government
Corrosion Takes Increasing Toll on Fleets, Trailers
What cigarettes are to smokers, corrosion is to highway trailers.
April 16, 2007Business, Fuel, Government
Diesel Gains 5瞽 to $2.84 a Gallon
The average price of U.S. retail diesel fuel climbed another 5 cents last week to $2.84 a gallon, reaching a seven-month high, and the Department of Energy warned that prices are unlikely to fall anytime soon.
April 16, 2007Business, Fuel
U.S. Xpress to Report 1Q Loss
Business, Fuel, Government
March Producer Prices Rise 1%
The producer price index rose 1% in March, the Labor Department reported Friday. The core PPI excluding food and energy was unchanged.
April 13, 2007Business, Safety
Intermodal Traffic Falls Again
Rail and intermodal traffic declined last week compared with a year earlier, continuing a trend over the past month, the Association of American Railroads said Thursday.
April 12, 2007Business, Fuel, Government
UPS Signs China Air Pact
UPS Inc. and the Shanghai, China, Airport Authority signed an agreement Thursday that is a step toward construction of an air hub at the Shanghai airport.
April 12, 2007Business, Logistics
CN Workers Begin Strike
Canadian National Railway Co.s 2,800 union conductors and yard workers began rotating strikes Wednesday after rejecting a proposed one-year contract, Bloomberg reported.
April 12, 2007Business, Government
Import Prices Rise 1.7%
The price of goods imported to the United States rose 1.7% in March, the Labor Department reported Thursday.
April 12, 2007Business, Safety, Government, Logistics
Exec Downplays Rail Takeovers
Norfolk Southern Corp. Chief Executive Officer Charles Wick Moorman told the Surface Transportation Board that buyout firms probably will not try to acquire major U.S. railroads because of opposition by rail management, Bloomberg reported.
April 12, 2007