Surface trade among the United States, Canada and Mexico jumped 8.6% in November from a year earlier, the Department of Transportation said Thursday.
January 31, 2008GovernmentBusinessSafetyLogistics
New Border Security Rules Take Effect
New rules for the types of identification that U.S. and Canadian citizens must present to cross into the country took effect Thursday and authorities were optimistic the changes would not cause significant delays, the Associated Press reported.
January 31, 2008BusinessTechnologyEquipmentSafety
Landstar’s Fourth-Quarter Profit Improves
Truckload carrier Landstar System said Thursday its fourth-quarter net income rose to $29 million, or 54 cents a share, from $28.7 million, or 50 cents, a year earlier.
January 31, 2008Business
Old Dominion’s 4Q Income Dips
Less-than-truckload carrier Old Dominion Freight Line said Thursday its fourth-quarter profit dipped to $15.7 million, or 42 cents a share, from $17.8 million, or 48 cents, a year ago.
January 31, 2008BusinessSafety
Halladay Honored with ATA’s Highest Award
American Trucking Associations said Wednesday it honored Bob Halladay with the S. Earl Dove Highway Award for his lifetime of dedication to the trucking industry.
January 31, 2008GovernmentBusiness
Personal Spending Rises at Slowest Pace in Six Months
Consumer personal spending rose at a rate of 0.2% in November, the slowest in six months, the Commerce Department said Thursday.
January 31, 2008Business
Jobless Claims Jump for Week
Initial jobless claims rose to the highest in more than two years for the week ended Saturday, the Labor Department said Thursday.
January 31, 2008BusinessTechnologyEquipmentSafety
ABF, Teamsters Reach Labor Pact
Less-than-truckload carrier ABF Freight System said Wednesday it has reached a tentative collective bargaining agreement with the Teamsters union on a new five-year labor pact.
January 30, 2008Business
Fed Cuts Interest Rate a Half-Point to 3%
The Federal Reserve Wednesday cut the key U.S. interest rate by half a point, to 3%.
January 30, 2008BusinessFuel
Paccar to Use SCR in 2010 Engines
Paccar Inc. said it will use selective catalytic reduction technology, in combination with exhaust gas recirculation, in its Paccar engines for Kenworth and Peterbilt trucks to meet to meet 2010 engine requirements.
January 30, 2008