The Teamsters Union said it negotiated a tentative agreement covering newly organized workers at less-than-truckload carrier USF Reddaway, a unit of YRC Worldwide.
July 23, 2007Business
PeopleNet Promotes Konezny to CEO
PeopleNet Communications’ said Monday that Chief Operating Officer Ron Konezny was promoted to chief executive officer, effective immediately.
July 23, 2007Business
AirIQ Names Willey as Permanent CEO
July 23, 2007
Business
TT 100: Private Equity Alters For-Hire Trucking Landscape
Trucking attracted significant new investment from private equity firms, and many of the top for-hire carriers responded to changing business conditions by moving into new markets, both here and abroad, according to the 2007 edition of the Transport Topics 100.
July 23, 2007BusinessEquipment
June Truck Sales Plunge 57.9%
Class 8 June truck sales plummeted by 57.9% from a year ago to the lowest level since March 2003, when the last sales bust after a regulation-induced pre-buy was ending.
July 23, 2007Business
Con-way to Purchase CFI
Less-than-truckload carrier Con-way Inc. launched a major foray into the truckload sector by reaching an agreement last week to buy Contract Freighters Inc. for $750 million in cash.
July 23, 2007GovernmentBusinessSafety
Court Rejects Hours-of-Service Rule
A federal appeals court last week struck down key provisions of the government’s latest commercial driver work rules, the second time in three years the court has rejected attempts to rewrite the original, 68-year-old regulations.
July 23, 2007FuelBusinessGovernment
Diesel Price Rises 4¢ to $2.889
The average U.S. retail price for diesel fuel reached its highest level since September last week after rising 4 cents to $2.889 a gallon, the Department of Energy reported.
July 23, 2007Business
Caterpillar’s 2Q Earnings Fall; Revenue Hits Record
Heavy equipment and diesel engine manufacturer Caterpillar Inc. said Friday its second-quarter profit plunged 21%, though sales reached a record.
July 20, 2007Business
Heartland’s 2Q Income Declines
Truckload carrier Heartland Express said its second-quarter profit declined 20% to $19.8 million or 20 cents a share, from $24.8 million or 25 cents a year ago.
July 20, 2007