Navistar International Corp. will scale back production and could lay off as many as 500 workers at its Ontario, Canada, truck plant, the Canadian Press reported Thursday.
November 6, 2008Search
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Fuel Prices Continue Plunge
The U.S. retail diesel fuel average dropped 20 cents to $3.088 a gallon last week, the lowest price in more than a year as inventories remained high and demand remained low, the U.S. Department of Energy reported.
November 10, 2008
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Shippers Seek to Cut Costs as Revenue Growth Stalls
Prodded by soaring fuel prices and the contracting economy, shippers have spent most of 2008 trying to pare transportation spending to meet demands by company executives looking for antidotes to stagnant revenue growth.
November 10, 2008Trucking May Face Trade-offs
Barack Obama’s election as president last week could lead to more transportation spending, but at the cost to trucking of more stringent regulations and White House support for labor legislation unfavorable to business, industry officials said.
November 10, 2008Xata’s 4Q, Year-End Losses Narrow
Transportation software firm Xata Corp. said Thursday it lost $373,000, or 5 cents a share, in its fiscal fourth quarter, compared with a loss of $4.5 million, or 57 cents, a year ago.
November 6, 2008Mullen’s Third-Quarter Income Slips
Canadian transportation firm Mullen Group Income Fund said Thursday its third-quarter profit slipped to C$36.2 million, from C$38 million a year ago, while earnings per unit held at 45 cents.
November 6, 2008Third-Quarter Productivity Rises 1.1%
Third-quarter U.S. worker productivity rose 1.1% in the third quarter, the Labor Department said Thursday.
November 6, 2008Intermodal Traffic Declines for Week
Rail and intermodal traffic declined last week compared with the same week a year ago, the Association of American Railroads said.
November 6, 2008Ohio Carriers Protest Hikes in Overweight-Truck Fees
Trucking firms and agriculture interests, along with the City of Toledo, Ohio, are protesting a big hike in state fees for overweight vehicles, the Toledo Blade newspaper reported Wednesday.
November 5, 2008Letters to the Editor: LTL Reweighing; DOE’s Fuel Surveys; TWIC: Why Bother?; Limit Cars, Not Rigs; Goodbye, California
The letter writer who commented on less-than-truckload reweighing in the Oct. 13 issue of Transport Topics has led a sheltered experience in the trucking industry.
November 5, 2008