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Smaller Fleets Seeking Buyers as Strategy to Avoid Bankruptcy
Behind this year’s surge in trucking company failures, brought on largely by the double-whammy of slow freight and skyrocketing fuel prices, is another ominous trend: a sharp increase in the number of motor carriers asking larger competitors to buy them out.
July 21, 2008
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
June Truck Sales Rise 9.5%
Heavy-duty U.S. retail truck sales grew by 9.5% in June, compared with year-ago levels, and ended a streak of 17 consecutive months of contraction, according to the latest survey by WardsAuto.com.
July 21, 2008For-Hire Carriers Endured a Painful Year, But Certain Niches Thrived, TT 100 Shows
It has been a year of retrenchment for most, but not all, of the largest for-hire carriers in the United States and Canada, as fleets scramble to cope with record fuel prices and weak freight demand.
July 21, 2008Philadelphia Manufacturing Index Declines
Manufacturing levels in the Philadelphia region showed contraction in July for the eighth straight month, the Federal Reserve Bank of Philadelphia said Thursday.
July 17, 2008Housing Starts Jump 9.1%; Single-Family ºÚÁϳԹÏÍø Starts Lag
New housing starts surged in June led by more multifamily construction, but single-family home starts fell, the Commerce Department said Thursday.
July 17, 2008Business Inventories Rise 0.3%
Business inventories rose 0.3% in May, the Commerce Department said Tuesday.
July 15, 2008June CPI Jumps 1.1%; Increase Is Biggest in 26 Years
Consumer prices jumped 1.1% in June, the biggest monthly increase in 26 years, the Labor Department said Wednesday.
July 16, 2008NHTSA Chief Nicole Nason to Step Down in August
Nicole Nason, administrator of the National Highway Traffic Safety Administration, told Transportation Secretary Mary Peters she plans to leave the agency in August, the Associated Press reported.
July 17, 2008Port of Los Angeles Opens Third TWIC Signup Center
To boost lagging enrollments in the Transportation Worker Identification Credential program at Southern California ports, the Port of Los Angeles has opened a new enrollment center close to the adjacent Port of Long Beach.
July 15, 2008Retail Sales Gain 0.1% in June
Retail sales improved 0.1% in June, the Commerce Department said Tuesday.
July 15, 2008