Knight Transportation Inc. said in a Securities and Exchange Commission filing that takeover target USA Truck Inc.’s “recent financial results demonstrate only limited improvement and that its recent share price surge is unsupported by either industry or company specific fundamentals.â€
November 4, 2013Search
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Factory Orders Rise in September
Factory orders increased 1.7% in September, the Commerce Department reported Nov. 4.
November 4, 2013Trucks Involved in Fatal Crashes Rise 3% in 2011, FMCSA Says
The yearly number of large trucks involved in fatal crashes is on the rise again after nearly a decade of declining, according to the most recent data from the Federal Motor Carrier Safety Administration.
November 1, 2013DOT’s Speed-Limiter Proposal to Add Older Trucks, Aide Says
An upcoming federal rule mandating speed limiters on heavy-duty trucks will include the requirement that current vehicles be retrofitted as well as new trucks rolling down assembly lines, according to an official of the National Highway Traffic Safety Administration.
November 4, 2013Diamond, Roberts Truck Dealerships to Merge
Diamond Cos., a holding company for International brand truck and bus dealerships, will merge with Roberts Truck Center, effective Jan. 1, the companies said.
November 1, 2013Congressmen Want to Suspend HOS Restart Changes
A bipartisan trio of House members have introduced a bill to delay the latest changes to the 34-hour restart provision of the hours-of-service rule for truck drivers until a study of the changes is completed.
October 31, 2013Legislation Would Allow Hair Testing Alone for Required Truck-Driver Drug Tests
A senator and a representative from Arkansas have introduced bills that would allow trucking companies to use hair samples to conduct the required pre-employment drug tests on driver applicants.
October 31, 2013Jobless Claims Decline by 10,000 as California Clears Backlog
Jobless claims declined by 10,000 for the week ended Oct. 26 as backlogs in California cleared after a switch in computer systems, Bloomberg News reported.
October 31, 2013Virginia Court Rules Planned Tunnel Tolls Can Proceed
The Virginia Supreme Court ruled Oct. 31 that the state can proceed with plans to begin tolling in February on two existing tunnels between Norfolk and Portsmouth in order to pay for construction of a third.
October 31, 2013Consumer Price Index Rises in September
The consumer price index rose 0.2% in September, the Labor Department said Oct. 30.
October 30, 2013