The Department of Transportation’s freight transportation services index fell year-over-year in July by the most in 20 years, but showed an increase from June, DOT said Thursday.
September 10, 2009Search
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Small Fleets, Owner-Operators Still Struggle
Owner-operators and small fleets haven’t seen any sign of a freight demand or price recovery, but those who survived said they have done it through hard work, perseverance and bold decisions such as expanding a fleet even as the recession hit.
September 14, 2009
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
New Penn Teamsters Accept Pay Cut, Pension Givebacks at YRC in 2nd Vote
Teamsters at YRC Worldwide Inc.’s New Penn regional trucking subsidiary approved a 5% wage cut and pension givebacks in a second vote on those concessions to help the parent company cope with mounting losses and dwindling freight volumes.
September 14, 2009Trucking Groups Ask FMCSA for More UCR Comment Time
Less than a week after the Federal Motor Carrier Safety Administration proposed more than doubling registration fees for motor carriers and brokers, American Trucking Associations and several other groups urged the agency to extend its short 15-day comment period.
September 14, 2009Diesel Average Dips 2.7¢
The average retail price of U.S. diesel dipped 2.7 cents to $2.647 a gallon, breaking a string of six small weekly increases that began in mid-July, the U.S. Department of Energy reported.
September 14, 2009‘Sporadic’ Used Truck Gains Encourage Class 8 Dealers
While sales of new Class 8 trucks continue to languish, several used truck dealers said they have noted recent “sporadic” increases in business that they believe could signal a market bottom. However, they added that financing problems were restricting sales.
September 14, 2009U.S. Trade Gap Widens in July
The U.S. trade deficit widened 16% in July, the most in more than a decade, the Commerce Department said Thursday.
September 10, 2009Intermodal Traffic Sees Slight Gain
Intermodal rail traffic in the United States increased 0.2% last week from the same week a year ago, the Association of American Railroads said in its weekly report.
September 11, 2009NTSB Bans Employee Cell Phone Use While Driving
The National Transportation Safety Board has instituted a policy banning texting and talking on cell phones by its employees while they are working, the Associated Press reported.
September 9, 2009Economy Shows Improvement, Fed ‘Beige Book’ Says
The U.S. economy showed signs of stabilization in late July and August, though trucking and transportation industry reports were mixed, the Federal Reserve said Wednesday.
September 9, 2009