YRC Worldwide lost $255 million, or $3.53 a share, from operations in the second quarter of 2009, down sharply from a year-ago profit of $35.8 million, or 62 cents, 39 cents of which came from a curtailment gain related to pensions.
July 31, 2009Search
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Rule Won’t Require Overhaul of Braking Systems, Experts Say
The National Highway Traffic Safety Administration’s decision to cut the maximum allowed stopping distance for large trucks by 30% will increase truck buyers’ costs somewhat, but will not force a widespread shift to new technology such as air disc brakes, industry groups and manufacturers said.
August 3, 2009
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
U.S. Moves Toward Stiffer Rules to Curb Oil-Market Speculators
The Commodity Futures Trading Commission last week began laying the groundwork for a stronger regulatory hand over oil traders and investors, with a series of hearings and a report on trading patterns that could lead to limits on some purchases of futures contracts.
August 3, 2009June Truck Tonnage Drops 13.6%
American Trucking Associations’ tonnage index declined 13.6% in June from year-ago levels, the biggest such decline since early 1996.
August 3, 2009Diesel Rises 3.2¢ to $2.528
The U.S. average retail diesel price rose 3.2 cents a gallon last week to $2.528, the first increase in five weeks, the Department of Energy reported.
August 3, 2009Intermodal, Rail Traffic Drop for Week
Intermodal rail traffic in the United States fell 17.9% last week compared with the same week last year, the Association of American Railroads said.
July 31, 2009NAFTA Surface Trade Declines In May
Surface transportation trade among the United States, Canada and Mexico fell 35.4% in May from a year earlier, the largest year-to-year drop on record, the Department of Transportation said Thursday.
July 30, 2009MAN’s Profit Plunges 95%
Substantial production cuts did not stop Germany-based truck maker MAN SE’s second-quarter profit from plummeting 95%, Bloomberg reported.
July 30, 2009Norfolk Southern Profit Drops 45%
Norfolk Southern Corp. reported that their second-quarter profit fell 45% from a year ago.
July 29, 2009Navistar Increases Truck Prices $6,000 to $8,000 for 2010 Engines
Navistar said that its exhaust gas recirculation technology will increase International truck prices by up to $8,000 for the 2010 model year.
July 29, 2009