Truck stop chain Flying J Inc. said Monday it has filed for Chapter 11 bankruptcy reorganization, “to address near-term liquidity needs brought about by the precipitous decline in oil prices coupled with the disruption in the credit markets.â€
December 22, 2008Search
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FedEx Delays Delivery of Air Freighters
FedEx Corp. has delayed delivery of some Boeing Co. 777 freighter planes by as long as 17 months, due to a lag in shipments demand, Bloomberg reported.
December 22, 2008Diesel Drops 5.6¢ to $2.366; Gasoline’s Decline Slows
The national average price of diesel fuel fell 5.6 cents to $2.366 a gallon, while gasoline’s decline slowed to less than a penny, the Department of Energy reported Monday.
December 23, 2008Obama Formally Nominates DOT, Labor Secretaries
President-elect Barack Obama Friday formally named Rep. Ray LaHood (R-Ill.) to be his Transportation Secretary and Rep. Hilda Solis (D-Calif.) to be Secretary of Labor.
December 19, 2008Ryder to Cut 700 U.S. Jobs; Scale Back International Business
Ryder System will scale back its international business and cut 700 U.S. jobs while temporarily laying off 1,425 workers and focusing its operations on the United States, Canada, Mexico and the United Kingdom.
December 19, 2008Snow, Ice Storm Hits Northern Regions
A big winter snow storm moved from the Northwest across the Midwest and on to the East Coast Friday after dumping more than two feet of snow in some areas, the Associated Press reported.
December 19, 2008Diesel, Gasoline Prices Decline
U.S. fuel prices continued their steep three-month declines last week, even as the cartel of oil-producing nations announced a record cut in production in an attempt to lift global oil prices in 2009.
December 22, 2008LaHood Likely DOT Pick
President-elect Barack Obama is expected to name retiring Illinois Republican U.S. Rep. Ray LaHood to be his transportation secretary.
December 22, 2008CARB Adopts Emission Rules; Truckers Decry Added Costs
The California Air Resources Board has adopted two new rules requiring carriers to add expensive emission-control devices to their trucks and to use fuel-saving equipment endorsed by the U.S. Environmental Protection Agency’s SmartWay program.
December 22, 2008Fuel Prices, Recession Make Grim Year for Trucking Industry
The world of trucking was turned upside down and shaken like a snow globe during 2008.
December 22, 2008