UPS Inc. said it expects its $6.3 billion acquisition of TNT Express NV will close in the fourth quarter, from an earlier projected Aug. 31 date, due to more time for review by European regulators.
July 16, 2012Search
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Retail Sales Fall 0.5% in June
Retail sales declined 0.5% in June, the Commerce Department said Monday.
July 16, 2012Diesel Rises 1.2¢ to $3.695; Gasoline Gains for Second Week
Diesel rose for the second week in a row, rising 1.2 cents to $3.695 a gallon while gasoline also increased, the Department of Energy said.
July 17, 2012Trucking, Business Groups Form Coalition to Oppose Toll Hikes on N.Y. Thruway
Twenty-two business groups have formed a coalition to oppose the 45% toll increase for trucks proposed by the New York State Thruway Authority.
July 17, 2012OOIDA Sues FMCSA Over Driver Database
The Owner-Operator Independent Drivers Association said Monday it has filed suit against the Federal Motor Carrier Safety Administration regarding FMCSA’s pre-employment screening program and appeal process.
July 17, 2012J.B. Hunt’s 2Q Income Improves
J.B. Hunt Transport Services said its second-quarter net income rose from a year ago as operating income at three of its four business segments each rose more than 20%.
July 17, 2012E&MU: EGR Cooling Issues Vex Fleets
The coolers at the heart of exhaust gas recirculation systems that have been present on diesel truck engines since 2002 have been failing at a worrisome rate, according to several fleet managers.
July 16, 2012Peterbilt Begins Building Model 579
Peterbilt Motors Co. on July 10 announced it is now producing its new Model 579 truck, launched at the Mid-America Trucking Show in March.
July 18, 2012Senate Nixes Bonus Depreciation Bill
The Senate has rejected a bill that would have brought back the bonus depreciation tax deduction for capital spending, a proposal backed by American Trucking Associations.
July 17, 2012ATA Holds Video Contest for Truck Driver Appreciation Week
American Trucking Associations is holding a video contest to celebrate National Truck Driver Appreciation Week, Sept. 16-22.
July 13, 2012