Michigan and Canada have signed an agreement to construct the long-awaited second bridge between Detroit and Windsor, Ontario, bypassing the Michigan Legislature, which has for years blocked the project.
June 25, 2012Search
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Used Class 8 Truck Sales Dip in May Low-Mileage Models Remain Scarce
Demand for used heavy-duty trucks remained strong in May, but sales declined due to continued tight inventories of lower-mileage units, ACT Research reported.
June 25, 2012Navistar Sets ‘Poison Pill’ to Block Hostile Takeovers
Navistar International Corp.’s board of directors last week moved to block a potential hostile takeover, as the truck maker tries to restore profitability and awaits Environmental Protection Agency approval for its new 13-liter engine.
June 25, 2012Trucking Shares Outpace Other Transport Equities, Standard & Poor’s 500
Trucking stocks may not have boomed over the past 12 months, but on average, their improvement has outpaced other transportation equities and the stock market as a whole.
June 25, 2012Diesel Drops 5.2¢ to $3.729 After 10th Consecutive Decline
U.S. diesel prices continued their longest slide in 3½ years, as the national average declined 5.2 cents to $3.729 a gallon last week, the Department of Energy reported.
June 25, 2012Mack Eyes Speed Limiters, Idling Curbs to Garner 2014 GHG Emissions Credits
ALLENTOWN, Pa. — Mack Trucks Inc. is likely to use technologies such as speed limiters and idling-reduction devices on its tractors to help its full family of vehicles comply with federal greenhouse-gas regulations set to take effect in 2014, a company official said.
June 25, 2012ATA to Host Trucking Natural Gas Summit Nov. 28-30 in Arlington, Va.
American Trucking Associations said it will host a first-ever national summit on the growing use of natural gas as a fuel for moving freight across the country.
June 25, 2012FedEx’s Quarterly Profits Rise to $634 Mln.On Strong Performance of LTL Division
FedEx Corp. said its fiscal fourth-quarter earnings, excluding a charge for aircraft retirements, rose to $634 million, helped by a 93% increase in operating income at the FedEx Freight segment.
June 25, 2012FedEx’s Quarterly Profits Rise to $634 Mln.On Strong Performance of LTL Division
FedEx Corp. said its fiscal fourth-quarter earnings, excluding a charge for aircraft retirements, rose to $634 million, helped by a 93% increase in operating income at the FedEx Freight segment.
June 25, 2012May Truck Freight Up 4.1%
Truck tonnage continued to grow last month, rising 4.1% from a year earlier despite mounting caution about the U.S. economy’s strength,
June 25, 2012