U.S. intermodal traffic rose 3.5% for the week ended Saturday from a year ago, the Association of American Railroads reported.
November 10, 2011Search
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VW Completes Acquisition of Rival MAN; Seeks to Be Key Player in Global Market
Vehicle manufacturer Volkswagen AG said last week that it completed the purchase of a majority stake of fellow German truck producer MAN SE, opening the way to becoming “a new top player on the global truck market.â€
November 14, 2011Driver Shortage, Tight Fleet Capacity Fuel Growth of Intermodal Shipping
The truck driver shortage and related fleet capacity constraints are driving strong growth in domestic intermodal hauling as carriers and shippers try to ensure they have freight-moving options in the months ahead, industry experts said.
November 14, 2011YRC Net Loss Jumps 26%; CEO Welch Cites ‘Progress’
YRC Worldwide Inc.’s third-quarter operating loss jumped 26% to $23.7 million from $18.8 million a year earlier because of higher expenses.
November 14, 2011Arkansas Voters Approve $575 Million for Highways
Arkansas voters on Tuesday overwhelmingly renewed a $575 million bond program to repair more than 400 miles of interstate highways, the Associated Press reported.
November 9, 2011Wholesale Inventories Dip 0.1% in September
Wholesale inventories dipped 0.1% in September, the first decline since 2009, the Commerce Department said Wednesday.
November 9, 2011Volvo Expects Reorganization of Truck Business to Boost Margin
Volvo AB said its operating margin should eventually grow by 3% as a result of the reorganization of its truck division, Bloomberg reported.
November 9, 2011DOE Boosts Diesel Price Forecast 4¢ to $3.84 a Gallon; Sees Oil Rising to $100 a Barrel
The Department of Energy raised its 2011 diesel price outlook by 4 cents this year and 6 cents in 2012, in tandem with a higher crude oil forecast of $100 per barrel.
November 9, 2011Volkswagen Expands Trucking Reach With Majority Stake in Rival MAN
Volkswagen AG said Wednesday it has completed purchase of a majority stake of fellow German truck producer MAN SE, opening the way to becoming “a new top player on the global truck market.â€
November 9, 2011Senate Committee Approves Two-Year Highway Bill
A key Senate committee Wednesday unanimously approved a two-year highway reauthorization bill, though there is still no plan on how to fully fund the measure.
November 9, 2011