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iTECH: Load Board Scams Bilk Fleets

Truckers and freight brokers who use freight-matching Internet load boards would do well to remember that in cyberspace, things are not always as they appear.

August 8, 2011

Post Office Loses $3.1 Billion in Third Quarter

The U.S. Postal Service said it lost $3.1 billion in its fiscal third quarter ended in June, compared with a $3.5 billion loss a year ago.

August 8, 2011

Exxon, Shell Post Higher 2Q Profits

The world’s two largest oil companies reported multi-billion-dollar second-quarter profits, up from a year ago, on higher crude oil prices.

August 8, 2011

FedEx Freight Sets 6.75% Rate Increase

FedEx Freight, the less-than-truckload unit of FedEx Corp., said Monday it will implement a 6.75% general rate increase, effective Sept. 6.

August 8, 2011

Oil Falls to Near $83 a Barrel

Oil fell to an almost eight-month low near $83 a barrel in early trading Monday, following Friday’s downgrade of a U.S. credit rating, Bloomberg reported.

August 8, 2011

Diesel Falls 4¢ to $3.897 in Second Decline; Gasoline Drops for First Time in Six Weeks

Diesel declined for a second straight week, dropping 4 cents to $3.897 a gallon, while gasoline slipped for the first time in six weeks, the Department of Energy said Monday.

August 9, 2011

Daimler Downloads TruckerNet for BlackBerrys

Daimler Trucks North America has announced the availability of its TruckerNet commercial driver support application for BlackBerry devices.

August 8, 2011

Trucking Supports FMCSA’s 5-Year Plan, But Wants More Focus on Car Drivers

The Federal Motor Carrier Safety Administration’s 5-year strategic plan that would extend its regulatory reach to include shippers, brokers and receivers appears to generally have support from the trucking industry, but faces opposition from industries that could face greater scrutiny.

August 8, 2011

Used Trucks Become Scarce; Prices and Mileage Increase

The scarcity of low-mileage used Class 8 trucks has gotten worse, pushing prices nearly 25% higher than what comparable vehicles cost last year, dealers and market analysts said.

August 8, 2011

Panel May Postpone 2012 EOBR Mandate

A plan by federal regulators to issue a final electronic onboard recorder mandate in June 2012 potentially could be delayed because an advisory committee may not be able to resolve technical issues until the end of this year, the chairman of the group said.

August 8, 2011