Volvo AB reported a fourth-quarter profit, boosted its 2011 truck-delivery forecast by 10% and said is considering assembling heavy trucks in China.
February 4, 2011Search
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Design, Maintenance of Key Components to Be Focus of TMCs Meeting in Tampa
Many of the maintenance professionals who keep U.S. truck fleets running smoothly will focus their attention on wider dissemination of the motor freight industrys recommended engineering practices at the Technology & Maintenance Councils annual meeting in Tampa, Fla.
February 7, 2011Strong Used-Truck Sales Gains Creating Shortage, Dealers Say
Customers bought used Class 8 trucks at such a fast pace last year that they swept dealer lots nearly clean, triggering shortages expected to last for several years and pushing prices up as much as 30%, according to dealers and analysts.
February 7, 2011Tire Manufacturers Boost Prices as Rubber, Oil Costs Increase
Truck tire manufacturers have raised prices up to 12% in recent weeks, citing materials costs, while concern is mounting about future supplies after the sudden rise in new tractor and trailer sales.
February 7, 2011U.S. Seeks EOBR Mandate
The Federal Motor Carrier Safety Administration last week proposed requiring nearly all interstate commercial motor carriers to install electronic data recorders to monitor their drivers hours-of-service compliance.
February 7, 2011Unemployment Rate Falls to 9%; Trucking Adds 3,200 Jobs
The U.S. unemployment rate fell to 9% in January, the lowest in almost two years, from 9.4% in December, the Labor Department said Friday.
February 4, 2011YRC Worldwide Reports Fourth-Quarter Profit
YRC Worldwide Friday reported fourth-quarter net income of $23.1 million, or 49 cents per share, though it lost $322 million, or $8.13 per share, for the full year.
February 4, 2011Echo Global Adds Software to Help Major Customers
Echo Global Logistics has announced plans to introduce new transportation management software that is tailored to the needs of large shippers who do not have their own systems.
February 7, 2011Pitt Ohio Rebrands Company to Stress Broader Services
Pitt Ohio is rebranding the freight company to emphasize its broad range of services by dropping the word Express from its name and adding a new logo.
February 7, 2011Concern Over Tire Prices, Supply
There were more signs of the trucking industrys resurgence last week, as a number of publicly-held fleets reported improved earnings, while analysts said trailer and used trucks sales surged during 2010.
February 7, 2011