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FedEx Has Quarterly Profit, Reversing a Year-Ago Loss
FedEx Corp. reported a profit for its fiscal fourth quarter, rebounding from a loss a year ago, as a recovering global economy boosted international express shipments.
June 21, 2010Ruan CEO Named U.S. Chamber’s Vice Chairman
The U.S. Chamber of Commerce elected John Ruan III, chairman and chief executive officer of Ruan Transportation Management Systems, as vice chairman of its board of directors, the group announced June 9.
June 21, 2010Senators Introduce Bill Targeting Fraud Within the Freight Brokerage Business
A pair of U.S. senators introduced legislation last week aimed at curbing fraud by unscrupulous freight brokers.
June 21, 2010LaHood Boosts Funds for Freight Rail; Says Aid Will Also Help Passenger Service
ARLINGTON, Va. — Transportation Secretary Ray LaHood said the Obama administration is spending money on freight rail projects to bolster its push for high-speed intercity passenger rail.
June 21, 2010Advanced Electronics Improve Fuel Economy, Allow for Better Control, More Driver Features
Medium-duty engines over the past decade have gotten a lot smarter, thanks to the advanced electronics developed first in heavy-duty engines.
June 21, 2010FMCSA to Add Miles Traveled to CSA Crash-Risk Calculation
ARLINGTON, Va. — The Federal Motor Carrier Safety Administration, responding to trucking industry concerns, will change the way it Âcalculates a fleet’s crash risk under CSA 2010, said Administrator Anne Ferro.
June 21, 2010Class 8 Truck Sales Up 13.5%
U.S. retail sales of Class 8 trucks topped weak year-over-year comparisons for the fifth straight month in May, this time by 13.5%, WardsAuto.com reported.
June 21, 2010Schneider Sets Hiring Push
Schneider National Inc., the nation’s largest privately held truckload carrier, said that it plans to hire 2,000 more drivers this year — one of the most aggressive hiring drives in its 75-year history and an expansion that by itself would place the company among the 100 largest for-hire trucking fleets.
June 21, 2010Philadelphia Factory Index Declines
Manufacturing levels in the Philadelphia region declined in June but showed expansion, the Federal Reserve Bank of Philadelphia said Thursday.
June 17, 2010Leading Economic Indicators Show Improvement
An index of leading economic indicators rose 0.4% in May, the New York-based Conference Board said Thursday.
June 17, 2010