Oil rose almost $3 Wednesday to more than $71 a barrel its biggest single-day gain since September following several positive economic indicators, Bloomberg reported.
May 26, 2010Search
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Chinas Dongfeng Motors to Build New Truck Plant
Chinas Dongfeng Motor Group Co. will spend $146 million to build a heavy truck factory in that countrys Hubei province, Bloomberg reported.
May 26, 2010Durable Goods Orders Jump 2.9% in April
Durable goods orders rose 2.9% in April for the fourth gain in five months, the Commerce Department said Wednesday.
May 26, 2010April Orders for New Class 8s Rise 91%, ACT Report Says
New orders for heavy-duty trucks increased 91% in April, from the same month of 2009, ACT Research Co. reported.
May 25, 2010Boyd Bros. Orders 325 Navistar Tractors
Flatbed carrier Boyd Bros. Transportation has ordered 325 trucks with 2010 engines from Navistar Inc., the manufacturer said Thursday.
May 24, 2010Medium Duties Show Fifth Straight Monthly Gain
Retail sales of medium-duty trucks totaled 19,991 units in April, a 7.9% increase from a year earlier, WardsAuto.com reported May 13.
May 26, 2010Opinion: Congress Should Tread Lightly With Brokers
As a former New York Department of Transportation regulator and a current player in the motor carrier transportation industry, I have followed the concerns voiced by members of the Owner-Operator Independent Drivers Association and the Transportation Intermediaries Association, which represents property brokers and other third-party intermediaries.
May 26, 2010Consumer Confidence Rises in May
Consumer confidence grew this month to its highest level since March 2008, the New York-based Conference Board reported.
May 25, 2010LaHood Calls Canadas Bridge Offer Extraordinary
Transportation Secretary Ray LaHood called Canadas offer to pay up to $550 million for the U.S. side of a proposed new bridge between Detroit and Ontario quite extraordinary, the Canadian Press reported.
May 25, 2010Teamsters Reject 15% Wage Cut at ABF
The Teamsters unionsrank-and-file membershiphas rejected a proposed 15% wage cut at ABF Freight System, the two sides said.
May 25, 2010