Less-than-truckload carrier YRC Worldwide plans to ask for $1 billion in federal bailout money to help relieve its pension obligations, the Wall Street Journal reported Friday.
May 15, 2009Search
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April Consumer Price Index Unchanged
The consumer price index was unchanged in April, though prices excluding food and fuel rose, the Labor Department said Friday.
May 15, 2009New York Manufacturing Index Improves
Manufacturing activity in the New York region contracted the least since August this month, the Federal Reserve Bank of New York said Friday.
May 15, 2009Letters: Facing Core Changes, After the Recession, Safety Hotlines
I have just finished reading the article Trucking Faces Core Changes, Hebe Says. I am not usually a man of few words, but the only thought that comes to mind at the moment is hogwash!
May 18, 2009The Half-Full Glass
Ever so slowly, less-bad economic news and even some good news is beginning to pop up among the seemingly never-ending crop of troubling news that you have been seeing in this newspaper every week for about a year.
May 18, 2009Some Flatbed Fleets See Gains, But Demand Remains Anemic
Some flatbed carriers said they are seeing scattered volume growth, although weak housing, construction and steel markets continue to dampen demand in the trucking sector that has been hit hardest by the recession.
May 18, 2009Trucking Hit by Perfect Storm, Hebe Says
SAN DIEGO A perfect storm of a nose-diving economy, high fuel prices and governmental missteps have all combined to ravage the trucking industry and the companies that supply its equipment, according to Jim Hebe, senior vice president of North American sales for Navistar Inc.
May 18, 2009YRC in Talks With Lenders
YRC Worldwide Inc. said last week it was talking with lenders about a possible third renegotiation of its credit agreement, and that it had deferred almost $40 million in pension-fund payments.
May 18, 2009Congress Seen Taking Lead On Transport Policy, Not DOT
The debate over future surface transportation policy is likely to be directed by Congress, rather than the Obama administration, several industry lobbyists said following the recent release of nu-merous documents.
May 18, 2009Volvo Backs Use of Longer, Heavier Trucks
BOSTON Volvo Trucks joined the argument over allowing longer, heavier trucks on U.S. highways, saying Congress should allow them on the interstate system to relieve congestion, increase productivity, conserve fuel and cut greenhouse gas emissions.
May 18, 2009