SAN DIEGO The nations tank truck operators meeting here were encouraged to take advantage of the current economic downturn to prepare for the future, when increasing freight demand will put great stresses on the fleets that survive the harsh times.
May 12, 2009Search
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Opinion: Slow Pay: Trouble in Tough Times
Slower payment of invoices and extended receivables is a troubling business trend of late. Slow pay restricts cash flow and could put carriers out of business even those with otherwise excellent operations. Focused on their core business of moving freight, carriers sometimes overlook key opportunities in the critical business process that follows successful delivery.
May 14, 2009Penske Truck Leasing Hires CEI Group
Penske Truck Leasing Co. has retained accident management firm CEI Group to expand its capabilities for dealing with collision and claims repairs at its 16 North American collision repair centers, Penske said May 4.
May 12, 2009Menlo Expands Relationship With Dana, Adds Curves
Dana Holding Corp. and Menlo Worldwide Logistics said they have expanded their relationship, with the parts manufacturer asking the third-party logistics provider to handle transportation management for its Mexican operations.
May 11, 2009Executive Cites Factors Affecting Trucking, Class 8 Sales
SAN DIEGO A perfect storm of a weak economy, high fuel prices and governmental missteps have led to a 70% drop in new-truck sales in North America, according to Jim Hebe, senior vice president of North American sales for Navistar.
May 12, 2009Obamas NHTSA Pick Withdraws
Chuck Hurley, who President Obama had intended to nominate to head the National Highway Traffic Safety Administration, has withdrawn from the nomination process, the Associated Press reported.
May 12, 2009TravelCenters Reports First-Quarter Loss
Truck stop chain TravelCenters of America said it lost $18 million, or $1.08 per share, in the first quarter, compared with a loss of $48.5 million, or $3.34, a year ago.
May 12, 2009U.S. Trade Deficit Grows
The U.S. trade deficit expanded in March for the first time in eight months, the Commerce Department said Tuesday.
May 12, 2009R.I. Begins Construction of Replacement Highway Bridge
Rhode Island transportation officials said construction has begun on one of two bridges so deteriorated that trucks are limited to 18 tons and two axles.
May 11, 2009Diesel to Average $2.26 This Year, DOE Says
The Energy Department said diesel fuel will average $2.26 a gallon this year, down 4 cents from a previous forecast and well below the $3.80 average oflast year.
May 13, 2009