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March Truck Sales Fall 21%

Heavy-duty truck sales rebounded in March from historic lows the previous two months but were still 21.1% below the results in the same month of 2008.

April 20, 2009

YRC Seeks to Temporarily Fund Pensions with Real Estate Collateral Instead of Cash

YRC Worldwide Inc. said it is negotiating with the Teamsters union and its pension fund representatives to postpone cash payments into the plan and replace them with real estate collateral as part of the company’s ongoing effort to conserve cash.

April 20, 2009

Motor Carriers Well Positioned for Growth over the Next Decade, ATA’s Costello Says

Motor carriers will be well positioned over the next decade to gain business from faster-growing economic sectors such as durable goods, exports and chemical shipments, American Trucking Associations’ chief economist said last week.

April 20, 2009

Privatized Toll Roads Offer Quick Fixes but Pose Long-Term Threats, Study Says

Privatizing toll roads may give cash-strapped states a quick budget fix, but such deals, especially for existing highways, “pose long-term threats to the public interest,” according to a new study by an advocacy group.

April 20, 2009

Most Sterling Dealers Signed Settlement Deals with Daimler Trucks, ATD Board Member Says

Most of the 300 Sterling Trucks dealers in the United States and Canada accepted settlement offers from Daimler Trucks North America after DTNA announced it would shut the brand down, the Sterling board member of the American Truck Dealers said April 9.

April 20, 2009

J.B. Hunt’s First-Quarter Earnings Fall 16%

J.B. Hunt Transport Services Inc.’s first-quarter earnings fell 16% to $30.8 million, providing new evidence of the recession’s effect on carrier profits.

April 20, 2009

Survey Finds Parts Makers ‘A Little More Optimistic’

Companies that manufacture heavy-duty truck parts have become “a little more optimistic” about their industry after the first quarter of 2009, despite the fact that 85% are still experiencing sales declines and only 45% of their customers are paying on time, according a survey by the Heavy Duty Manufacturers Association.

April 20, 2009

Calif. Ports’ Dominance Wanes as Shippers Seek Alternatives

Rising costs for container fees, administrative expenses and environmental requirements in the midst of an economic downturn are causing shippers, importers and retailers to consider alternatives to the ports of Los Angeles and Long Beach for shipping their goods, according to trade association officials.

April 20, 2009

EPA Eyes Greenhouse Gas Regulations

The Environmental Protection Agency said Friday that greenhouse gases could pose a danger to the public health, paving the way for new regulation of vehicles, power plants and factories, Bloomberg reported.

April 17, 2009

Raising the Bar on Service

A few more customers may be peeking into the showroom, but buying volume continues to limp along near 25-year lows, according to the latest report on Class 8 truck sales.

April 20, 2009