Volvo AB lost $165 million in the fourth quarter, and said it will adapt to lower demand as global truck orders slide, Bloomberg reported.
February 9, 2009Search
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New Jersey, Others Consider Fining Drivers Who Fail to Remove Snow From Vehicles
New Jersey is poised to adopt a law that would fine drivers who fail to clear snow and ice from their vehicle rooftops, while the District of Columbia and Connecticut are taking steps down a similar legislative path.
February 9, 2009Senate Fails to Boost Spending for Highways in Stimulus Bill
The Senate moved toward final passage of its $900 billion stimulus package of spending and tax cuts last week, and despite ongoing efforts, it appeared unlikely a major boost in infrastructure money would be included in the package.
February 9, 2009FedEx Express Opens New China Hub
FedEx Express said Monday it has begun operations at its new Asia Pacific hub in Guangzhou, China, the company’s largest hub outside of the United States.
February 9, 2009ODFL to Increase Rates 5.6%
Less-than-truckload carrier Old Dominion Freight Line said it will increase its base rates by an average 5.6%, beginning next Monday.
February 9, 2009FedEx Freight Cutting 900 Jobs
FedEx Freight, the less-than-truckload unit of FedEx Corp., will cut 900 jobs because of declining demand and aggressive pricing by competitors, Bloomberg reported Monday.
February 9, 2009APU Maker RigMaster Ceases Operations
RigMaster Power Corp., a Canadian manufacturer of auxiliary power units, has ceased all operations, according to a voice message on its telephone.
February 9, 2009Pa. Anti-Idling Law Goes Into Effect
A law limiting the amount of time a truck can idle in Pennsylvania took effect Friday, the Associated Press reported.
February 9, 2009Diesel Drops 2.7¢ to $2.219
Diesel fuel fell 2.7 cents to $2.219 a gallon, continuing a 30-week downward trend and leaving it at the lowest level in nearly four years, the Department of Energy said Monday.
February 10, 2009Unemployment Rate Rises to 7.6%; Payrolls Plunge by Almost 600,000
The U.S. unemployment rate rose to a 17-year high in January, rising to 7.6% from 7.2% in December, the Labor Department said Friday.
February 6, 2009