YRC Worldwide and Teamsters union leaders reached a tentative agreement on a 10% pay cut for union employees to help reduce costs, Bloomberg reported late Wednesday.
December 4, 2008Search
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Diesel Prices Continue to Fall
Diesel fuel prices continued to slide last week, with the U.S. average falling 4.9 cents to $2.615 a gallon, according to the Department of Energy.
December 8, 2008Transmissions: Automatics, AMTs Offer Fuel Savings, Lower Maintenance Costs, Fleets Say
Automatic and automated manual transmissions originally gained popularity in this decade as a driver-recruiting tool. Many manufacturers and fleets said they offered the additional benefits of increased fuel economy and lower maintenance costs.
December 8, 2008FMCSA Issues Medical Rule Requiring Proof of Certification
The Federal Motor Carrier Safety Administration last week issued a final rule requiring all interstate truck drivers to prove they have passed medical examinations and proposed a separate rule setting up a national registry of qualified examiners.
December 8, 2008Union Offers YRC Savings
The Teamsters tentatively agreed to a 10% wage cut to help YRC Worldwide Inc. cope with the recession as part of a package that, among other things, requires YRC to give the union a 15% stake in the less-than-truckload carrier.
December 8, 2008Dynamex’s Fiscal 1Q Earnings Decline
Logistics and delivery firm Dynamex Inc. said Thursday its fiscal first-quarter profit fell to $3 million, or 30 cents a share, from $4 million, or 39 cents, a year ago.
December 4, 2008October Factory Orders Fall 5.1%
U.S. factory orders fell 5.1% in October, the most in eight years, the Commerce Department said Thursday.
December 4, 2008Unemployment Claims Rise to 26-Year High
First-time unemployment claims fell but continuing claims rose to a 26-year high last week, the Labor Department said Thursday.
December 4, 2008Rail, Intermodal Traffic Fall in November
Rail and intermodal traffic fell sharply in November from a year ago, the Association of American Railroads said.
December 5, 2008Pilgrim's Pride Files for Bankruptcy
Poultry producer and transporter Pilgrim’s Pride Corp. has filed for Chapter 11 bankruptcy protection, Bloomberg reported.
December 3, 2008