Western Express, which is planning to purchase Smithway Motor Xpress Corp. said late Thursday it would delay the deal’s closing to October because of recent volatility in U.S. credit markets.
August 31, 2007Search
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ATA Files Hours-of-Service Petition
American Trucking Associations submitted a petition Friday asking the Federal Motor Carrier Safety Administration to retain the 11-hour daily driving limit and 34-hour restart provisions of federal hours-of-service rules for truck drivers.
August 31, 2007Rail, Intermodal Traffic Drop
Rail carload and intermodal freight traffic declined from a year ago for the week ended Saturday, continuing a trend this year, the Association of American Railroads said Thursday.
August 30, 2007NAFTA Trade Gains 5.2%; Truck Trade Dips
Surface trade among the United States, Canada and Mexico was 3.9% higher in June than a year earlier, though truck trade declined, the Department of Transportation said Thursday.
August 30, 2007Volvo’s North American Deliveries Drop 60%
Volvo AB’s North American units’ deliveries fell more than 60% from a year ago from January through July, the company said Wednesday.
August 30, 2007Jobless Claims Rise 9,000 for Week
Initial jobless claims rose by 9,000 to 334,000 last week, the Labor Department said Thursday.
August 30, 2007Ryder to Buy Canadian Leasing Firm
Ryder System said it has reached agreement to buy a privately held Canadian truck leasing company for an undisclosed sum.
August 30, 2007Second-Quarter GDP Grows at 4%
The economy expanded at a 4% annual rate in the second quarter, up from a previous report, the Commerce Department said Thursday.
August 30, 2007Daimler’s Second-Quarter Income Dips
DaimlerChrysler’s second-quarter net income fell 14% after the company took losses from its unprofitable Chrysler division, sold earlier this month, Bloomberg reported Wednesday.
August 29, 2007Mass. Considering Tolls, Rush-Hour Fees, Paper Says
Massachusetts may put tolls on Interstate 93 and toll other state highways during peak travel times, the Boston Herald reported Wednesday.
August 29, 2007