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Moyes' Central Freight Wins Bid for Simon
Trucking entrepreneur Jerry Moyes will keep control of Utah-based Simon Transportation Services, but he will turn it into a division of his Central Freight Lines company rather than maintain it as a publicly traded corporation.
April 9, 2002Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
NHTSA Probing Alleged Volvo Defects
The National Highway Traffic Safety Administration is investigating alleged safety defects in heavy-duty trucks made by Volvo trucks North America between 1998 and 2000.
April 9, 2002Wholesale Inventories Declined 0.7% in February
Inventories at U.S. wholesalers declined 0.7% in February, a bigger drop than expected and the ninth consecutive month companies have made some progress in reducing stockpiles, Bloomberg News reported.
April 8, 2002Driver School Crisis Debated
Trucking officials are split over whether a funding crisis at some driver training schools could trigger driver shortages, or do little harm to an industry that can put plenty of bodies behind the wheel after a long slump in freight demand.
April 8, 2002News Briefs - April 8
Pittsburgh Bridge, Tunnel Renovation Begins • Volvo Ups U.S. Production, Recalls 140 • Levi Strauss to Shut Plants, Cut 3,300 Jobs • New Report Yields Different Result on Alaska Drilling • And more...
April 8, 2002Diesel Price Rises Another 2.8 Cents
The average price of a gallon of diesel fuel continued its week-by-week climb, reaching $1.323 per gallon on Monday – 2.8 cents above last week and 16.9 cents above the price just six weeks ago, as reported by the Department of Energy.
April 8, 2002Economic Picture Still Hazy for Trucking, Railroads
The U.S. freight-hauling sector cannot yet say it has left the recession behind, the latest data show, despite widespread reports that the economy is in a recovery.
April 8, 2002Allied Holdings to Be Delisted by NYSE
The New York Stock Exchange said late Thursday that it is suspending trading in Allied Holdings Inc. and moving to delist the company because it has failed to meet listing criteria.
April 5, 2002Jobless Rate Rose to 5.7% in March
The unemployment rate rose to 5.7% in March from 5.5% the month before, but U.S. payrolls grew 58,000 -- the first rise in eight months, the Labor Department reported Friday.
April 5, 2002News Briefs - April 5
Auto Clubs Say Gas Prices Still on the Rise • Wyoming Study Shows Need for More Truck Parking • Fed's McTeer Not in Rush to Raise Rates • Postal Service Will Close Offices, Journal Says • And more...
April 5, 2002