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Penske Offers to Pay $2 Billion for Rollins
The wave of mergers sweeping through trucking came to the industry’s leasing sector Jan. 15, when No. 2 Penske Truck Leasing announced it will buy No. 3 Rollins Truck Leasing in a $2 billion deal that threatens Ryder System’s position as the nation’s largest full-service leasing company.
January 24, 2001Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Diesel Price Falls 1.1 Cents
The national average price of diesel fuel fell by 1.1 cents a gallon last week to stand at $1.509 a gallon on Jan. 15, the lowest point since late August and the sixth price drop in the past seven weeks reported by the Energy Information Administration.
January 24, 2001N.Y. Port Agency Seeks Big Truck Toll Hikes
Crossing the Hudson River into New York City will take as much as a 75% bigger bite from truckers’ wallets if the Port Authority of New York and New Jersey’s proposed toll increase goes through.
January 24, 2001Truckers Look to Tires In Ongoing Drive to Trim Operating Costs
Air has always been an important factor in maintaining a heavy-duty, over-the-road truck.
January 24, 20012000 Goes Down in History As Second Best for Truck Sales
If Charles Dickens were writing about U.S. Class 8 truck sales in 2000, he might have said: “It was almost the best of years; it was the worst of years.â€
January 24, 2001Labor Mattered in Election, AFL-CIO Official Contends
George W. Bush may have won the 2000 election, but organized labor made its voice heard, securing victories for Vice President Al Gore in Michigan, Pennsylvania, Minnesota and Washington, providing the margin of victory for labor-backed senatorial candidates in at least four states and beating back anti-union referendums in Oregon and Colorado.
January 24, 2001TMC Adds Information Technology to Its Portfolio
Recognizing that information management is a key component of moving freight, the American Trucking Associations Maintenance Council will reorganize to promote integration of advanced communications and logistics technology into the computer systems on a standard truck.
January 24, 2001Cardinal’s Clicklogistics Enters Dot.com Market
An online logistics provider is jumping into a market that has thus far failed to produce any clear winners.
January 24, 2001Yellow’s Regional Consolidation Will Increase Size of Saia Freight
Yellow Corp. will consolidate its regional carriers — distilling them from four into two — to improve service for shippers, generate more profits for shareholders and perhaps attract the attention of investors eager to purchase a large less-than-truckload carrier.
January 24, 2001GAO Criticizes FMCSA On Crash Data Collection
The General Accounting Office issued a report criticizing the Federal Motor Carrier Safety Administration for failing to collect data on accident causes on the same day the agency announced a new truck crash-causation study.
January 24, 2001