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Frozen Food Express Cites 2Q Loss

Refrigerated carrier Frozen Food Express Industries lost $5.2 million, or 30 cents a share, in the second quarter, compared with net income of $274,000, or 2 cents, a year ago.

August 7, 2009

Unemployment Rate Falls to 9.4%

The U.S. unemployment rate for July unexpectedly fell to 9.4%, from 9.5% in June, the Labor Department said Friday.

August 7, 2009

Teamsters Approve YRC Pay, Pension Cuts

Less-than-truckload carrier YRC Worldwide’s Teamsters union members have approved a 5% wage cut and agreed to allow the company to forego pension plan contributions for the next 18 months.

August 10, 2009

Flying J, Pilot Merger Plan Faces Antitrust Review

After clearing its first legal hurdle in U.S. bankruptcy court, the proposed merger between truck stop operators Flying J Inc. and Pilot Travel Centers is about to undergo a federal antitrust review.

August 10, 2009

ATA Urges Limits on Oil Futures to Prevent Excessive Speculation

The Commodity Futures Trading Commission should create position limits on energy contracts across all trading platforms to protect the trucking industry from excessive speculation in oil futures, a representative of American Trucking Associations testified at recent CFTC hearings.

August 10, 2009

Wabash Reduces 2Q Loss, Gets $35 Mln. in New Capital

Trailer maker Wabash National Corp. lost $17.9 million during the second quarter — an improvement of more than $10 million from the year’s first three months, when it lost $28.3 million — and announced the completion of a deal with a private equity firm that will give it $35 million in new capital.

August 10, 2009

ArvinMeritor Posts $162 Million Quarterly Loss

Manufacturer ArvinMeritor Inc. said it lost $162 million in the April-to-June quarter, while also announcing last week it has found a buyer for its light-vehicle wheels business and has stepped up its marketing effort for truck disc and drum brakes ahead of the government’s new truck stopping-distance rule.

August 10, 2009

Senate Panel Approves Measure Boosting Truck Weights in Maine

Several measures affecting trucking advanced in Congress recently as a key Senate committee ap-proved a bill to allow trucks weighing more than the federal limit on Interstate 95 in Maine, and a bill providing tax incentives for idle-reducing units was introduced in the House of Representatives.

August 10, 2009

Maersk Starts Chassis Fee at N.Y.-New Jersey Port

Maersk Line’s chassis rental fee went into effect at the Port of New York and New Jersey on Aug. 3, and although there were not any freight disruptions, the head of a trade group for drayage haulers said that the rollout could have gone smoother.

August 10, 2009

States Pay for Transportation Costs with Newer Bonding, Loan Programs

Faced with capacity and maintenance limitations and inadequate revenues, states are taking advantage of newer bonding and federally guaranteed loan programs to help underwrite transportation costs, according to a new report.

August 10, 2009