Con-way, Inc. said it has formed a multimodal unit to focus on expanding truck brokerage and offer a broader range of services to its customers.
August 7, 2008Search
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Diesel Drops 10.1¢ to $4.50 a Gallon
The cost of retail diesel fell another 10.1 cents last week to $4.502 a gallon, the third-straight weekly decline in the national average that has cut 26.2 cents from trucking’s main fuel, the U.S. Department of Energy said.
August 11, 2008Warehousing: Fleets Acquire Storage Space to Expand Role in Supply Chain
The cost advantage offered by shipping direct and avoiding paying for warehousing and inventory is dwindling, possibly forever, as the price of fuel rises. As a result, more carriers have started looking at warehousing to play a larger role in the logistics process.
August 11, 2008Large TL Fleets Shed Longhaul to Seek More Regional Freight
Large truckload fleets are gaining business by shifting from marginally profitable longhaul lanes to regional trucking, which in turn is forcing smaller carriers with fewer resources to fight for that longhaul business, industry experts said.
August 11, 2008Trucking Bankruptcies Double; 1st-Half Capacity Loss Is 4.5%
Trucking company bankruptcies more than doubled in the second quarter, soaring 118% from last year as high fuel prices pushed 970 U.S. carriers out of business, a leading industry analyst said.
August 11, 2008Jobless Claims Reach Six-Year High
Initial jobless claims rose last week to the highest level in six years, the Labor Department said Thursday.
August 7, 2008Ryder to Acquire Gordon Truck Leasing
Ryder System said late Wednesday it will acquire Philadelphia-based Gordon Truck Leasing. Terms were not disclosed.
August 7, 2008Navistar, American LaFrance Set Vocational Truck Venture
Truck and engine maker Navistar International Corp. said it will jointly develop and build cabover vocational trucks with American LaFrance LLC.
August 7, 2008Express-1 Reports Higher 2Q Earnings
Express-1 Expedited Solutions said Thursday its second-quarter earnings rose to $774,000, or 3 cents a share, from $754,000, or 2 cents, a year ago.
August 7, 2008EPA Denies Texas’ Request on Alternate Fuels
The head of the Environmental Protection Agency said Thursday that the agency was denying a request by the state of Texas to cut the amount of ethanol required in U.S. gasoline supplies by 50% over the next year.
August 7, 2008