Parcel carrier FedEx on Friday cut its second-qaurter and full-year earnings forecasts, citing skyrocketing diesel prices and a weak LTL environment.
November 16, 2007Search
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Navistar, UAW Set to Resume Talks
Navistar International Corp., the parent of truck maker International Truck and Engine, will resume talks with the United Auto Workers union on Nov. 26, amidst a continuing strike, the Chicago Sun Times reported Thursday.
November 15, 2007Navistar, UAW Set to Resume Talks
Navistar International Corp., the parent of truck maker International Truck and Engine, will resume talks with the United Auto Workers union on Nov. 26, amidst a continuing strike, the Chicago Sun Times reported Thursday.
November 15, 2007Navistar, UAW Set to Resume Talks
Navistar International Corp., the parent of truck maker International Truck and Engine, will resume talks with the United Auto Workers union on Nov. 26, amidst a continuing strike, the Chicago Sun Times reported Thursday.
November 15, 2007UP to Increase Dividend
Union Pacific, the largest U.S. freight railroad, announced it is increasing the quarterly dividend it pays to investors.
November 15, 2007Intermodal Traffic Falls for Week
Rail traffic in the week ended Saturday increased compared with the same week a year ago, but intermodal traffic slipped, the Association of American Railroads said.
November 16, 2007Daimler Cites Progress on 'Green' Trucks, Buses
STUTTGART, Germany – The world’s largest commercial vehicle maker last week said it is moving ahead with a host of projects to develop less-polluting trucks and buses, but warned that governments and oil companies must cooperate if these products are to become commercially viable.
November 19, 2007UPS Executive Urges Shippers To Back Taxes for Infrastructure
ATLANTA — UPS Inc.’s incoming chief financial officer told shippers here what freight carriers have long heard: The U.S. transportation network is so clogged — and getting worse — that Congress must create an infrastructure improvement plan and pay for it with dedicated taxes on the system’s users.
November 19, 2007Class 8 Truck Sales Drop 53.1% In Oct. on Weak Freight Market
Heavy-duty retail truck sales in the United States fell 53.1% in October, the sixth straight month in which sales fell 50% or more below 2006 levels, according to WardsAuto.com.
November 19, 2007Diesel Jumps to $3.425
U.S. diesel fuel prices rose another 12.2 cents last week to $3.425 a gallon, the second consecutive record high and the eighth increase in the past nine weeks, the Department of Energy said.
November 19, 2007