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Freightliner to Reduce ’07 Output, Lay Off 800 at Ontario Plant
Truck maker Freightliner LLC said Tuesday it would cut output and lay off 800 workers early next year at its St. Thomas, Ontario, manufacturing plant, which makes Sterling-brand heavy- and medium-duty trucks.
December 5, 2006Letter to the Editor: Driver Shortage
Click here to write a Letter to the Editor.I would like to explain the so-called “driver shortage” to the executives who keep complaining about that hot-button issue in this newspaper.
December 5, 2006Bridgestone to Acquire Bandag for $1.05 Billion
Tire maker Bridgestone Americas Holding said Tuesday it would acquire tire retreading company Bandag Inc. in a deal worth $1.05 billion, based on cash purchase of Bandag’s stock, at $50.75 per share cash.
December 5, 2006Diesel, Gasoline Each Jump 5.1 Cents for Week
The national average price of diesel rose 5.1 cents to $2.618 a gallon, while gasoline rose by the same amount to $2.297, the Department of Energy said Monday.
December 5, 2006Trucking Company Owner Buys Minn. Truckload Carrier
Ron Have, president and owner of Freightmasters Inc., Eagan, Minn., has purchased Major Transport, an Eagan-based nationwide truckload carrier, from Wayne Hoovestol.
December 5, 2006N.Y. Times Article Criticizes Federal Truck-Safety Oversight
The New York Times criticized trucking industry safety rules in a story published Sunday that the paper said was the first in a series looking at the Bush administration’s deregulation strategy.
December 4, 2006Michigan, Ontario Sign Border Agreement
Michigan and the Canadian province of Ontario have signed an agreement aimed at improving safety and keeping traffic moving across the busy Windsor-Detroit border crossing, the Associated Press reported.
December 4, 2006Trailer Bridge Approved to Trade on Nasdaq Global Market
Trucking and intermodal firm Trailer Bridge said Monday that Nasdaq has approved it to trade on the Nasdaq Global Market, formerly known as the Nasdaq National Market.
December 4, 2006Proposed Texas Toll Road Could Drive Away Truckers
A planned multi-billion dollar toll road in Texas that would recoup its costs by charging tolls may prompt truckers to avoid the highway, the Waco (Texas) Tribune-Herald newspaper reported Monday.
December 4, 2006Gasoline Prices Gain 4 Cents to $2.27, Lundberg Says
Gasoline prices rose 4 cents in the past two weeks to $2.27 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
December 4, 2006