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News Briefs - Oct. 14
OPEC President Doubts Bali Bomb Will Hurt Oil Demand • Eaton Signs New S.A. Contracts • Airborne Earnings Fall Below Expectations • Longer Work Week Signals New Hiring, O'Neill Says • And more...
October 14, 2002Caterpillar to Shutter Facilities, Lay Off Employees in 4Q
Caterpillar Inc. said Monday that due to lower demand for heavy-duty truck engines, it will temporarily shut several plants and lay off about 3,000 people during the fourth quarter.
October 14, 2002Technology Briefs - Oct. 8 - Oct. 14
DOT Offers Online Rulemaking Report • NEXIQ Files for Chapter 11 • Michelin Calls New Tire System Unique •
October 14, 2002ATA President Offers Suggestions for Ports
A temporary suspension or liberalization of federal hours-of-service rules for truck drivers could help in the effort to clear away the backlog at West Coast Ports, the president of the American Trucking Associations suggested Friday.
October 14, 2002Supreme Court Hears Challenge by Yellow to Michigan License Fee
WASHINGTON — Yellow Transportation took to the U.S. Supreme Court its fight to be repaid $500,000 in trucking fees it says Michigan illegally collected.
October 14, 2002Trucking Company Says GPS Saved Stolen Trailers
Maryland and Delaware State Police combined to thwart an alleged cargo theft ring last week after a trucking company owner reported that two trailers equipped with tracking technology had been stolen from his lot.
October 14, 2002Drops Seen in Retail Spending, Confidence, Prices
etail spending dropped 1.2% in September, the Commerce Department reported Friday, although the movement is up 0.1% if auto sales are disregarded.
October 11, 2002News Briefs - Oct. 11
Layoffs Could Trigger New Recession, Economic Group Says • Gasoline Prices Continue Decline in West • Top Officers Bid to Buy Landair • Port Closure Cuts Intermodal Total •
October 11, 2002Carriers and Teamsters Begin National Freight Contract Talks
WASHINGTON — The less-than-truckload industry and the Teamsters kicked off negotiations Oct. 8 over a new labor pact, with the union searching for more health and pension benefits and higher wages and management saying it needed greater flexibility to delve into new types of businesses.
October 11, 2002Less Capacity, More Demand Allow Truckload Rate Increases
Shrinking truckload capacity in some parts of the country, along with an uptick in demand, is giving motor carriers room to raise their freight rates, trucking executives and analysts said.
October 11, 2002