March 20, 2014 - Industry News
A new U.S. Transportation Department repot shows three of the five surface transportation modes, truck, rail and pipeline, carried more U.S. trade with North American Free Trade Agreement partners Canada and Mexico by value in 2013 than compared to the year before.
Tags: Canada, Economy, Cross-Border Trucking, Mexico, Surface Trade
Bridgestone Americas Tire Operations has promoted Kurt Danielson to president, U.S. & Canada Commercial Tire Sales. In addition to his new position he also will assume the role of senior vice president, Bridgestone Americas.
Tags: Firestone, Leadership, Bridgestone, Tires, People
UPDATED -- Rising prices and severe winter weather caused existing-home sales to slip in February to its lowest level since July 2012 while the outlook for the overall American economy is improving.
Tags: Economy, Home Sales, Leading Economic Indicators
The U.S. Equal Employment Opportunity Commission and the U.S. Federal Trade Commission have co-published two technical assistance documents explaining how the agencies' respective laws apply to background checks performed for employment purposes.
Tags: Drivers, Regulations, Background Checks, Fleets, Employment
March 19, 2014 - Industry News
The investment holding company Biglari Holdings has acquired trucking insurance provider First Guard Insurance Co. and its affiliate, 1st Guard Corp.
Tags: Insurance, Mergers & Acquisitions
A truck driver pleaded guilty in federal court on Wednesday for his role in a cargo theft ring that included a theft in West Plains, Mo.
Tags: Drivers, Crime & Fraud, Cargo Theft
The U.S. Federal Reserve on Wednesday announced it would further reduce a stimulus program for the nation’s economy and is leaving interest rates unchanged.
Tags: Economy, Federal Reserve
This happened as total load volume on the spot market increased 7.2% with truck capacity up by 6.4%.
Tags: Freight, Spot Freight, DAT Transcore
The combined company will be one of the largest third-party logistics service providers in North America.
Tags: Fleets, Access America, Mergers & Acquisitions, Coyote Logistics
South Carolina-based expedited trucking company Nations Express has opened a new truckload division.
Tags: Drivers, Fleets, Nations Express
The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration announced that it has ordered the immediate shut-down of two trucking operations carriers, each for disregarding federal safety regulations and putting their companies’ own drivers and the public at risk.
Tags: DOT, FMCSA, Drivers, Safety & Compliance, Regulations
Revenue was $11.3 billion, up 3% from $11 billion the same time a year ago, while net income totaled $378 million, up 5% from last year’s $361 million or $1.23 per share compared to $1.13 per share.
Tags: Fleets, Earnings, FedEx
In a move to clarify enforcement practices, the Federal Motor Carrier Safety Administration is changing the definition of weight in single-unit trucks that are towing a trailer.
Tags: FMCSA, Truck Weights, Enforcement, Safety & Compliance, Regulations
March 18, 2014 - Industry News
Benchmarking ProjectMcLeod Software and Katz, Sapper & Miller have come together to create a joint project to provide an operations level benchmark for the trucking industry. This initiative seeks to break new ground in giving truckload carriers the opportunity to measure the real performance of their operations against their peers.
Tags: Benchmarking, McLeod Software, KSM
The Schneider logo has been refreshed and has a more contemporary design that accurately reflects the broad geographies it serves. The company’s previous logo had been in existence since 1985, which positioned the organization well at the time.
Tags: Schneider, Fleets
The American Trucking Associations' For-Hire Truck Tonnage Index performed better in February after plunging 4.5% in January, but weather was still a factor in the numbers.
Tags: ATA, Truck Tonnage, Freight, American Trucking Associations
The U.S. Labor Department reports the Consumer Price index increased 0.1% in February from the month before, the smallest hike since last October, while gaining just 1.1% over the last 12 months.
Tags: Economy, Freight, Home Starts, Inflation
March 17, 2014 - Industry News
To respond to the increasing number of women choosing careers as professional truck drivers and to inspire more women to consider the transportation industry as a career, Ryder System, announced a partnership with Women In Trucking, a non-profit organization established to encourage the employment of women in the trucking industry.
Tags: TMC, Ryder System, WIT, Women in Trucking, NTRB
Con-way Freight has become the latest less-than-truckload carrier to announce it is increasing rates. It will institute a general rate hike, averaging 5.4%, applicable to non-contractual business, effective March 31.
Tags: Con-way Freight, Fleets, Freight Rates
Late last week the Senate unanimously approved H.R. 4076, which extends these waivers through the end of May.
Tags: FMCSA, Regulations, Congress, Hours of Service, HOS, President Obama, Propane
Manufacturing increased 0.8% compared to the month before, nearly erasing a 0.9% decline in January, which the Fed attributed to extreme weather.
Tags: Economy, Industrial Production, Freight
More details have started to emerge about which trucks models are included in a recall announced earlier this month in which more than 25,000 Cummins and Cummins Westport natural gas powered engines are being recalled.
Tags: Navistar, Freightliner, Sterling, Peterbilt, Recalls, Engines, Daimler Trucks North America, Cummins Westport, Navistar International, Kenworth, Cummins, Paccar, Natural Gas
Asset-light trucking company, Roadrunner Transportation Systems, has acquired all of the outstanding stock of Unitrans International, a non-asset based provider of international logistics solutions based in Los Angeles, Calif.
Tags: Fleets, Roadrunner Transportation, Mergers & Acquisitions
March 14, 2014 - Industry News
UPS Freight will implement a general rate increase effective March 31. The 4.4% increase applies to non-contractual less-than-truckload shipments rated on the current UPS Freight tariffs.
Tags: Fleets, UPS Freight, Freight Rates
Prices at the wholesale level fell in February, according to a U.S. Labor Department report released Friday, leaving little worry that inflation is a problem.
Tags: Economy, Consumer Confidence, Producer Prices
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