October 17, 2014 - Industry News
Residential construction in the U.S. has rebounded but remains volatile, hitting an annual rate of just more than 1 million units for only the third time this year in September, according to the U.S. Commerce Department.
Tags: Housing Starts, Economy, Consumer Sentiment, Home Building
Driver turnover in the truckload sector continues to get worse, according to recently released figures, while a study of hard-to-fill occupations emphasizes the growing driver shortage.
Tags: Drivers, Driver Turnover, Fleets, Driver Recruitment
October 16, 2014 - Industry News
Exports moving across Port of Virginia facilities in September helped drive a high amount of cargo through port terminals but officials concede truck wait times could be shorter.
Tags: Virginia, Ports, Port Trucking, Intermodal
The president and CEO of the trucking company ABF Freight System, Roy M. Slagle, retired on Wednesday following 37 years of service.
Tags: Fleets, People, ABF, ArcBest Corp., LTL
Industrial production in the U.S. increased 1% in September, the biggest gain in nearly two years, and advanced at an annual rate of 3.2% in the third quarter of 2014. Manufacturing production was up for the quarter, led by mining, while last week's unemployment claims dropped.
Tags: Economy, Unemployment, Industrial Production, Federal Reserve
October 15, 2014 - Industry News
Colorado-based Graebel Companies on Wednesday announced it had reached an agreement to sell Graebel Van Lines Inc. and the U.S. moving and storage operations of Graebel Movers Inc. to a rival’s newly created company.
Tags: Fleets, Mergers & Acquisitions
CORRECTED -- UPS Freight is expanding its Density-Based Rating (also known as dimensional weight pricing) pricing option to all its customers.
Tags: LTL, YRC Freight, UPS Freight, Freight Rates, FedEx Freight, Less Than Truckload
Rates on the spot freight market gained little ground if any, according to the latest weekly roundup of activity from the freight matching service provider DAT Solutions.
Tags: Spot Freight, Freight Rates, DAT Solutions
Retail sales in the U.S. during September stumbled a bit, marking the first month-to-month decline since January, while a separate report shows there is no reason for concern about inflationary pressures.
Tags: Economy, Retail Sales, Wholesale Prices, Producer Prices
Trucking company Marten Transport Ltd. has reported net income of $7.7 million, or 23 cents per diluted share, for the third of the year, down slightly from $8 million, or 24 cents per diluted share, from the same time a year ago.
Tags: Intermodal, Fleets, Earnings, Marten Transport
October 14, 2014 - Industry News
Sen. Barbara Boxer, D-Calif., continues to press for action on a highway bill this year, writing a letter last week to Rep. Dave Camp, R-Mich., chairman of the House Ways and Means Committee.
Tags: Congress, Highway Funding, Sen. Barbara Boxer
Spot freight has seen 14 consecutive months of year-over-year peaks, according to DAT, but in a typical seasonal trend, freight availability declined 5.5% in September compared with August.
A former driver for a national trucking company pleaded guilty last week to charges, admitting he bribed employees in the Traffic Office at the Marine Corps Logistics Base in Albany, Georgia in order to obtain lucrative freight hauling business for a period of six years.
Tags: Georgia, Crime & Fraud
J.B. Hunt Transport Services announced third quarter 2014 net earnings of $102.4 million, or diluted earnings per share of 87 cents compared to third quarter 2013 net earnings of $89.5 million, or 75 cents per diluted share.
Tags: J.B. Hunt, Fleets, Intermodal, Earnings
After a turbulent start to 2014, the nation’s retailers expect sales in November and December to increase a healthy 4.1% to $616.9 billion, higher than 2013’s actual 3.1% increase during that same time frame.
Tags: Economy, Retail Sales, Imports, Intermodal, Ports
October 13, 2014 - Industry News
Oshkosh is cutting 250-300 hourly positions from its defense segment as a result of significantly reduced U.S. defense spending.
Tags: Layoffs, Oshkosh, Military Vehicles
Takaharu Fushimi was named the new CEO for Yokohama Corporation of North America, his second assignment in the U.S. for the Japanese tire company
Tags: Yokohama Tire Corp., People, Yokohama Rubber Co., CEO
Concerned that compressed natural gas tanks in customers’ vehicles might not be sufficiently safe, Pacific Gas & Electric is requiring inspections as a condition of continued use of the company’s filling stations.
Tags: Vehicle Safety, PG&E, CNG, CNG Tanks
Drivers working out of FedEx Freight’s Cinnaminson, New Jersey, facility have rejected an organizing attempt by the Teamsters Union.
Tags: Drivers, New Jersey, Pennsylvania, Fleets, Labor Unions, FedEx Freight, Teamsters
October 10, 2014 - Industry News
Yokohama Tire is relocating its corporate headquarters to a new facility in November to accommodate business growth. The company will be moving from its old headquarters in Fullerton, Calif., to nearby Santa Ana.
Tags: Relocation, Yokohama, Automotive Executives
The Pipeline and Hazardous Materials Safety Administration has upheld an emergency restriction order placed on National Distribution Inc.'s cargo tanks by the FMCSA.
Tags: FMCSA, Hazardous Materials Safety Administration, U.S. Department of Transportation, Tankers, Enforcement, Safety & Compliance
Since its public launch at the Mid-America Trucking Show in March, the Trucking Moves America Forward program has made great strides toward its goal of showcasing the positive side of trucking for the public and law- and regulation-makers.
Tags: Image, Trucking Moves America Forward, ATA MC&E
September is the 20th consecutive month of year-over-year improvement in Class 8 truck orders, according to a report by FTR.
Tags: Class 8, Truck Orders, FTR
October 9, 2014 - Industry News
FTR’s Trucking Conditions Index increased to 9.10 in August, an upward trend that reflects a tight capacity situation for the freight market.
Tags: FTR, Trucking Conditions Index, Spot Freight, Driver Pay, Trends, Economic Conditions
The amount of spot market freight has rebounded from last week, while rates in two out of three categories has also recovered. The freight-matching service provider DAT Solutions reports the number of loads available increased 1.5% Sept. 28 through Oct. 4 compared to the previous seven days, as spot market capacity fell by 4.3%.
Tags: DAT, Spot Freight
We offer e-newsletters that deliver targeted news and information for the entire fleet industry.
The expert, Mark Betner from Citgo will answer your questions Ask a question
Video:60 Minutes Report on Crumbling Infrastructure
Detroit Assurance: Collision Mitigation, Assisted Braking, Better MPG
Unsung Documentary Series: Baker Trucking
Ultimate Test Drive Video: SuperTruck A Walk Around
East Manufacturing Releases Scale Model Tractor-Dump Trailer
Minimizer Offers Decorated Bracket Kits
Kenworth Cabover Options Expand Applications
SKF Offers Extended Warranty on Wheel End Products