YRC Worldwide Successfully Closes $300 Million Debt Reduction
Trucking company parent YRC Worldwide has successfully completed a series of transactions that will cut its debt by approximately $300 million.
Trucking company parent YRC Worldwide has successfully completed a series of transactions that will cut its debt by approximately $300 million.
Norfolk Southern railway has opened a new rail truck transfer facility in Chesapeake, Va. to serve Hampton Roads-served markets, as well as markets overseas with its close proximity to nearby container terminals.
XPO Logistics has announced the pricing of public offering of 15 million shares of its common stock at a price of $25 per share and has granted the underwriters a 30-day option to purchase up to an additional 2.25 million shares.
Thje Michigan Department of Transportation has determined that public safety would not be enhanced by allowing corrosive or flammable materials to cross the Ambassador Bridge in Detroit.
Economic activity in the manufacturing sector expanded in January for the eighth consecutive month, but retreated from levels seen in December, say the nation's supply executives.
Sixty-two percent of the fleet executives responding to the Q1 2014 Fleet Sentiment survey conducted by CK Commercial Vehicle Research in January indicated they planned to place orders for Class 8 trucks in the next three months.
The U.S. Equal Employment Opportunity Commission recently filed a lawsuit for gender-based wage discrimination lawsuit against NFI Road Rail and NFI Industries.
YRC Worldwide continues to make progress when it comes to refinancing its debt following a preliminary agreement that was secured last month.
Consumer spending in the U.S. posted modest gains in December and all of last year, according to new Commerce Department figures.
Multiregional less-than-truckload carrier Saia reported improved fourth quarter and 2013 financial results, while truckload fleet Celadon had higher revenue but lower earnings, and asset-light Landstar System had record fourth-quarter revenue and higher earnings.
The U.S. economy expanded at a healthy pace in the final quarter of last year amid a big jump in consumer spending, according to new Commerce Department figures.
The parent company to less-than-truckload carrier ABF Freight System and ground expedite fleet Panther Expedited Services reported a profit in the final quarter of 2013 after reporting a loss a year earlier.
Trucking, parcel and logistics giant UPS increased profit in the final quarter of the year and for all of 2013.
A field test of the 34-hour restart provision of the new hours-of-service rule shows that the restrictions improve safety, the Federal Motor Carrier Motor Safety Administration reports.
The Federal Motor Carrier Safety Administration has expanded emergency declarations it issued earlier this month, waiving enforcement of some federal regulations for certain movements of propane and other home heating fuels due to shortages
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