YRC Worldwide Looking to Borrow More Than $1 Billion to Stay Afloat
The financially troubled parent of several trucking companies, including YRC Freight, hopes to borrow $1.15 billion to refinance its debt, according to Bloomberg News.
The financially troubled parent of several trucking companies, including YRC Freight, hopes to borrow $1.15 billion to refinance its debt, according to Bloomberg News.
As the year drew to a close, we looked back on the last 12 months, identifying the high points and low points, our challenges and triumphs, and hopefully, what we learned.
Trucking and related services provider, XPO Logistics, has entered into an agreement to acquire Pacer Internation, the third largest provider of intermodal transportation services in North America.
December North American Classes 5-7 net orders are expected at 14,200 units and Class 8 net orders are expected at 31,800 units, when actual data are released mid-month.
The busiest border crossing between the United States and Canada saw fewer trucks during most of last year, amid indications there is less freight flowing south.
Shipments and new orders for manufactured goods in the United States both hit their highest levels on record in November, according to a new U.S. Commerce Department report released on Monday.
Union Pacific Railroad recently initiated a new intermodal service between Laredo, Texas and Memphis, Tenn., supporting growing transportation needs for the automotive manufacturing and intermodal marketplaces.
TravelCenters of America, operator of the TA and Petro Stopping Centers travel center brands, has announced the grand reopening of its location at I-95, Exit 29 in Brunswick, Ga., as a TA- branded full-service truck stop/travel center.
Trucking’s overriding challenge on Capitol Hill this year is passage of a new highway program. The current program expires at the end of October. It launched a number of substantive reforms and policy initiatives but was funded for just two years with money taken from here and there in the federal budget.
The Iowa 80 Truckstop began serving truckers out of a small white enamel building in 1964 before Interstate 80 was completely built. Bill Moon, Iowa 80 Truckstop founder, located the spot, at what is now Exit 284, for Standard Oil.
Organizers of the 2014 Fleet Safety Conference are seeking ideas for educational sessions for this year’s event. Industry leaders who are interested in presenting at the conference, scheduled for July 22-23 in Schaumburg, Ill., have until Jan. 31 to submit their topic idea and abstract for consideration.
UPDATED -- An investigation by the U.S. Department of Labor's Occupational Safety and Health Administration found that New Prime retaliated against a truck driver by blacklisting him in the commercial transport industry after he sought medical attention for a work-related injury.
In Connecticut a new law that went into affect on Dec. 31 requiring commercial motor vehicles remove snow and ice from hoods, trunks and roofs or their operators will face fines ranging from $75 to $1,250.
UPDATED, Jan. 9, 2013, 9:45 a.m., EST Extraordinarily cold weather in part of the U.S. has resulted in more states issuing emergency declarations, waiving mainly hours of service rules, when it comes to hauling various fuels.
Transport Capital Partners’ fourth-quarter industry survey sees more carriers getting adequate rates of return, but tight credit and static accessorials as continuing issues of concern.
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