The Equipment Leasing & Finance Foundation released the April 2013 Monthly Confidence Index for the Equipment Finance Industry, and overall, confidence in the equipment finance market is 54.0. This is an easing from the March index of 58.0, reflecting industry participants’ continuing concerns over the economy and the impact of federal policies on capital expenditures.
The head of Pilot Flying J Monday announced several steps the company is taking to address the questions raised in a federal probe of its fuel rebate program, including an internal audit, placing some employees on leave, eliminating manual rebate calculations, and adding a chief compliance officer.
Another week and another decline in the price of fuel, with diesel hitting its lowest level since last August. New figures released by the U.S. Energy Department show the average retail cost is down 5.5 cents over the past week.
Trucks will have to be rerouted from the U.S. 51 Ohio River Bridge between Wickliffe, Ky., and Cairo, Ill., for approximately 70 days beginning in June, turning a 6-mile trip from Wickliffe to Cairo into a 80-mile detour.
Details have started to emerge following a raid by the FBI and IRS on the Knoxville, Tenn., headquarters of the truckstop chain Pilot Flying J.
A trucking provider to the air cargo industry, Forward Air, reports both income and revenue during the first quarter of the year moved higher, despite a more challenging operating environment than expected.
A three-judge panel of the U.S. Court of Appeals for the D.C. Circuit Friday morning handed down a blanket dismissal of a bid by the Owner-Operator Independent Drivers Association and the Teamsters union to overturn the pilot.
The American Transportation Research Institute released findings from the first phase of a two-part research initiative aimed at assessing the use of navigation systems in large trucks.
This first phase of the research, which analyzed survey data from over 800 drivers and carriers, identifies different systems and how they are used, as well as industry perceptions of navigation system effectiveness.