July 15, 2013 - Industry News
Temperature-controlled truckload and less-than-truckload carrier Frozen Food Express has reached an agreement to be acquired by Duff Brothers Capital. Duff Brothers will purchases all outstanding shares of FFE common stock for approximately $38.2 billion.
Tags: Mergers & Acquisitions, Frozen Food Express, FFE
Retail sales in the United States continue growing, according to new figures released by the U.S. Commerce Department, but not as much as many were hoping.
Tags: Economy, Retail Sales
J.B. Hunt Transport announced second quarter financials, showing better performance from the same time a year ago, driven by growth in its intermodal, dedicated and logistics operations.
Tags: J.B. Hunt, Fleet Financials, Intermodal
Connecticut-based XPO Logistics has entered into an agreement to acquire 3PD in a transaction valued at approximately $365 million.
Tags: 3PL, Mergers & Acquisitions
Navistar International announced it has amended agreements with Carl Icahn of Icahn Partners and Mark Rachesky of MHR Fund Management, including the opportunity to designate two nominees for election to Navistar’s board of directors at the company's annual meeting in February 2014.
In an effort to address what it says is an ongoing problem with trucks getting stuck under a railroad overpass, the Maryland State Highway Administration is implementing a new truck restriction on a section of MD 75 (Green Valley Road) near Monrovia in Frederick County.
Tags: Maryland, Highways
A new inland port agreement was signed last week by Georgia Gov. Nathan Deal, the Georgia Ports Authority and Cordele Intermodal Services to create and expand international markets for regional business.
Tags: Georgia, Intermodal, Ports
New data from the National Household Survey has found that the average age of a Canadian truck driver is 46, higher than the previous age of 44, and significantly higher than the national average of 41.5.
Tags: Canada, Drivers
Cutting back the mountain slope and constructing a gravity buttress wall is part of the proposed solution to repair U.S. 89 near Page, Ariz., which was damaged in a Feb. 20 landslide. The repairs, at an estimated cost of $40 million, could take more than two years to complete.
Problems for truckstop operator Pilot Flying J and CEO Jimmy Haslam show no signs of letting up, as an Ohio TV station reports that a federal grand jury is looking into possible indictments.
Tags: Diesel Prices, Pilot Flying J, Fuel and Oil, Truckstops
Meritor is reinvigorating a 75-year-old brake manufacturing facility in Wales, complete with a state-of-the-art engineering and test center, to meet expected increased demand in North American, European and emerging commercial vehicle markets.
Tags: Meritor, Air Disc Brake, Brakes, Global
July 12, 2013 - Industry News
The Federal Motor Carrier Safety Administration has simplified its instructions for driver off-duty time, issuing a new "guidance" regarding the need to get instructions from employers.
Tags: FMCSA, HOS
A new Truck Track for the second annual Fleet Safety Conference in Schaumburg, Ill., featured speakers and panelists on topics such as CSA, medium-duty trucks, driver health and driver scorecards.
Tags: Fleet Safety Conference
July 11, 2013 - Industry News
It is too soon to measure the full impact of the changes in the hours of service rule, but the carriers that will be most affected are high-output truckload fleets that have drivers out on the road for weeks at a time, says Noel Perry, an economist with FTR Associates.
Tags: FTR Associates, HOS
The first of three weekend closures of Interstate 84 in Portland, Ore., will begin at 10 p.m. Friday, July 12 and end 5 a.m. Monday, July 15, as the Banfield Freeway paving project moves into high gear.
Tags: Oregon, Highways, I-84
Many carriers still not seeing adequate rates of return, nor any relief in their ability to renegotiate accessorial charges, according to the 2nd quarter industry survey by Transport Capital Partners.
Tags: HOS, rates, TCP, Freight Rates
Ryder System has opened the first natural gas fueling stations in its North American network to serve both the general public and Ryder lease and rental customers, located in Orange and Fontana, Calif.
Tags: Ryder, Natural Gas, California, Natural Gas Vehicles, Liquefied Natural Gas, Alternative Fuels & Hybrids
In the first quarter of 2013, the turnover rate at both large and small truckload carriers rose due to the improving economy and continued competition for well-trained professional drivers, reports the American Trucking Associations.
Tags: Drivers, ATA, Driver Turnover
Omnitek Engineering has been selected by the Puget Sound Clean Air Agency for a pilot project to demonstrate its diesel-to-natural gas engine conversion technology for drayage trucks serving the Port of Seattle, Wash., in support of the Port's Clean Truck Program.
Tags: Natural Gas, Navistar, Natural Gas Vehicles, Intermodal, Alternative Fuels & Hybrids, Omnitek, Port of Seattle
The Truckload Carriers Association’s Refrigerated Division is hosting its annual meeting this week on issues related to the operation of temperature-controlled trailers.
Tags: Events, Reefers, TCA, Truckload, Refrigeration units, Trailers
July 10, 2013 - Industry News
Summer typically marks the doldrums of the import freight season, and this one will likely be no exception, but things are expected to pick up big time in the fall, according to the new Port Trucker forecast from the National Retail Federation.
Tags: Economy, Freight, Imports
Rates on one of the nation’s largest spot freight markets improved the first part of July after trending downward most of last month. DAT reports from June 30 through July 6 the average rate for van and flatbeds moved 3.2% higher, compared to the previous seven days.
Tags: DAT Transcore, Freight Rates
Power Train Service, an independent aftermarket parts and service provider, has been named an authorized rebuilder of Eaton transmissions, allowing it to offer a rebuilt transmission with 100% genuine Eaton parts.
Tags: Eaton, Aftermarket, Transmissions, Remanufacturing
FTR's Trucking Conditions Index for May at 12.4 is unchanged from the previous month, continuing to reflect a positive environment for trucking -- one that, combined with the new hours of service regulations restricting capacity, should result in some higher rates.
Tags: Economy, FTR Associates, Freight Rates, FTR Trucking Index
The North American Fatigue Management Program is now available to motor carriers, drivers, government safety administrators and insurance companies. A coalition of Canadian, U.S., and Mexican trucking interests developed the program to provide carriers with a best-practices manual for implementing fatigue management in their operations.
Tags: Drivers, Hours of Service, Fatigue, Fatigue management
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