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NewsOctober 14, 2014

Spot Market Freight Rates, Volume Jump in September from Year Ago

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.

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NewsOctober 14, 2014

Man Pleads Guilty To Paying Bribes for Freight Business

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.

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Newsby Evan LockridgeOctober 14, 2014

J.B. Hunt Profit Increases More Than 14%

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.

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Newsby Evan LockridgeOctober 14, 2014

Economic Watch: Holiday Sales Expected to Jump Following October Container Surge

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.

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NewsOctober 13, 2014

Oshkosh Laying Off 300 in Defense Segment

Oshkosh is cutting 250-300 hourly positions from its defense segment as a result of significantly reduced U.S. defense spending.

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NewsOctober 13, 2014

New CEO Named at Yokohama North America

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

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Newsby Tom BergOctober 13, 2014

PG&E Requires CNG Tank Inspections by Dec. 12

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.

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NewsOctober 13, 2014

N.J. FedEx Freight Workers Reject Organizing Attempt

Drivers working out of FedEx Freight’s Cinnaminson, New Jersey, facility have rejected an organizing attempt by the Teamsters Union.

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NewsOctober 10, 2014

Yokohama Tire Moving to Bigger Facility

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.

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NewsOctober 10, 2014

Haz-Mat Carrier Loses FMCSA Appeal

The Pipeline and Hazardous Materials Safety Administration has upheld an emergency restriction order placed on National Distribution Inc.'s cargo tanks by the FMCSA.

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