The Timken Co. announced its acquisition of Interlube Systems Ltd., which makes and markets automated lubrication delivery systems and related components to end market sectors including commercial vehicles, construction, mining, and heavy and general industries.
As part of an ongoing effort to improve service to customers and maintain an efficient network throughout the Northeast, UPS Freight reopened its service center in Nanuet, N.Y.
A court heard oral arguments Friday in a legal move attempting to stop the Federal Motor Carrier Safety Administration’s plan to implement revised hours-of-service regulations, but there is no indication if the three-judge panel in the District of Columbia will issue a decision before the new rules take effect.
The average U.S. cost of diesel has fallen for the third straight week, according to new figures released Monday by the U.S. Energy Department.
U.S. President Barack Obama delivered a speech at Argonne National Laboratory on Friday, March 15, where he described his proposal for a new U.S. Energy Security Trust. The Trust would set aside $2 billion from revenues from oil and natural gas production on domestic, publicly owned land over a 10-year period.
Over the past 90 days, more than 230,000 jobs were advertised online for truck drivers in the United States, according to Wanted Analytics, a source of real-time business intelligence for the talent marketplace. As demand for goods increases, more truck drivers will be needed to keep freight and the supply chain moving. Hiring for this occupation has increased more than 20% compared to the same 90-day period in 2012.
The turnover rate for drivers in the truckload sector took a surprising dip in the fourth quarter, according to the American Trucking Associations' Trucking Activity Report, the likely result of a weakened economy and overall freight volumes.
FTR’s Trucking Conditions Index for January as reported in the March 2013 Trucking Update jumped 2.2 points from the previous month to a new reading of 10.6.