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Look for more closures and mergers in the trucking industry, and don’t look for a recovery to begin until 2003. That’s the prediction of Overnite Transportation Chairman, President and CEO Leo Suggs
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New orders at United States factories increased in December while shipments fell, according to a report released by the Commerce Department Tuesday
Read More →The Great Recession has affected freight transportation in many ways but most of all it has provided a lesson in survival. "We did what most businesses did in order to survive - things that in our 25-year history we've never had to do," said Pat Quinn, co-chairman of U.S. Xpress. Such as: pay freezes, pay cuts from five to 20 percent and laying off non-driving personne
Read More →The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index plunged 3 percent in October, marking the fourth consecutive month-to-month drop
Read More →The manufacturing industry has started to show improvement for the first time in 18 month
Read More →Retail sales are generally positive across the country but manufacturing in some areas continues to feel the pinch of weakening home sales, according to the latest Beige Book, a summary of economic condition
Read More →FTR Associates' Shippers Conditions Index for December edged up roughly 1.5 points from November to a reading of -4.6, which still reflects a somewhat adverse environment for shippers
Read More →North American Class 8 commercial vehicle preliminary net orders for June remained soft, according to two major industry research firms.< Net orders for Classes 5-7 also fell below trend, but the decline was expected, as medium-duty activity typically tapers off during the summer months
Read More →FTR Associates' Shippers Conditions Index for June was basically unchanged from the previous month and remains in near neutral territory at a reading of -1.8
Read More →The commercial trailer sector finished 2011 on solid footing and is well-situated for the third year of growth in the current cyclical recovery
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