England to Raise Driver Pay Scales
C.R. England Inc. will boost its driver pay scale as much as 30% effective Aug. 1, a move the Utah-based truckload carrier said is part of an effort to attract and retain drivers.
Iowa Tanklines Expands With Purchase
Iowa Tanklines expanded its fuel hauling business and added a new service to its transportation portfolio with the purchase of assets from Wheeler Transport Service of Omaha, Neb.
ATA Opposes New Insurance Rules
Tighter rules on self-insurance aren’t necessary, according to American Trucking Associations, which suggested the agency instead focus on monitoring and enforcement activities.
Analyst: Trucking Stocks Were Driven Down by Their Own History
Why are today’s trucking stocks priced so low? One analyst says they are paying for the failed expectations of the mid-90s, perhaps undeservedly. But he indicated that conditions may be right for them to soar again.
Truck Stocks May Make Comeback
Trucking stocks have been pummeled as investors migrate to less-volatile industries. But one investment analyst said conditions may be right for them to soar again.
Yellow Reinstates Fuel Surcharge
Yellow Freight System, one of the nation's largest general freight carriers, said it will reinstate its diesel fuel surcharge July 14 to offset rising fuel prices.
NAFC Gets Rosy Economic Forecast
Trucking’s top financial executives heard some encouraging words at the National Accounting & Finance Council’s Management Conference and Exhibit Forum June 27 to 29, as one economist predicted that the best is yet to come for the U.S. economy.
Package Services Boost FDX Profits
Memphis, Tenn.-based holding company FDX Corp. said profits increased 26% in the fiscal year that ended May 31 thanks to good performances by its air freight carrier Federal Express and ground package carrier RPS Inc.
NAFC Hears Rosy Economic Forecast
Trucking’s top financial executives heard some encouraging words at the National Accounting & Finance Council’s Management Conference and Exhibit Forum June 27 to 29, as one economist predicted that the best is yet to come for the U.S. economy.
Bulk Carriers Form Alliance
A group of five tank truck carriers will begin a collaborative effort to exchange loads and share tank cleaning facilities on July 7. The pooling arrangement by the Alliance of Bulktruck Carriers was recently approved by the Surface Transportation Board. Initial operations will be limited to shipments from five states.