The Holiday Season Begins ... for Trucking Companies
The weather is hot, the kids are out of school, baseball has just finished its All-Star Game and freight transportation professionals are thinking about Christmas. It may be the good old summer time, but it is also the start of the busiest shipping season of the year.
Freightliner to Cut 1,120 Jobs in North America
Freightliner LLC said Wednesday that it will lay off 1,120 employees at four North American manufacturing plants from July through October.
Trucking Failures Mount
Trucking company failures continued at a rapid pace during the first quarter of the year, with 1,155 motor carriers going out of business, according to an updated study from investment broker A.G. Edwards & Sons.
'Pooling' on the Way Out, NAFC Members Told
ASHEVILLE, N.C. — Trucking companies that go through mergers or acquisitions after June 30 may not account for their expansion as a pooling of interests. Instead, financial personnel must configure their records according to purchase rules.
ATA Urged to Ask Congress for Reduction in Truck Excise Tax
ASHEVILLE, N.C. — American Trucking Associations will be asked to make reduction of the 12% excise tax on the purchase of new Class 8 tractors and trucks a top priority for its lobbying efforts on Capitol Hill
Truckload Executives See Boom Days For Those Who Hang on a Bit Longer
NEW YORK — Having endured a year-and-a-half of searing competition that produced a raft of hardscrabble balance sheets, some of the nation’s most prominent truckload executives told a investors gathering here that just a bit more perseverance on the part of carriers will result in lavish rewards for both themselves and their financial backers.
LTL Chiefs Plan Fall Rate Increases
NEW YORK – A group of less-than-truckload executives said today that in spite of the poor economy and the expected resistance of shippers, they expect to ask for and receive freight rate increases in the fall.
Trucking Companies Extending Purchasing Cycles
NEW YORK – Some of the largest names in trucking said this morning they will scrap their systems of purchasing Class 8 tractors in three-year cycles in favor in four- or five-year purchase regimes.
'Mobile Warehouses' Expected to Increase Savings - at Expense of Smaller Carriers
The rising use of lead logistics providers by shippers could increase the total demand for trucking services, according to a number of logistics executives. But, they also say, that could lead to the creation of castes of winners and losers within the industry.
Postal Service Looking at LTL
NEW YORK – To save money and stave off operating losses, the U.S. Postal Service is investigating increased usage of less-than-truckload carriage, according to the service's deputy postmaster general.
