Previously Owned Home Sales Climb to Highest Since Early 2007
Sales of previously owned U.S. homes unexpectedly increased in November to the strongest level since early 2007, ahead of a jump in borrowing costs, National Association of Realtors data showed Dec. 21.
December 21, 2016Oil Extends Gains as Industry Report Shows US Stockpile Drop
Oil extended its advance as industry data showed U.S. crude stockpiles declined last week.
December 21, 2016UPS, FedEx Fight to Stay Ahead of Gift Package Deluge
The nation's biggest shippers were struggling — and so far say they are succeeding — at keeping up with a record-breaking onslaught of online-ordered gift packages now that Christmas and the start of Hanukkah are less than a week away.
December 20, 2016Cooper Adds Tire Sizes for Drop-Deck Trailers
Cooper Tire & Rubber Co. added two sizes to the Roadmaster RM272 commercial tire line, which is engineered to withstand the demands of drop-deck trailers, and noted tires in this application are arguably the most abused of any in the trucking industry.
December 20, 2016Hanjin Sells Stake in Total Terminals International to Mediterranean Shipping Co.
Hanjin Shipping Co., the South Korean ocean carrier that filed for bankruptcy protection in August, has agreed to sell its stake in Total Terminals International to Mediterranean Shipping Co., according to Bloomberg News.
December 20, 2016Truck Tonnage Rises For First Time Since August
Truck tonnage increased 5.7% in November versus one year ago, the first year-over-year increase since August in the American Trucking Associations monthly index in 2016, a sign that the trucking industry could be turning a corner and heading towards a better 2017.
December 20, 2016Trucking Image Movement Applauds Comments From Industry Supporters
Trucking Moves America Forward, a national image movement for the industry, recognized efforts by companies in promoting a positive message for trucking around the country.
December 20, 2016ATRI Announces Advisory Committee for 2017-2018
Transportation experts from around the country were chosen for the American Transportation Research Institute’s research advisory committee for 2017-2018, the group’s president announced Dec. 20.
December 20, 2016Pennsylvania Transportation Planners Identify Critical Freight Corridors
The Lehigh Valley Transportation Study committee has approved a list of six regional roads that it believes are worthy of the critical urban freight corridor designation in the federal government's new National Highway Freight Network.
December 20, 2016Navistar Slows Losses Amid Tough Industry Conditions
Truck and engine manufacturer Navistar International Corp. reported lower year-over-year net losses for its fourth quarter and 2016 fiscal year periods ended Oct. 31.
December 20, 2016