Fleet Failures Plunge 90%
Trucking failures fell by nearly 90% in the second quarter compared with a year earlier and also dipped slightly from the first quarter of 2015 as favorable rates and fuel prices as well as other trends buoyed fleets’ financial results, a new report finds.
September 7, 2015TT Archives: CF Closes Its Doors
The shutdown of Consolidated Freightways on Labor Day in 2002 shocked the industry and, temporarily at least, boosted the fortunes of less-than-truckload freight rivals Arkansas Best Freight System, Yellow Transportation and Roadway Express.
September 7, 2015How to Fund Highway Bill Tops Congressional Agenda
Finding a way to keep highway programs funded for several years will be at the top of Congress’ fall agenda, which kicks off this week.
September 7, 2015US Diesel Average Slides to $2.51; Lowest Level Since July 2009
The U.S. average retail diesel price dropped 4.7 cents a gallon last week to $2.514, the Department of Energy said, marking a 14th straight week of declines.
September 7, 2015Keppler Departs as Executive Director of CVSA to Take Senior Position With Intermodal Group
Stephen Keppler, executive director of the Commercial Vehicle Safety Alliance, has left the commercial enforcement group after 15 years to assume the newly created position as senior vice president of the Intermodal Association of North America.
September 7, 2015California Ports Users Question New Appointment System
Truckers and shippers welcomed the concept — but worried about the implementation — of a new appointment system for in-terminal container pickups at 10 terminals in the largest U.S. port complex.
September 7, 2015DOTs Urge Trucking to Plan for Pope’s Visit; Northeast Freight Corridor Heavily Affected
Trucking and transportation officials have a message for fleets and drivers who are thinking about traveling through Delaware, Pennsylvania or New Jersey on the weekend of Sept. 25: Don’t do it, if you can avoid it.
September 7, 2015Navistar Posts $28 Million Loss in 3Q; Market Share Goal On Track, CEO Says
Truck maker Navistar International Corp. posted a fiscal third-quarter loss of $28 million, or 34 cents a share, on revenue that declined to $2.54 billion, with one-time charges last year and currently contributing to the relative downturn.
September 7, 2015August Class 8 Orders Tempered by Backlogs
New Class 8 truck orders in August fell 22% from a year earlier and 20% from the previous month, but analysts and truck makers said they remain confident about the overall strength of the market.
September 7, 2015Drivers, Fleets Embroiled In Lawsuits Over Wages
Six truckload carriers are alleged in separate lawsuits, brought by the same law firm, to have underpaid drivers. A settlement appears near in two cases, another may be shifted to an appeals court and the remaining three continue to work their way through district courts, according to documents.
September 7, 2015