Navistar Cuts 2Q Loss; Market Share Increases
Navistar International Corp. narrowed its losses in the fiscal second-quarter from a year ago as its heavy-duty truck orders and market share improved, the company reported June 5.
June 9, 2014Produce Freight Rates Up on Tight Capacity as Mexico Exports Rise, Calif. Under Pressure
The produce trucking markets are generally tight heading into summer, and rates are already rising as Mexican fruit and vegetable shipments surge and a drought pressures California markets, industry officials said.
June 9, 2014Regulators Grant Livestock Haulers HOS Exemption
Federal regulators have granted drivers transporting livestock a one-year exemption from an hours-of-service requirement that they take a 30-minute rest break before driving no more than eight hours.
June 6, 2014LaHood Going to Work for Caterpillar
Former Transportation Sec. Ray LaHood has been hired as a consultant by Peoria, lllinois-based Caterpillar Inc., the heavy equipment maker.
June 6, 2014Trucking Adds 1,500 Jobs; Unemployment Rate Holds at 6.3%
Trucking accounted for 1,500 of the 217,000 jobs added in May, and the U.S. unemployment rate was unchanged at 6.3%, the Labor Department reported June 6.
June 6, 2014Maxim Apologizes for Ad That Riled Trucking Industry
Maxim magazine has apologized for publishing an advertisement in its June issue that many in the trucking industry found offensive.
June 6, 2014Intermodal Rail Traffic Rises 8% in May
Intermodal rail volume for May rose 8% compared with the same time last year, the Association of American Railroads reported.
June 6, 2014Ingram Micro Adds UPS Executive to Board
Ingram Micro Inc., a wholesale distributor of electronics and mobile phones, said it has elected UPS Inc. Chief Information Officer David Barnes to the board of directors.
June 6, 2014Consumer Credit Increases in April
Consumer borrowing in the United States rose in April as Americans boosted credit card use by the most since November 2007.
June 6, 2014Senators Praise TIGER in Transportation Bill’s Report
Senate transportation funding leaders defended the need for the Department of Transportation’s popular infrastructure grant program and the way in which the department selects the grant winners, despite an effort by conservative lawmakers to significantly reduce the program’s funding allocation in recent years.
June 6, 2014