YRC Teamsters OK Contract; LTL Seeks Financial Package
Members of the Teamsters union employed at YRC Worldwide Inc. approved a contract extension into 2019, moving the carrier toward long-term survival with a continued 15% wage reduction and expected lower debt costs.
February 3, 2014Diesel Average Increases 3.1¢ to $3.904 as Cold Weather Lifts Seasonal Demand
Diesel’s pump price rose for the first time in three weeks, as ongoing blasts of cold weather resulted in increases in the Northeast and Midwest regions that paced the national price hikes.
February 3, 2014FDA Proposes New Standards for Safe Food Transportation
The U.S. Food and Drug Administration on Jan. 31 announced its proposed food safety rule requiring truckers carrying food, as well as the shippers and receivers, to use sanitary practices that ensure food does not become contaminated.
January 31, 2014Paccar Increases Profit in 4Q
Paccar Inc. said its profit grew 31.8% in the fourth quarter as European truck demand increased and business improved in its parts and financial services units.
January 31, 2014Saia’s Fourth-Quarter Net Income Grows to $8 Million
Less-than-truckload carrier Saia Inc. said its net income grew to $8 million, or 32 cents a share, in the fourth quarter.
January 31, 2014Manufacturing in Chicago Area Grows at Slower Pace in January
Manufacturing activity in the Chicago area expanded at a slower pace in January, the Institute for Supply Management-Chicago said Jan. 31.
January 31, 2014Drivewyze Launches Weigh-Station Alert Service
Drivewyze Inc. said it is offering a free alert service to go with the latest version of its PreClear weigh-station bypass mobile app.
January 31, 2014Intermodal Rail Traffic Rises For Week
U.S. rail intermodal traffic increased 3% in the week ended Jan. 25 compared with the same week last year, the Association of American Railroads reported.
January 31, 2014Consumer Spending Rises in December
Consumer spending rose 0.4% in December, the Commerce Department reported Jan. 31.
January 31, 2014HOS Study Proves Benefits of New Restart Restrictions, FMCSA Says
A new study found that the restart provision in the Federal Motor Carrier Safety Administration‘s current hours-of-service rule is more effective at combating fatigue than the prior hours rule, the agency said.
January 30, 2014