Teamsters Leaders Due to Review YRC Bid to Extend Contract to Assist Refinancing
The Teamsters union’s local leadership is scheduled to meet this week to review YRC Worldwide’s proposal for a contract extension the company needs in order to secure long-term refinancing of $1.4 billion in debt, the company said last week.
December 2, 2013U.S. Trailer Orders Increase 5.7%; October Total Is Year’s Highest
Trailer orders climbed 5.7% in October to 24,910, the highest level so far in 2013, as fleets kept to their pattern of boosting acquisitions in the fall, ACT Research reported.
December 2, 2013Judge OKs $84.9 Mln. Payout in Pilot Class-Action Lawsuit
A federal judge in Arkansas last week approved an $84.9 million settlement offer from Pilot Flying J to reimburse as many as 5,500 customers who are part of a class-action lawsuit alleging that the truck-stop chain fraudulently shortchanged them on diesel fuel rebates.
December 2, 2013U.S. Class 8 Truck Fleet Rises 3% to Four-Year High, Polk Reports
The U.S. Class 8 truck fleet expanded to 3.63 million vehicles in the third quarter, the highest level in four years and 3% higher than a year ago, according to registration data.
December 2, 2013Nat Gas, Biodiesel Tax Credits to Expire Unless Congress Acts Before Year’s End
Two federal tax incentives created to help promote the use of natural gas and biodiesel in the trucking industry will expire Dec. 31 if Congress does not act to renew them.
December 2, 2013U.S. Diesel Average Up 2.2¢
The average price of a gallon of diesel around the nation rose last week for the first time in almost three months, gaining 2.2 cents to $3.844 a gallon, while gasoline had its biggest increase since July, the Department of Energy reported Nov. 25.
December 2, 2013Most Top Trucking Companies Use Social Media, Study Says
Major U.S. trucking companies are now widely using social media, but not as much as other business-to-business firms, according to a new study by trucking technology supplier Carrier Logistics Inc.
December 2, 2013Teamsters Leaders to Review YRC Plan
The Teamsters local leadership will meet Dec. 6 to review YRC Worldwide’s proposal for a contract extension needed to obtain long-term refinancing of $1.4 billion in debt, the company said last week.
November 27, 2013Economic Reports Include Rise in LEI Index
An index of leading economic indicators rose in November from an increase the previous month, the New York-based Conference Board said Nov. 27.
November 27, 2013Descartes Names Ryan to CEO Post
Edward Ryan has been named CEO of Descartes Systems Group, succeeding Arthur Mesher, the company announced Nov. 27.
November 27, 2013