Knight Raises USA Truck Holdings To Bolster Its Takeover Proposal
Knight Transportation Inc. stepped up its unsolicited takeover bid for USA Truck Inc. last week, a move analysts said illustrates the growing interest in acquisitions among well-capitalized fleets.
October 7, 2013Diesel Declines 3¢ to $3.919; Gasoline Lowest Since January
The national average price for diesel fuel dipped 3 cents to $3.919 a gallon last week, the third straight decline, while gasoline dropped 7 cents to $3.425, its lowest level since January, the Department of Energy reported.
October 7, 2013Jobs Report Postponed Due to Government Shutdown
The Labor Department did not release its monthly jobs report for September because of the federal government shutdown.
October 4, 2013Class 8 Orders Rise 27.4% in September
New Class 8 truck orders climbed 27.4% in September in the eighth straight month of year-over-year growth, according to preliminary figures from ACT Research.
October 4, 2013Port of Los Angeles Top Executive Announces Retirement
Port of Los Angles Executive Director Geraldine Knatz will retire at the end of the year. She will become the first senior manager to leave during Mayor Eric Garcetti's review of the city's top department heads, the Los Angeles Times reported.
October 4, 2013Graves: Government Shutdown Could Hurt Trucking
The shutdown of the federal government could harm the economy, which in turn would hurt the trucking industry, American Trucking Associations President Bill Graves said.
October 4, 2013Shutdown Halts NTSB, Economic Indicators
While highway construction and safety programs have not been affected by the shutdown of the federal government, investigations of the National Transportation Safety Board and economic indicators released by the government have been hampered.
October 4, 2013Cummins Announces New 5-Liter, V8 Engine
Cummins Inc. said Oct. 4 it has developed a 5-liter V8 engine designed for delivery vehicles and other light and medium trucks.
October 4, 2013Intermodal Rail Traffic Rises 4.4% in Sept.
Intermodal rail volume rose 4.4% in September from the same month a year ago, the Association of American Railroads reported Oct. 3.
October 4, 2013Mack Launches GuardDog Connect Telematics System
ALLENTOWN, Pa. — Mack Trucks introduced the GuardDog Connect service package aimed at expediting vehicle repairs by improving communications among drivers, fleets and dealers.
October 3, 2013