July Trailer Orders Slump to Lowest in Nearly Three Years
Trailer manufacturers received the lowest total of new orders in nearly three years during July, blaming an economy that has failed to give customers enough confidence to add equipment, ACT Research reported.
September 2, 2013Drop in E-Logging Device Prices Lowers Mandate’s Projected Cost
Electronic logging device makers said the federal government’s plan to require almost all truckers to use the devices will cost the industry far less than the $2.4 billion the government estimated in 2011.
September 2, 2013Diesel Price Gains 1.3¢ to $3.913; Crude Surges on Syria Concerns
Retail diesel prices gained 1.3 cents last week to $3.913 a gallon, the Department of Energy reported, while crude oil rose to its highest level in more than two years on concerns about potential Western military action against Syria.
September 2, 2013Volvo’s July North American Truck Deliveries Slip 11%
Volvo AB reported that its North American truck deliveries declined 11% in July from a year ago.
August 30, 2013ABF, Teamsters Agree to Extend Contract Through the End of September
ABF Freight System said it has agreed to another extension of its existing contract with the Teamsters union while the parties continue to negotiate on two outstanding supplemental agreements to a new contract.
August 30, 2013Leonard’s Express to Buy Diamond State Warehousing & Distribution
New York-based trucking company Leonard’s Express said it has agreed to buy Diamond State Warehousing & Distribution.
August 30, 2013Penske Completes $200 Million Purchase of Australian Truck Dealership Group
Penske Automotive Group said Aug. 30 it has completed its $200 million purchase of Australian truck distributor that sells a variety of truck brands.
August 30, 2013Consumer Confidence Slips; Manufacturing Index Improves
Consumer confidence fell in August, while a Midwest manufacturing index improved, Bloomberg News reported Aug. 30.
August 30, 2013Weekly Intermodal Traffic Rises 3.5%
Intermodal volume rose 3.5% for the week ended Aug. 24 from the same week a year ago, the Association of American Railroads reported.
August 30, 2013PeopleNet Offers Reporting for Natural Gas Engine Data
PeopleNet Communications Corp. said it now offers engine reporting for trucks powered by compressed and liquefied natural gas.
August 30, 2013