FedEx Reports Lower 4Q Profit
FedEx Corp. said Wednesday its fourth-quarter earnings fell 45% from a year ago, as the company reported charges for realigning its business and to retire cargo aircraft.
June 19, 2013Three More Pilot Flying J Employees Plead Guilty in Trucking Rebate Case
Three more Pilot Flying J employees have pleaded guilty in a scheme to defraud trucking companies out of rebates, the Tennessean newspaper reported.
June 19, 2013First-Quarter Used Truck Registrations Rise 4.7% Year-Over-Year
First-quarter used commercial-vehicle registrations rose 4.7% from the same quarter last year, although new registrations fell 4.4%, according to an analysis by R.L. Polk & Co.
June 19, 2013Truck Tonnage Jumps 6.7% to Record in May
Truck tonnage jumped 6.7% in May to a record high from the same month last year, the largest year-over-year gain since December 2011, American Trucking Associations said Tuesday.
June 18, 2013Trucking Executive Tells House Panel HOS Rule’s July 1 Implementation Should be Delayed
The federal hours-of-service rule’s July 1 implementation date should be postponed until the Federal Motor Carrier Safety Administration completes mandated research on the rule, American Transportation Research Institute Chairman Steve Williams told a House panel Tuesday.
June 18, 2013Congressmen Seek Truck Weight Exemption for Wisconsin Highway
Two U.S. congressmen from Wisconsin introduced legislation to allow trucks heavier than 80,000 pounds now running on U.S. Highway 41 in that state to continuing using the road if it becomes an interstate next year.
June 18, 2013Diesel Dips 0.8¢ to $3.841; Price Is Lowest Since July
Diesel fell for a fourth week, dipping 0.8 cent to $3.841 a gallon, the lowest price since July, while gasoline fell for the first time in three weeks, the Department of Energy reported.
June 18, 2013Housing Starts Jump 6.8% in May
Housing starts jumped 6.8% in May, led by a gain in single-family homes, the Commerce Department said Tuesday.
June 18, 2013Consumer Price Index Rises in May
The consumer price index rose 0.1% in May, after dropping in April, the Labor Department said Tuesday.
June 18, 2013HOS Restart Changes to Cost Industry $189 Million a Year, ATRI Says
Upcoming restrictions to the 34-hour restart provision of the hours-of-service rule for truck drivers will cost the trucking industry $189 million annually — a $322 million difference from the $133 million benefit that the Federal Motor Carrier Safety Administration estimated when it wrote the new restrictions, according to a new American Transportation Research Institute study.
June 18, 2013