December Used Truck Sales Decline, ACT Reports
Used Class 8 truck sales declined in December from a year earlier as vehicle prices increased and average mileage trickled lower, according to ACT Research.
February 4, 2013Daimler Says it May Cut 1,300 Plant Workers, as Volvo, Mack Begin Reductions in Force
Daimler Trucks North America said it may lay off as many as 1,300 factory workers over the next few months across its facilities.
February 4, 2013LaHood to Depart DOT
U.S. Transportation Secretary Ray LaHood, who earned praise for focusing on distracted driving and criticism from trucking for appearing to promote biking and high-speed rail over freight issues, announced last week he was stepping down.
February 4, 2013$3 Billion Pension Charge Sends UPS to 4th-Qtr. Loss
UPS Inc. posted a $1.75 billion fourth-quarter loss tied to pension costs, but CEO Scott Davis forecast 2013 earnings could improve, along with the U.S. and global economies.
February 4, 2013Diesel Rises 2.5¢ to $3.927 a Gallon
U.S. retail diesel prices rose 2.5 cents a gallon to $3.927 last week, the second straight increase, the Department of Energy reported.
February 4, 2013Trucking Adds 5,000 Jobs as January Payrolls Rise
Trucking added 5,000 jobs in January as U.S. employers added 157,000 jobs, and the nation’s unemployment rate ticked up to 7.9%, the Labor Department said Friday.
February 1, 2013Oil Finishes Week Above $97 a Barrel
Oil prices finished above $97 a barrel on Friday, and finished the week higher for the eighth straight week, the longest string in more than eight years, Bloomberg News reported.
February 1, 2013USA Truck Reports Fourth-Quarter Loss
USA Truck reported a fourth-quarter loss of $3.1 million, or 30 cents per share, compared with a loss of $4.4 million, or 42 cents, a year ago.
February 1, 2013Construction Spending Rises 0.9% in December
Construction spending rose 0.9% in December, the Commerce Department said Friday.
February 1, 2013Consumer Confidence Rises in January
Consumer confidence rose in January, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
February 1, 2013