Tonnage Up, Truck Sales Fall in Nov.
U.S. retail truck sales and freight tonnage — two key barometers of the industry’s health — moved in opposite directions in November, and for different reasons.
December 24, 2012Diesel Average Declines 4.6¢ to $3.945
Retail diesel prices continued to decline last week, falling 4.6 cents to $3.945 a gallon, while gasoline prices fell to their lowest level of the year, the U.S. Department of Energy reported.
December 24, 2012Volvo Trucks’ Nyberg Sees Opportunities in Additional Markets, Alternative Fuels
Göran Nyberg, Volvo Trucks’ new president of North American sales and marketing, pointed to opportunities in the regional and vocational markets, alternative fuel offerings and an expanding dealer network as keys to the company’s growth.
December 24, 2012Truck Tonnage Gains in Nov. Following Superstorm Sandy
Truck tonnage rose 1% in November year-over-year, as Superstorm Sandy nudged the freight index higher after de-pressing demand in October, American Trucking Associations reported.
December 24, 2012Nov. Class 8 Sales Decline 15.6%, But 2012 Still Is Outpacing 2011
Retail heavy-duty truck sales in the United States fell 15.6% in November from a year ago, the third straight monthly decline, but continue to outpace 2011, WardsAuto.com reported.
December 24, 2012Navistar Reports Loss in 4Q, CEO Sees Profitable 2014
Navistar International Corp. announced last week its fiscal fourth-quarter loss ballooned to $2.76 billion, mostly due to a tax-related charge, but executives said long-term product improvements will restore profits.
December 24, 2012Earnings Slip 12% to $438 Mln. at FedEx, Despite Gains at Ground, Freight Units
FedEx Corp.’s Ground and Freight units increased fiscal second-quarter profit, cushioning the blow of lower profits at the Express business, the company reported last week.
December 24, 2012Trucking Fleets Haul Thousands of Wreaths to Honor Veterans During Holiday Season
ARLINGTON, Va. — Trucking companies participating in the annual “Wreaths Across America Day” hauled thousands of Christmas wreaths that will lie on veterans’ headstones during the holiday season.
December 24, 2012Freight Demand to Grow Slowly In 2013, ATA Economist Projects
Truck tonnage probably will grow at a slower pace in 2013, but a stronger economic recovery could boost the industry in 2014 and 2015, according to the latest projections from American Trucking Associations.
December 24, 2012Sanchez to Replace Swienton as Chairman at Ryder System
Ryder System Inc. last week promoted President and Chief Operating Officer Robert Sanchez to the additional post of chairman, effective Jan. 1.
December 24, 2012