Officials Predict More Efficiency Gains as Onboard Truck Technology Matures
LAS VEGAS — The rapid progression of onboard technology has transformed the trucking industry, and new advances will continue to drive efficiency, technology executives said.
October 22, 2012Many Regs Are Playing Role in Driver Shortage, Executives Say
LAS VEGAS — While experts have pointed at the government’s new safety program as a major contributor to the growing truck driver shortage, two executives who spoke here during American Trucking Associations’ annual meeting said other lower-profile measures are also playing roles.
October 22, 2012Soft Demand, Rising Costs Hit Earnings of Truckload Carriers in Third Quarter
The initial round of third-quarter earnings reports from four publicly traded trucking companies reflected weakness, triggered by softer freight demand, rising fuel costs and higher expenses related to the driver shortage.
October 22, 2012Icahn Bids on Oshkosh; Sees No Navistar Merger
Carl Icahn formally launched a $2.88 billion tender offer to buy “any and all” shares of specialized equipment manufacturer Oshkosh Corp. beyond the nearly 10% that he and his affiliates already own, but said he does not envision combining it with Navistar International Corp.
October 22, 2012Electronic Funds Buys T-Chek for $302.5 Mln. in Fourth Deal for Fuel Card Sector This Year
C.H. Robinson Worldwide Inc. last week sold its T-Chek fuel payment card unit to Electronic Funds Source LLC for $302.5 million.
October 22, 2012Diesel Hits Four-Year High
The retail diesel average price hit its highest level in more than four years last week, rising 5.6 cents to $4.15 a gallon, the Department of Energy reported.
October 22, 2012FMCSA Posts Penalties for Movers Holding Goods Hostage
Household movers that hold shipments hostage face penalties of $10,000 per violation under new penalties posted by the Federal Motor Carrier Safety Administration.
October 19, 2012Kansas City Southern’s 3Q Income Falls
Kansas City Southern’s third-quarter income fell to $91 million, or 83 cents a share, from $100 million, or 91 cents, a year ago.
October 19, 2012Intermodal Traffic Gains 2.6% for Week
U.S. intermodal traffic rose 2.6% last week over the same week a year ago, the Association of American Railroads reported.
October 19, 2012Forward Air’s Income Slips; Revenue Rises
Forward Air Corp. said its third-quarter net income slipped from a year ago, while revenue improved.
October 19, 2012