Business

New home sales jumped 7.6% in May to a two-year high, the Commerce Department said Monday.

Ryder System lowered its second-quarter and full-year earnings estimates, primarily due to weaker demand for truck rentals.

The lead story of this publication’s June 18 issue discussed the growing problem of driver turnover and how even small truckload fleets, known for their ability to control turnover by maintaining close driver relationships, are now in need of creative retention solutions as their turnover rate has soared to 71%.

As noted on other pages of this week’s edition of Transport Topics, American Trucking Associations will be conducting the first comprehensive summit on the use of natural gas in trucking.

Truck tonnage continued to grow last month, rising 4.1% from a year earlier despite mounting caution about the U.S. economy’s strength,

Two of the nation’s largest trucking companies have joined forces, as Arkansas Best Corp. paid $180 million to acquire Panther Expedited Services in the largest acquisition in North American trucking so far this year.

American Trucking Associations said it will host a first-ever national summit on the growing use of natural gas as a fuel for moving freight across the country.

Demand for used heavy-duty trucks remained strong in May, but sales declined due to continued tight inventories of lower-mileage units, ACT Research reported.

ALLENTOWN, Pa. — Mack Trucks Inc. is likely to use technologies such as speed limiters and idling-reduction devices on its tractors to help its full family of vehicles comply with federal greenhouse-gas regulations set to take effect in 2014, a company official said.

FedEx Corp. said its fiscal fourth-quarter earnings, excluding a charge for aircraft retirements, rose to $634 million, helped by a 93% increase in operating income at the FedEx Freight segment.