Daimler Recalls 110,000 Trucks to Fix Defect in Detroit Diesel Engines
Daimler Trucks North America said it was recalling all 110,000 of its 2006-2013 Freightliner, Western Star and Sterling trucks equipped with Detroit Diesel 13-, 15- and 16-liter engines to fix a defect the National Highway Traffic Safety Administration said could cause accidents, fuel leaks and fires.
March 12, 2012Navistar Blames 1Q Loss on Costs for Engine Repairs
Truck producer Navistar International Corp. reported a loss of $153 million for its fiscal first quarter, attributing $112 million of the loss to costs of repairing faulty engines, including initial models of its 2010 technology engines.
March 12, 2012January Sales of Used Class 8 Trucks Decline
Wholesale used Class 8 truck dealers have seen more of a drop-off in their business than retailers and auctioneers because of the difficulty of getting product, but the used truck market could get some relief from trade-ins resulting from burgeoning new truck sales, according to ACT Research Co. and some dealers.
March 12, 2012EEOC Sues Celadon Over Disqualifying Drivers for Disabilities Found During Physical Exams
Celadon Trucking Services Inc.’s practice requiring pre-employment physical exams for drivers is the subject of a new lawsuit, in which the federal government said the exams violate a federal law prohibiting discrimination related to certain disabilities.
March 12, 2012Diesel Gains 4.3¢ to $4.094 a Gallon
Retail diesel prices advanced an additional 4.3 cents a gallon to a national average of $4.094 last week, a level not seen in 10 months, the U.S. Department of Energy reported.
March 12, 2012Oil Finishes Week Over $107 a Barrel
Oil rose for a third day, finishing the trading day over $107 a barrel for the first time in 10 days, Bloomberg reported.
March 9, 2012Unemployment Rate Holds at 8.3%; Trucking Adds 10,000 Jobs
The U.S. unemployment rate held at 8.3% in February, and trucking added more than 10,000 jobs, the Labor Department said Friday.
March 9, 2012Intermodal Traffic Rises 6% for Week
U.S. intermodal traffic rose 6% for the week ended Saturday from a year ago, the Association of American Railroads said.
March 9, 2012Wholesale Inventories Rise 0.4%
Wholesale inventories rose 0.4% in January, the Commerce Department said Friday.
March 9, 2012Trade Gap Is Highest in More Than Three Years
The U.S. trade deficit widened in January to its highest level since October 2008, the Commerce Department said Friday.
March 9, 2012