Executives Say Used Trucks Remain Scarce, Despite 2011 Rise in New Class 8 Deliveries
The increase in new Class 8 deliveries in 2011 hasn’t yet done anything to ease the scarcity of used vehicles and, if anything, has added even more upward price pressure, industry executives and analysts said.
February 6, 2012ATA Promotes Sharma to General Counsel
American Trucking Associations said last week that Prasad Sharma has been promoted to general counsel and senior vice president.
February 6, 2012Factory Orders Rise for Second Straight Month
Factory orders rose 1.1%, the second straight increase, the Commerce Department reported.
February 3, 2012Unemployment Rate Declines to 8.3%; Trucking Adds 5,300 Jobs
The unemployment rate dropped in January to 8.3%, the lowest almost in three years, while the economy added 243,000 jobs, including 5,300 trucking jobs, the Labor Department said Friday.
February 3, 2012Railroads, Union Agree; Possible Strike Averted
The largest U.S. freight railroads reached a tentative agreement last week with a union representing track and bridge maintenance workers, eliminating the possibility of a nationwide work stoppage.
February 3, 2012Weekly Intermodal Traffic Rises 5.5%
U.S. intermodal traffic rose 5.5% for the week ended Saturday from a year ago, the Association of American Railroads reported.
February 3, 2012Cummins’ Profit Rises for 4Q, Year
Diesel engine maker Cummins Inc. on Thursday said its fourth-quarter profit rose from a year ago as sales climbed to a quarterly record.
February 3, 2012Provisions for Heavier Trucks Removed from House Transportation Bill
Provisions for heavier, longer trucks contained in a transportation reauthorization bill introduced in the U.S. House of Representatives Tuesday did not survive the bill’s first hearing.
February 2, 2012Iteris Swings to Fiscal 3Q Profit
Iteris Inc., a provider of traffic management technology, said it posted a profit in its third fiscal quarter.
February 2, 2012Covenant Posts Fourth-Quarter Loss
Covenant Transportation Group reported a fourth-quarter loss as freight revenue declined.
February 2, 2012