Old Dominion Sets 4.9% Rate Increase
Less-than-truckload carrier Old Dominion Freight Line said it will implement a 4.9% rate increase, effective Sept. 6.
August 24, 2011Red Dot Agrees to Purchase Heating, A/C Maker JBAR
Red Dot, which makes heating and air-conditioning systems for trucks and other heavy vehicles, said it will purchase JBAR A/C, which makes that equipment for construction and material-handling customers.
August 24, 2011Cascade Sierra Solutions Debuts Equipment Financing Program
Cascade Sierra Solutions, a firm that backs emissions-reduction investments for trucking, has announced a $20 million financing program to back purchases of new equipment.
August 24, 2011July Truck Tonnage Rises 3.9%
Truck tonnage rose 3.9% in July from a year ago, American Trucking Associations said Tuesday.
August 23, 2011New Home Sales Fall to Five-Month Low
New home sales fell for the third straight month in July, declining 0.7% to 298,000, the lowest level in five months, the Commerce Department said Tuesday.
August 23, 2011USA Truck Expects Third-Quarter Loss
USA Truck announced that it expects a net loss for the third quarter of 2011, but said it is too early in the quarter to predict the range of the expected loss.
August 23, 2011TransCore Launches Insurance Monitoring Center
TransCore has announced the opening of its CarrierWatch Insurance Monitoring Center, designed to help freight brokers, third-party logistics companies and shippers add new carriers and monitor the ones they already use.
August 23, 2011Ohio Gov. Moves Ahead With Turnpike Lease Plan
Ohio Gov. John Kasich is moving ahead with his plan to lease the Ohio Turnpike to a private operator, telling a newspaper that he plans to hire a consultant to determine the road’s value.
August 23, 2011Diesel Dips 2.5¢ to $3.810 in Fourth Straight Decline
Diesel’s national average pump price declined for a fourth consecutive week, dipping 2.5 cents to $3.810 a gallon, while gasoline decreased 2.3 cents to $3.581, the Department of Energy said.
August 22, 2011Norquist Says He Will Not Block Extension of Federal Fuel Taxes
Anti-tax advocate Grover Norquist said he will not try to get federal fuel taxes eliminated during the expected congressional debate in September over whether to extend the nation’s transportation spending plan, Bloomberg reported.
August 22, 2011