US 1 Accepts Buyout Offer from Executives
Logistics firm US 1 Industries has accepted a buyout offer from a company owned by two of its top executives.
February 22, 2011Expeditors’ Fourth-Quarter Profit Jumps
Logistics firm Expeditors International of Washington’s fourth-quarter profit jumped 40% to $96.5 million, or 45 cents a share, from $69.1 million, or 32 cents, a year earlier.
February 22, 2011Consumer Confidence Hits Three-Year High
Consumer confidence hit its highest level in three years in February, the New York-based Conference Board reported Tuesday.
February 22, 2011UPS Buys 48 LNG Heavy Trucks
UPS Inc. has purchased 48 heavy trucks powered by liquefied natural gas and will deploy them this year, it said Tuesday.
February 22, 2011YRC Offers Customers Free Mobile Apps
YRC Worldwide’s less-than-truckload units have introduced new mobile applications that will allow customers to check on their shipments and obtain other information through their mobile telephones.
February 22, 2011Werner Chairman Stepping Down in May
Clarence Werner, chairman of Werner Enterprises and founder of the carrier, will step down in May, the company said.
February 22, 2011‘Fixing’ the Unbroken
OK, now we’ve said it again: Leave the current hours-of-service rule alone because it has proven its value for promoting safety while allowing the freight transportation industry to continue moving the nation’s freight.
February 21, 2011Trucking Blasts HOS Plan
ARLINGTON, Va. — The Transportation Department’s new proposed hours-of-service rule is too complex, rigid, and would reduce the productivity of motor carriers, while making highways no safer, trucking industry and trade association executives and truck drivers told federal regulators last week.
February 21, 2011January Truck Sales Jump 25%, Fueling Optimism in Industry
Truck makers and dealers sold 9,236 Class 8 vehicles in the United States during January, a jump of 25% over January 2010’s pace, but about 2,500 below December’s strong results, WardsAuto.com reported.
February 21, 2011DOD Says Outsourcing Its Freight Management has Produced a Drop in Transportation Costs
Recent moves by the U.S. Department of Defense to outsource management of freight shipments and put in place a system for handling personal property of military service members appear to be paying off by reducing transportation costs, although some trucking industry officials continue to raise questions about the effectiveness and long-term savings of both programs.
February 21, 2011