Truckers Hauled Vast Majority of Freight During 2007, New U.S. DOT Analysis Finds
Trucks hauled the vast majority of freight in the United States, according to the Department of Transportation’s Bureau of Transportation Statistics.
February 7, 2011Second Bridge Linking Detroit, Ontario Key to Michigan Economy, Gov. Says
Rick Snyder, Michigan’s new governor, is forcefully pushing to accomplish what his predecessors failed to do — building a second bridge between Detroit and Windsor, Ontario, the busiest freight crossing in the United States.
February 7, 2011Tire Manufacturers Boost Prices as Rubber, Oil Costs Increase
Truck tire manufacturers have raised prices up to 12% in recent weeks, citing materials costs, while concern is mounting about future supplies after the sudden rise in new tractor and trailer sales.
February 7, 2011Massive Blizzard Paralyzes Truckers, Leads to ‘Staggering’ Losses for Carriers
At Beaver Express Service in Woodward, Okla., near the state’s panhandle, company president Mike Stone spent most of last week trying to figure out which of his terminals, scattered across six states, could reopen after a record-breaking blizzard buried them.
February 7, 2011Diesel Gains 0.8¢ to $3.438; Gasoline Dips to $3.101
The average price of a gallon of U.S. retail diesel rose for a ninth straight week, edging up 0.8 cent to $3.438, the Department of Energy reported.
February 7, 2011Brink’s Posts Lower 4Q Profit
Armored vehicle transportation company Brink’s said its fourth-quarter profit declined from a year ago while its full-year earnings rose.
February 6, 2011Volvo Reports 4Q Profit, Boosts 2011 Forecast
Volvo AB reported a fourth-quarter profit, boosted its 2011 truck-delivery forecast by 10% and said is considering assembling heavy trucks in China.
February 4, 2011Unemployment Rate Falls to 9%; Trucking Adds 3,200 Jobs
The U.S. unemployment rate fell to 9% in January, the lowest in almost two years, from 9.4% in December, the Labor Department said Friday.
February 4, 2011YRC Worldwide Reports Fourth-Quarter Profit
YRC Worldwide Friday reported fourth-quarter net income of $23.1 million, or 49 cents per share, though it lost $322 million, or $8.13 per share, for the full year.
February 4, 2011Accuride Sells Truck Seating Unit to CVG
Commercial Vehicle Group said Jan. 31 it bought heavy-duty truck seating unit Bostrom Seating from fellow component maker Accuride Corp., for $8.8 million.
February 4, 2011