Fleet Failures Slow in 2Q as Freight Market Tightens
Fleet failures slowed sharply in the second quarter after a bulge earlier in the year, dropping to the lowest number in nearly four years because the trucking business is gaining strength, an Avondale Partners report said.
August 16, 2010House Bill to Ban Double-Decker Trailers for Horse Transport Concerns Truckers
Federal legislation that would ban the use of double-decker trailers to transport horses has drawn the ire of trucking and other interest groups because they say there has not been adequate debate.
August 16, 2010Diesel Jumps 6.3¢ to $2.991
The average price of a gallon of retail diesel in the country jumped 6.3 cents last week to $2.991, the largest one-week increase since early April, the Department of Energy reported.
August 16, 2010Retail Sales Improve in July
Retail sales rose 0.4% in July, let by higher auto and gasoline sales, the Commerce Department said Friday.
August 13, 2010Business Inventories Rise 0.3%
Business inventories rose 0.3% in June, a faster pace than the previous month, the Commerce Department said Friday.
August 13, 2010Consumer Confidence Improves in August
Consumer confidence improved in August, according to the latest Reuters/University of Michigan monthly consumer sentiment index released Friday.
August 13, 2010ATRI Survey Seeks Trucking Industry’s Top Concerns
The American Transportation Research Institute this week released its annual survey to gauge the trucking industry’s top concerns.
August 13, 2010Weekly Intermodal Traffic Rises 18.6%
Intermodal rail traffic rose 18.6% last week, the Association of American Railroads said.
August 12, 2010New Century Transportation Plans IPO
New Century Transportation became the latest trucking company to plan an initial public offering, news services reported.
August 12, 2010Trimac’s 2Q Income Improves
Canadian transportation firm Trimac Income Fund said it earned C$3.1 million, or 9 cents per unit, in the second quarter, up from C$1.1 million, or 3 cents, a year ago.
August 12, 2010