Diesel Demand Rising at Fastest Pace in Five Years
U.S. diesel demand is rising at the fastest pace in five years as the economy expands and truckers haul more goods, boosting profits for refiners, Bloomberg reported Monday.
June 21, 2010Letters: Rate Setting, Fuel Efficiency, Restrictive Laws
About the two May 17 “rate setting” letters: It’s important for trucking companies to understand that we are the ones who set the rates.
June 21, 2010Recovery and Expansion
Amid the gyrations of the stock markets and the television talk-show discussions about a possible double-dip recession, virtually all business signs in the trucking industry show unmistakable movement toward recovery and expansion.
June 21, 2010L.A. Port OKs Plan to Ease Requirements for Minimum Number of Truck Trips
Harbor commissioners at the Port of Los Angeles late last week approved a proposal that will allow drayage operators — who were provided millions of dollars for the purchase of newer, cleaner trucks — to cut in half a requirement that they make a minimum of 300 annual trips to the port.
June 21, 2010Manufacturers Blast Moves that Could Raise LTL Rates
Shoe and clothing manufacturers are fuming at a decision that preserves less-than-truckload carriers’ freedom to raise shipping rates for shoes by up to 50% and could quadruple prices to ship clothing.
June 21, 2010Ruan CEO Named U.S. Chamber’s Vice Chairman
The U.S. Chamber of Commerce elected John Ruan III, chairman and chief executive officer of Ruan Transportation Management Systems, as vice chairman of its board of directors, the group announced June 9.
June 21, 2010LaHood Boosts Funds for Freight Rail; Says Aid Will Also Help Passenger Service
ARLINGTON, Va. — Transportation Secretary Ray LaHood said the Obama administration is spending money on freight rail projects to bolster its push for high-speed intercity passenger rail.
June 21, 2010Senators Introduce Bill Targeting Fraud Within the Freight Brokerage Business
A pair of U.S. senators introduced legislation last week aimed at curbing fraud by unscrupulous freight brokers.
June 21, 2010Schneider Sets Hiring Push
Schneider National Inc., the nation’s largest privately held truckload carrier, said that it plans to hire 2,000 more drivers this year — one of the most aggressive hiring drives in its 75-year history and an expansion that by itself would place the company among the 100 largest for-hire trucking fleets.
June 21, 2010FedEx Has Quarterly Profit, Reversing a Year-Ago Loss
FedEx Corp. reported a profit for its fiscal fourth quarter, rebounding from a loss a year ago, as a recovering global economy boosted international express shipments.
June 21, 2010