DOT Freight Index Falls 14.8% in May
The Department of Transportation said its freight transportation services index fell 14.8% in May from a year earlier to its lowest level in 12 years.
July 10, 2009YRC, Teamsters Reach Tentative Agreement
YRC Worldwide said Thursday it has reached a tentative agreement with the Teamsters union on cost-cutting measures.
July 9, 2009ATA Cites Infrastructure Needs Raised by Traffic Study
American Trucking Associations said the results of a new highway traffic congestion study highlight the importance of investing in U.S. highway infrastructure.
July 9, 2009Jobless Claims Fall to January Level
Initial jobless claims fell last week to their lowest level since January, the Labor Department said Thursday.
July 9, 2009YRC Talking With Debt Advisors, Teamsters
YRC Worldwide said Thursday that a financial advisory firm has begun talks with key holders of the carrier’s debt securities as part of an effort to strengthen the company’s cash position and capital structure.
July 9, 2009Oil Falls to Near $60 a Barrel as Inventories Rise
Oil fell almost $3 to near $60 a barrel Wednesday, following an Energy Department report that showed the highest level of distillate fuel inventories in 16 years, Bloomberg reported.
July 8, 2009Schneider Sells Czech Logistics Business
Schneider Logistics said it has sold its operations based in Olomouc, Czech Republic, to ExlService Holdings, an outsourcing company.
July 8, 2009Freightliner Unveils Natural Gas Truck
Freightliner Trucks has introduced its first natural gas-powered truck, the Freightliner Business Class M2 112 NG, the company said.
July 8, 2009UPS, FedEx Expand Reports of Carbon Emission Sources
Parcel carriers UPS Inc. and FedEx Corp. are broadening their accounting of greenhouse gas emissions, targeting sources beyond their own direct emissions.
July 8, 2009Traffic Delays Fell in 2007
U.S. drivers spent less time in traffic delays in 2007 for the first time in at least 25 years, a new study showed.
July 8, 2009