Truck Sales Gain 2.8% in November
Strong volume increases at Freightliner and Navistar drove the expansion of U.S. heavy-duty truck sales into a sixth month during November, although for the full year, purchase levels are all but guaranteed to fall below those of 2007, according to the latest survey from WardsAuto.com.
December 29, 2008Trailer Makers Expect Little Joy in 2009
Saddled with widespread layoffs and continued slumping sales, trailer manufacturers have low expectations for 2009, as fleet customers hunker down to cope with a recession, dwindling freight markets and tight credit.
December 29, 2008Driver Turnover at Truckload Carriers Drops to Lowest Levels
Truckload driver turnover rates fell to the lowest levels since American Trucking Associations began collecting the data in 1995, as trucking companies cut jobs and trimmed the size of their fleets in the face of sharply falling freight-hauling demand in the third quarter.
December 29, 2008Public Citizen Leads New Challenge to HOS Rule
A coalition of advocacy and labor groups last week again challenged the revised driver hours-of-service rule, asking the Federal Motor Carrier Safety Administration to reconsider provisions in the rule that allow truckers to drive 11 hours in a workday and reset their weekly hour limit by taking 34 hours off.
December 29, 2008Truck Tonnage Falls 1.8% in November
Truck tonnage fell 1.8% in November from the same month last year, matching October’s year-over-year downturn, and “the freight outlook remains bleak,” American Trucking Associations said.
December 23, 2008TTNews.com to Close for Christmas Holiday
Transport Topics Online will be closed Thursday and Friday for the Christmas holiday. Please check back on Monday, Dec. 28, for the latest trucking and freight transportation news.
December 23, 2008Diesel Drops 5.6¢ to $2.366; Gasoline’s Decline Slows
The national average price of diesel fuel fell 5.6 cents to $2.366 a gallon, while gasoline’s decline slowed to less than a penny, the Department of Energy reported Monday.
December 23, 2008Ryder Completes Logistics Acquisition
Ryder System said Tuesday it has completed its acquisition of a Canadian logistics firm with operations in China.
December 23, 2008Old Dominion Lowers Earnings Forecast
Old Dominion Freight Line said Tuesday it is lowering its profit forecast due to difficult economic conditions.
December 23, 2008Third-Quarter GDP Fell 0.5%, Commerce Says
The U.S. economy contracted 0.5% in the third quarter, the Commerce Department said Tuesday in its final of three estimates.
December 23, 2008