Trailer Shipments Plunge 11.8%
Shipments of new trailers to dealers and fleets fell 11.8% during the first five months of 2007, due in large part to the weaker economy, and will fall further this year, according to trailer manufacturers and analysts.
July 9, 2007Freight Decline Worsens
The decline in truck tonnage accelerated from April to May, dropping 3.6% compared with last May — the largest year-over-year fall-off since January.
July 9, 2007Trucking Industry’s Largest Carrier Turns 100
Order a T-shirt from Jockey online or send your Toshiba laptop for repair, and your new shirt probably will arrive the next day, your repaired computer within the week. Both likely will come from Worldport, UPS Inc.’s 4 million-square-foot international air hub in Louisville, Ky.
July 9, 2007Caltrans to Set Highway Project Approvals
California has become the first of five eligible states under a new federal transportation law to participate in a pilot program allowing the state’s Transportation Department to take the lead from the Federal Highway Administration for environmental approvals on transportation projects.
July 7, 2007Trucking Shares Rise
Shares of several major trucking companies rose this week, boosted by a report suggesting continued demand for raw materials and the need to transport those goods, the Associated Press reported.
July 3, 2007Freightliner Machinists Strike Oregon Plant
Machinists for Freightliner Trucks in Portland, Ore., went on strike Tuesday morning over insurance and overtime provisions in a proposed labor contract, the Oregonian newspaper reported.
July 3, 2007TTNews to Close Friday for July 4 Holiday
Transport Topics Online will be closed Friday for the July 4 holiday. Please check back on Monday, July 7, for the latest trucking and freight transportation news.
July 3, 2007European Regulators OK Chrysler Sale
European Union regulators have approved private-equity firm Cerberus Capital Management’s plan to buy DaimlerChrysler’s Chrysler division for $7.5 billion, Bloomberg reported Tuesday.
July 3, 2007Diesel Dips 0.6¢ to $2.829
The average retail price of U.S. diesel fuel fell 0.6 cent to $2.829 a gallon, the Department of Energy said Monday.
July 3, 2007CVSA Releases Roadcheck Results
The Commercial Vehicle Safety Alliance released results from its Roadcheck 2007 truck safety inspection program held last month, citing higher levels of hours of service violations but improvements in safety belt use among drivers.
July 2, 2007