1Q Driver Turnover Rates Rise
Driver turnover rates rose in the first quarter at both large truckload and less-than-truckload carriers, while the rate fell modestly for smaller truckload carriers, according to new American Trucking Associations data.
June 18, 2007Analyst Lowers 2Q Outlook
An analyst with Stifel, Nicolaus & Co. lowered the second-quarter and full-year earnings estimates on 13 freight companies — including 12 trucking companies — citing continued softness in the transportation market, the Associated Press reported.
June 18, 2007ATA Reorganizes Highway Watch Program
American Truck Associations has announced a reorganization of the management of the Highway Watch program.
June 18, 2007Democrats Demand Action on ‘Hot’ Fuel
WASHINGTON — Congressional Democrats said steps need to be taken to ensure that U.S. consumers are not getting shortchanged by “hot” fuel, but representatives of the fuel retailing industry said adjusting sales by temperature was unnecessary and would hurt small businesses.
June 18, 2007iTECH: Capturing Data for Electronic Driver Logs
May Truck Sales Fall 51%
Heavy-duty retail truck sales in the United States fell 51.7% in May from year-ago levels, the result of slowing freight demand and the impact of last year’s big pre-buy.
June 18, 2007Class 8 Fleet Grows 4.8% as Freight Levels Drop
The U.S. heavy-duty truck fleet was about 4.8% larger at the end of the first quarter than it was in the comparable period last year, according to new data from R.K. Polk & Co.
June 18, 2007NYC Cuts Traffic-Plan Fee for Trucks Meeting EPA Rule
New York City Mayor Michael Bloomberg announced a change in his congestion pricing proposal, saying trucks meeting federal engine emission standards would be charged $7 to enter Manhattan at peak times, rather than $21.
June 18, 2007Quality Names New CEO
Tank truck carrier Quality Distribution named Gary Enzor to be the company’s chief executive officer effective immediately, replacing Gerry Detter.
June 15, 2007Volvo to Boost European Truck, Engine Capacity
Volvo AB will invest more than $240 million to expand engine and gearbox production in Europe, Bloomberg reported Friday.
June 15, 2007