FedEx Freight Announces 6.9% Rate Increase
FedEx Freight announced Friday it will raise shipping rates by 6.9% on July 9.
June 8, 2012CARB Declines to Extend Reefer Rule Deadline
California environmental regulators have approved a slate of amendments to fine-tune the state’s transport refrigerated unit rule, but denied a request by industry stakeholders to push back compliance deadlines by extending the useful life of the units from seven to nine years.
Old Dominion Sets 4.9% Rate Increase
Less-than-truckload carrier Old Dominion Freight Line said it will implement a 4.9% rate increase, effective Sept. 6.
August 24, 2011UPS, ABF Raise Rates 6.9%, Heralding Industry Increases
UPS Freight and ABF Freight System, two of the nation’s largest less-than-truckload carriers, recently announced general rate increases of 6.9% each, a move analysts said heralds an industry push to higher rates.
July 11, 2011Fed Trims Economic Forecast; Holds Key Interest Rate at Record Low
Federal Reserve officials lowered their forecasts for growth and employment this year and into 2012, saying the U.S. economy “is continuing at a moderate pace, though somewhat more slowly” than previously projected.
June 22, 2011Refrigerated Fleets Seek Reimbursement for Rising Costs of Cooling Shipments
While all fleet managers are waging a battle with soaring diesel prices, refrigerated carriers are facing a second front in terms of collecting fuel surcharges to cover the cost of buying the red-dyed diesel that powers the engines of their reefer units.
April 25, 2011Trucking Rates Rising Due to Tighter Capacity, Higher Costs
Trucking firms could see their biggest rate increases in years in 2011, and coupled with rising equipment and fuel prices, end products’ costs could increase accordingly, USA Today reported Monday.
February 28, 2011Unemployment Rate Falls to 9%; Trucking Adds 3,200 Jobs
The U.S. unemployment rate fell to 9% in January, the lowest in almost two years, from 9.4% in December, the Labor Department said Friday.
February 4, 2011Fed Keeps Interest Rate at Record Low
The Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low rate of zero to 0.25%.
January 26, 2011CARB May Be Flexible on Reefer Retrofits
California environmental regulators have pledged to cut truckers some slack early next year while enforcing the state’s amended transport refrigeration unit rule that will require all refrigerated trucks and trailers be equipped with low emission TRU retrofits or engines on their 2003 trucks and trailers by Dec. 31.