Allied Systems to Buy PTS
Performance Transportation Services, a Wayne, Mich., auto transporter, said it, along with certain subsidiaries, will file for chapter 11 bankruptcy as part of a $67 million deal to sell nearly all of its assets to Allied Systems Holdings.
November 21, 2007NITL President Ficker Resigns
John Ficker, president of the National Industrial Transportation League, will step down at the end of November, NITL said Monday.
November 19, 2007U.S. Shipments to Mexico, Canada Hit Record in 2006
The value of U.S. Freight Shipments to Canada and Mexico in 2006 rose to a record $866 billion from $790 billion in 2005, the Department of Transportation’s Bureau of Transportation Statistics said Monday.
November 19, 2007Fenway Partners Acquires Consolidated Fastfrate
Private Equity firm Fenway Partners, New York, N.Y., said Monday it acquired Canadian transportation firm Consolidated Fastfrate.
November 19, 2007Diesel Jumps to $3.425
U.S. diesel fuel prices rose another 12.2 cents last week to $3.425 a gallon, the second consecutive record high and the eighth increase in the past nine weeks, the Department of Energy said.
November 19, 2007Class 8 Truck Sales Drop 53.1% In Oct. on Weak Freight Market
Heavy-duty retail truck sales in the United States fell 53.1% in October, the sixth straight month in which sales fell 50% or more below 2006 levels, according to WardsAuto.com.
November 19, 2007UPS Executive Urges Shippers To Back Taxes for Infrastructure
ATLANTA — UPS Inc.’s incoming chief financial officer told shippers here what freight carriers have long heard: The U.S. transportation network is so clogged — and getting worse — that Congress must create an infrastructure improvement plan and pay for it with dedicated taxes on the system’s users.
November 19, 2007Intermodal Traffic Falls for Week
Rail traffic in the week ended Saturday increased compared with the same week a year ago, but intermodal traffic slipped, the Association of American Railroads said.
November 16, 2007CFI Raises Driver Pay
Contract Freighters Inc., Joplin, Mo., said it will raise pay for all drivers by 1 cent per mile.
November 16, 2007Letters to the Editor: No Parking, Fuel Surcharges, Silent Attack, Driver Surveillance, Ports’ Truck Ban
For almost 30 years, we have had parking areas in mile-zone 262 near Elk Mountain in Wyoming. In 2006, the westbound parking area was removed during road repair. In 2007, the east-bound parking area was removed during road repair. Apparently, Wyoming does not intend to replace these two parking areas.
November 16, 2007