UPS Asks European Court to Reverse Ruling That Blocked Its Acquisition of TNT Express
UPS Inc. signaled its continued interest in Hoofddorp, Netherlands- based package and freight carrier TNT Express — currently pledged to a merger with FedEx Corp. — by asking a European Union court to reverse a 2013 regulatory ruling that blocked UPS from acquiring TNT.
April 18, 2016Teamsters Protest Looming Pension Cuts at D.C. Rally
WASHINGTON — Thousands of Teamsters retirees, angered by looming pension cuts of 50% or more, descended on Washington April 14 to protest the reductions ahead of a May 7 deadline for a Treasury Department decision on the proposed cutbacks.
April 14, 2016Little Optimism About 1Q Earnings Due to Economy, Capacity Surplus
A sluggish U.S. economy and a surplus of freight capacity are creating little optimism about first-quarter earnings reports that begin arriving this week from publicly traded carriers, analysts said.
April 11, 2016UPS Court Filing Signals Continued Interest in TNT Express
UPS Inc. signaled its continued interest in Netherlands-based package and freight carrier TNT — currently pledged to a merger with FedEx Corp. — by asking a European Union court to reverse a 2013 regulatory ruling that blocked UPS from acquiring the Dutch company.
April 9, 2016STB Proposes to Restore Rail Regulation for Steel, Coke, Stone, Other Commodities
The Surface Transportation Board is asking for comments on a proposal to restore rail regulatory oversight for cement, steel, scrap, coke, crushed stone and gravel shipments, citing a rise in rail market power and rates for that freight.
April 4, 2016LTL Carriers Boost Dimensioner Use to Improve Pricing Accuracy, Profits
Less-than-truckload carriers have more than quadrupled the use of dimensioner technology to improve pricing accuracy and profitability, experts said.
April 4, 2016February Tonnage Sets Record
Truck tonnage jumped 8.6% in February, posting an all-time record that was helped by freight that moved later due to January storms, American Trucking Associations reported last week.
March 28, 2016Volvo Debuts Updated Powertrain, Claims Additional Fuel Efficiency
HAGERSTOWN, Md. — Volvo Trucks North America last week introduced a suite of new products, including 2017 engines and powertrain enhancements, with the common goals of enhancing fuel efficiency and driver experience.
March 28, 2016Volvo Starts Interim Repair Process for 15,835 Recalled Trucks
Volvo Trucks North America has begun distributing interim repair information to address the recall of 15,835 of its 2016 and 2017 models in the United States for a steering shaft defect that has prompted both the manufacturer and the U.S. government to urge that the units be taken out of service immediately.
March 23, 2016Volvo Introduces New Engine, Powertrain Enhancements
HAGERSTOWN, Md. — Volvo Trucks North America introduced a suite of new products, including 2017 engines as well as powertrain enhancements with the common goals of enhancing customers’ fuel efficiency and driver experience.
March 22, 2016