Auto Sales Reach Highest Level Since 2007
Auto sales in the United States grew in November to the highest rate since February 2007, Bloomberg News reported.
December 3, 2013TT Podcasts: RoadSigns
Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.
Used-Truck Prices Rise as More-Recent Models Reach Market
Used-truck prices have escalated in recent months as more late-model, low-mileage equipment has reached the used market, analysts said.
December 3, 2013FedEx Has Busiest Day in Company History on Cyber Monday
FedEx Corp. said it had its busiest day in company history Cyber Monday, moving more than 22 million shipments worldwide.
December 3, 2013Diesel Takes Second Straight Increase; Gas Sees First Drop in 3 Weeks
Diesel’s national average price rose for a second straight week, gaining 3.9 cents to $3.883 a gallon, the Department of Energy reported Dec. 2.
December 3, 2013Old Dominion’s Daily Tonnage Increases
Old Dominion Freight Line Inc. said the amount of freight tonnage it hauled in October and November rose compared with the previous year, causing the carrier to increase its tonnage expectations for the fourth quarter.
December 3, 2013Bill Seeks to Prevent Independent Contractor Misclassification
Sen. Bob Casey (D-Pa.) and five co-sponsors have introduced a bill they said would prevent fraud in the hiring of independent contractors.
December 2, 2013Universal Truckload Services to Acquire Westport Axle for $123 Million
Universal Truckload Services Inc. said it will acquire Westport Axle Corp. from its Brazilian owners for $123 million.
December 2, 2013Volvo’s Indian Joint Venture Launches Pro Series Trucks, Buses
Volvo Group’s India-based joint venture with Eicher Motors has launched the Pro Series of trucks and buses, which are designed specifically for India and similar markets.
December 2, 2013Construction Spending Rises 0.8% in October
Construction spending rose 0.8% in October to the highest pace in six years, the Commerce Department reported Dec. 2.
December 2, 2013Holiday Retail Sales Rise 2.3%
U.S. retail sales increased 2.3% on Thanksgiving and Black Friday, matching predictions of the weakest holiday sales since 2009, Bloomberg News reported.
December 2, 2013