Building Permits Rise to Five-Year High
Applications for home construction, an indicator of future construction activity, rose to the highest level in five years in October, the Commerce Department said Nov. 26.
November 26, 2013JF Hillebrand Buys Satellite Logistics
Satellite Logistics Group said it has been purchased by JF Hillebrand Group AG, a company based in Mainz, Germany, that provides beverage logistics services globally. Terms were not disclosed.
November 26, 2013Judge Clears Pilot’s $84.9 Mln. Rebate-Fraud Settlement
A federal judge in Arkansas on Nov. 25 approved an $84.9 million settlement calling for Pilot Flying J to reimburse an estimated 5,500 customers who have alleged that the truck-stop chain shortchanged them on diesel fuel rebates dating to 2005.
November 25, 2013Kentucky Gets Federal Loan for Ohio River Bridges Project
Kentucky was awarded a low-interest federal loan that will save an estimated $100 million in financing costs for the Ohio River Bridges Project, Gov. Steve Beshear’s office announced Nov. 20.
November 25, 2013Ohio Sen. Wants FMCSA’s Role in Food Safety Defined
Sen. Sherrod Brown (D-Ohio) wants the Federal Motor Carrier Safety Administration to take a more active role in food safety when the national food supply is moving in refrigerated vans and tank trucks.
November 25, 2013Tolls End On Ga. 400 In Atlanta
Georgia Gov. Nathan Deal (R) collected the last toll on State Route 400 on Nov. 22, keeping the state’s promise to end tolling on the road once its debt had been retired.
November 25, 2013Class 8 Fleet Grows to 4-Year High
The total U.S. Class 8 truck fleet expanded to 3.63 million vehicles at the end of the third quarter, the highest level in four years and up 3% from the same period a year earlier, according to registration data from R.L. Polk & Co.
November 25, 2013Manitoulin Transport Acquires Canadian Carrier Smooth Freight
Manitoulin Transport, an Ontario-based carrier, said it has acquired truckload and less-than-truckload carrier Smooth Freight. Terms were not disclosed.
November 25, 2013October Trailer Orders Increase 6%
Trailer orders rose 6% in October from a year ago to 24,900 units, ACT Research Co. reported.
November 25, 2013Opinion: The Operating Ratio Paradigm
For 25 years or longer, operating ratio (the ratio of operating expenses to operating revenue) has been a common measure of profitability and efficiency in the truckload transportation industry.
November 25, 2013