YRC Reports $44.4 Million Loss
YRC Worldwide Inc. reported a $44.4 million loss, or $4.45 per share, in the third quarter, compared with net income of $3 million, or 40 cents per share, in the year-earlier period.
November 12, 2013Diesel Falls 2.5¢ to $3.832; Gasoline Drops to 3-Year Low
The average price of diesel fuel fell 2.5 cents to $3.832 a gallon, its lowest price in more than four months, as gasoline dropped to its lowest price since February 2011, the U.S. Department of Energy reported Nov. 12.
November 12, 2013FMCSA Considers Mexican Carrier for Cross-Border Program
The Federal Motor Carrier Administration is considering certification of the 15th carrier under the cross-border pilot program that allows Mexican trucking companies to run longhaul trips in the United States.
November 12, 2013Feds Seek Rule Changes to Help Military Veterans Become Truck Drivers
Federal truck safety officials said they plan to revise regulations in an effort to help veterans and military personnel more easily become civilian truck drivers.
November 12, 2013Arkansas Best Net Income More Than Doubles
Arkansas Best Corp. more than doubled third-quarter earnings to $14 million, or 52 cents per share, sparked by improved results at both the ABF Freight System less-than-truckload unit and other services.
November 12, 2013Heartland Express Buys Gordon Trucking for $300 Mln.
Heartland Express Inc. said it has acquired all of the stock of Gordon Trucking Inc., which Heartland said creates the fifth-largest asset-based truckload fleet in North America.
November 12, 2013Amazon to Offer Sunday Package Delivery Through Postal Service
Amazon.com Inc. said it is working with the U.S. Postal Service to begin offering Sunday package delivery in Los Angeles and New York City beginning this week.
November 12, 2013DHL 3Q Profit Increases
Deutsche Post AG, Europe’s largest package express carrier, said its third-quarter profits increased 5.8% to 399 million euros ($535 million).
November 12, 2013Apollo Tyres Didn’t Breach Union Obligations, Judge Rules
A Delaware Judge ruled that Apollo Tyres didn’t breach its obligations to try to resolve a dispute with a labor union during its acquisition of Cooper Tire and Rubber Co., Bloomberg News reported.
November 12, 2013University of Michigan to Create Fleet of Driverless Vehicles by 2021
The University of Michigan announced a partnership with the Ann Arbor government to create a fleet of networked driverless vehicles by 2021.
November 12, 2013