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Business, Government, Technology, Equipment, Safety

Ryder to Switch from Pension Plan to 401(k)

Ryder System said late Thursday that it will freeze its pension system and shift to a 401(k) savings plan, in a move that will affect about a third of its employees.

Transport Topics
January 12, 2007
Business, Government

Retail Sales Rise 0.9% in December

U.S. retail sales rose 0.9% in November, the Commerce Department said Friday.

Transport Topics
January 12, 2007
Business, Autonomous

Volkswagen Rejects MAN’s Bid for Scania

Volkswagen AG, Swedish truck maker Scania AB’s largest shareholder, rejected German truck maker MAN AG’s $13.3 billion hostile bid for Scania, saying it prefers the two companies try to achieve a “friendly” combination, Bloomberg reported.

Transport Topics
January 12, 2007
Business

Fleets Face Uncertain Outlook as Freight Continues to Fall

Evidence is accumulating that freight volumes are falling significantly and that the traditional fourth-quarter peak was all but nonexistent, although analysts and fleet executives remain unsure of what will happen in the first half of the new year.

Jonathan S. Reiskin | Associate News Editor
January 12, 2007
Business, Fuel

Crude Oil Plunges to Close Trading at Below $52 a Barrel

Crude oil closed at below $52 a barrel Thursday for the first time in 19 months after a report showed that U.S. fuel consumption plunged to the lowest since April 2004, Bloomberg reported.

Transport Topics
January 11, 2007
Business, Government, Safety

FMCSA Proposes Mandatory EOBRs for Habitual Violators

WASHINGTON — The Federal Motor Carrier Safety Administration proposed a rule Thursday to mandate the use of electronic onboard recorders for habitual violators of federal hours-of-service rules.

Sean McNally | Staff Reporter
January 11, 2007
Business, Logistics, Autonomous

RoadLink USA Buys Intermodal Firm Transus

Intermodal and logistics firm RoadLink USA said Thursday that it has acquired Transus Intermodal, an intermodal trucking services company.

Transport Topics
January 11, 2007
Business

Initial Jobless Claims Drop 26,000 for Week

First-time U.S. jobless claims fell by 26,000 last week to 299,000, the Labor Department said Thursday.

Transport Topics
January 11, 2007
Business, Safety, Government, Equipment, Autonomous

ArvinMeritor to Develop Diesel-Electric Drivetrain for Wal-Mart

Trucking component maker ArvinMeritor and Wal-Mart Transportation have agreed to develop a dual-mode, diesel-electric drivetrain for a Class 8 tractor, the two said.

Transport Topics
January 11, 2007
Business, Fuel, Government

Schwarzenegger Orders Calif. to Further Cut Fuel Emissions

California Gov. Arnold Schwarzenegger (R) plans to ask state regulators to require the state’s petroleum refiners and gasoline sellers to cut greenhouse-gas emissions by 10%, the New York Times reported Wednesday.

Transport Topics
January 10, 2007

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