Oil Falls for First Time in Week
Oil fell for the first time in eight days Friday to below $92 a barrel, after topping out at a nine-week high on Thursday, Bloomberg reported.
July 20, 2012TT Podcasts: RoadSigns
Volvo's Chayene de Souza and Magnus Gustafson discuss how new, connected trucks can boost business, enhance safety practices, and reinforce preventative maintenance plans.
Swift’s 2Q Profit Improves
Swift Transportation’s second-quarter profit rose on improved trucking pricing and expanded intermodal operations.
July 20, 2012OMB Streamlines Review Process for East Coast Port Modernization Projects
The Obama administration said it will streamline the permit and review process for five East Coast port modernization projects.
July 20, 2012Heartland’s Income Drops but Revenue, Fleet Size Increase
Heartland Express said its second-quarter profit fell 19% from a year ago, but its revenue and fleet size both rose.
July 20, 2012Fleets Stick to Buying Habits, But Leasing Is Gaining Favor
Truck manufacturers are not seeing significant changes in the buying habits of for-hire fleets, though there are some signs of increased interest in leasing, industry experts said.
July 20, 2012Forward Air’s Second-Quarter Income Rises
Forward Air Corp.’s second-quarter net income rose to $14.2 million, or 48 cents a share, from $12 million, or 40 cents, a year ago.
July 20, 2012Hub Group’s Profit Rises on Stronger Logistics, Intermodal Operations
Hub Group Inc.’s second-quarter profit rose 18% as its intermodal and logistics operations improved.
July 20, 2012Intermodal Traffic Rises 5.6% for Week
U.S. intermodal traffic rose 6.8% last week from the same week a year ago, the Association of American Railroads reported.
July 19, 2012Daimler’s China Venture to Build Engine Plant
Daimler AG and its joint-venture partner, China’s Beiqi Foton Motor Co., said they will build a $166 million plant with the capacity to make as many as 45,000 engines a year for its trucks to serve the fast-growing Chinese market.
July 19, 2012Vitran Reports Second-Quarter Loss
Vitran Corp. reported a second-quarter loss Thursday as its less-than-truckload operations declined.
July 19, 2012