Business

Driver turnover among larger fleets rose modestly in the second quarter, but declined slightly at smaller fleets that traditionally have greater success in retaining drivers, American Trucking Associations reported last week.

Back in 2003, Virginia began its ill-advised drive to toll an existing federal highway to raise money for road work, much to the displeasure of the region’s business community, and especially the trucking industry.

With the nation’s transportation system facing a shortage of skilled talent, many industry executives, academic experts and government officials are calling for a national effort to attract and train more people for transportation-related jobs — from truck drivers and warehouse managers to highway engineers and public policymakers.

RALEIGH, N.C. — Maintenance directors meeting here shared techniques for combating rust and other forms of corrosion, which they said are a plague to trucks.

YRC Worldwide Inc. has completed its financial restructuring process, issuing 1.9 billion new shares of stock, driving its shares to an all-time low and raising the prospect of new steps to buoy the trading price.

The Federal Highway Administration has given Virginia approval to begin the process of imposing tolls on Interstate 95, the busiest north-south corridor on the East Coast.

RALEIGH, N.C. — Jeffrey Schlecht, who won the Technology & Maintenance Council’s Super-Tech competition last year, repeated as grand champion last week.

Package delivery giant FedEx Corp. improved net income by 22% to $464 million in its fiscal first quarter as the less-than-truckload unit delivered solid profit growth.

The average pump price for U.S. retail diesel declined for a second straight week, sliding 2.9 cents to $3.833 a gallon, the Department of Energy reported.