Higher Fuel Costs Lower 1Q Earnings, But Many Fleets Top Year-Ago Results
Sharply higher fuel prices put a significant dent in first-quarter earnings for truckload fleets, but seven of the eight companies that have reported thus far still managed to top year-earlier results.
April 25, 2011FMCSA Allows More Time for Comments on EOBRs
The Federal Motor Carrier Safety Administration is seeking additional public comment on its proposed electronic onboard recorders rule to ensure motor carriers do not use the technology to violate the privacy of truck drivers.
April 25, 2011Fleet Chassis Citations Continue Despite New FMCSA Regulation
As a new federal chassis rule is taking effect this spring, frequent errors are hurting intermodal fleets’ safety records and saddling them with violations that were supposed to be charged against chassis providers, according to industry officials.
April 25, 2011Fleets Adopting Logging Systems Ahead of Mandate, Technology Equipment Vendors Say
CINCINNATI — Fleets are adopting electronic logging systems at a rapid pace in advance of a federal mandate, according to technology vendors and fleet executives.
April 25, 2011Diesel Fuel, Gasoline Prices Spiral Higher
The surge in diesel prices continued last week, as the U.S. retail average rose 2.7 cents a gallon to $4.105, the Department of Energy reported.
April 25, 2011Oil Finishes Week Over $112; Obama Administration to Probe Speculation
Oil finished the trading week over $112 a barrel and the Obama administration will examine the role of traders and speculators in oil markets and their contribution to high fuel prices, Bloomberg reported.
April 22, 2011Michelin’s Sales Jump 28% on Higher Truck Demand
Tire maker Michelin & Cie. said its first-quarter revenue rose 28%, led by surging demand in truck tires and a general economic rebound, Bloomberg reported.
April 22, 2011Intermodal Traffic Grows 9.8% for Week
Intermodal traffic increased 9.8% last week from a year ago, the Association of American Railroads reported.
April 22, 2011Opinion: Passing Through the Patent ‘Troll’ Booth
As technologies are implemented and improved in various industries, companies are at an increased risk of being sued for patent infringement. This is particularly true as federal or state regulators move to require companies to use electronic tracking or other technology.
April 22, 2011Werner’s First-Quarter Earnings Jump 50%
Werner Enterprises’ first-quarter earnings rose 50% on higher freight shipments.
April 21, 2011