January Truck Sales Jump 25%, Fueling Optimism in Industry
Truck makers and dealers sold 9,236 Class 8 vehicles in the United States during January, a jump of 25% over January 2010’s pace, but about 2,500 below December’s strong results, WardsAuto.com reported.
February 21, 2011Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
DOD Says Outsourcing Its Freight Management has Produced a Drop in Transportation Costs
Recent moves by the U.S. Department of Defense to outsource management of freight shipments and put in place a system for handling personal property of military service members appear to be paying off by reducing transportation costs, although some trucking industry officials continue to raise questions about the effectiveness and long-term savings of both programs.
February 21, 2011Freight Shows More Growth in February Despite Series of Severe Winter Storms
Several February reports appear to indicate that a steadily improving economy holds long-term promise for trucking, despite the negative freight effects of recent winter weather.
February 21, 2011Canada Pushes Ahead With Biodiesel Plan Regardless of Trucking Industry Concerns
The Canadian government announced it is pushing forward with its plan for a national 2% biodiesel mandate, setting July as its implementation date despite truckers’ concerns.
February 21, 2011ATA, L.A. Port File Final Briefs With Court in Dispute on Use of Owner-Operators
Lawyers for American Trucking Associations and the Port of Los Angeles completed filing their written legal arguments last week over the port’s attempted ban on independent owner-operators.
February 21, 2011Recent Surge in Orders for New Trucks Expected to Slow in 2011, Experts Say
CORAL GABLES, Fla. — The recent surge in heavy-duty truck orders will slow as the buying focus shifts from better-capitalized large fleets to smaller carriers that may not be able to afford as much new equipment, industry experts said.
February 21, 2011FedEx Lowers 3Q Forecast Due to Weather, Fuel Costs
Severe winter weather, along with rising fuel prices, are taking a toll on some freight companies, prompting FedEx Corp. to reduce its earnings forecast for its current quarter by 25 cents a share.
February 21, 2011Diesel Jumps 2.1¢ to $3.534 for 11th Straight Increase
The U.S. diesel average rose for the 11th straight week, this time by 2.1 cents a gallon, to $3.534, the Department of Energy said, making for an 11.8% increase since the end of November.
February 21, 2011Oil Finishes Week Over $86 a Barrel
Oil fell slightly Friday but finished the trading week over $86 a barrel to the New York Mercantile Exchange, Bloomberg reported.
February 18, 2011England Logistics Buys Software Company
England Logistics said Tuesday it bought software maker TMS Technologies for an undisclosed sum.
February 18, 2011