Surveys See Lagging Freight Demand, Capacity Constraints Persisting in 2011
Recent surveys of carriers and shippers are signaling that slower freight demand growth and continued capacity constraints will be common phrases within the trucking industry during 2011.
December 20, 2010Truckers Volunteer to Honor Veterans with 200,000 Wreaths at Cemeteries
What started in 1992 as a project to honor veterans by laying 5,000 holiday wreaths at Arlington National Cemetery has grown to more than 200,000 wreaths and 100,000 volunteers, including a convoy of tractor-trailers that earlier this month carried donated wreaths to more than 500 burial sites for veterans in every state, Puerto Rico and 24 cemeteries on foreign soil.
December 20, 2010NITL Upset With FMC Over Investigation
The National Industrial Transportation League expressed “profound disappointment” over an investigation by the Federal Maritime Commission into numerous U.S. importer and exporter complaints of “perceived malpractices” by ocean carriers that caused supply-chain service disruptions and rate and surcharge increases from in 2009 and 2010.
December 20, 2010FedEx 2Q Earnings Drop 18%, Reflecting LTL Integration Costs
FedEx Corp.’s earnings fell 18% in the company’s fiscal second quarter to $283 million, reflecting one-time charges that included integration costs at the FedEx Freight less-than-truckload unit.
December 20, 2010Rising Crude Price Pushes Diesel, Gas to Highest Levels in 2 Years
U.S. retail motor fuel prices continued to climb last week as both diesel and gasoline reached two-year highs, the Department of Energy said.
December 20, 2010November Truck Tonnage Gains 3.9%
Truck tonnage rose 3.9% in November from a year ago, the 12th straight year-over-year increase, but slipped slightly from October, American Trucking Associations said.
December 17, 2010Ryder to Buy Scully Cos.
Ryder System said it will acquire The Scully Companies, a California-based provider of contract carriage and related services.
December 17, 2010DOT Proposes Ban on Truckers’ Handheld Phones
The Department of Transportation Friday proposed banning interstate truck and bus drivers from using hand-held cell phones while operating a commercial motor vehicle, and sets stiff fines for violators.
December 17, 2010Judge Tosses ABF Suit Against YRC, Teamsters
An Arkansas judge has dismissed a lawsuit by ABF Freight System against rival less-than-truckload carrier YRC Worldwide that had sought to invalidate a labor agreement between YRC and the Teamsters union.
December 17, 2010Economic Indicators Take Biggest Jump in Eight Months
An index of leading economic indicators by the most in eight months, the New York-based Conference Board said Friday.
December 17, 2010