Weekly Intermodal Traffic Rises 14.1%
Intermodal traffic rose 14.1% last week from the a year ago, the Association of American Railroads said.
December 17, 2010Swift Begins NYSE Trading at $11 a Share
Swift Transportation Co.’s stock began trading Thursday at $11 a share, after the company raised about $810 3 million in its initial public offering, Bloomberg reported.
December 16, 2010FedEx’s 2Q Income Declines on LTL Restructuring Costs
FedEx Corp. said Thursday its second-quarter earnings slipped to $283 million, or 89 cents per share, from $345 million, or $1.10, a year ago, on charges related to the impending restructuring of its less-than-truckload operations.
December 16, 2010Philadelphia Manufacturing Expands at Highest Rate in Five Years
Manufacturing activity in the Philadelphia region rose this month at the fastest level in more than five years, the Federal Reserve Bank of Philadelphia said Thursday.
December 16, 2010November Housing Starts Rise
Housing starts grew 3.9% in November, the first increase in three months, the Commerce Department said Thursday.
December 16, 2010Jobless Claims Decline for Week
Initial jobless claims fell by 3,000 last week to the lowest level in three weeks, the Labor Department said Thursday.
December 16, 2010ATA’s Moskowitz Named Chairman of Energy Group
Rich Moskowitz, vice president and regulatory affairs counsel at American Trucking Associations, has been named chairman of the Consumer Energy Alliance.
December 15, 2010Volvo’s November North American Deliveries Rise 71%
Volvo AB’s North American heavy-duty truck sales rose 71% in November from a year ago, the company said Wednesday.
December 15, 2010TransForce to Buy Dynamex for $248 Mln.
Canadian trucking firm TransForce Inc. will buy logistics and delivery firm Dynamex Inc. for $248 million, Bloomberg reported.
December 15, 2010South Carolina, Georgia Suspend HOS for Fuel Hauling
With winter moving into the southern states, Georgia and South Carolina have suspended the hours-of-service requirements for truckers hauling fuel.
December 15, 2010