Ontario to Allow Double 53-Foot Trailers on Some Roads in 1-Year Pilot Program
The Ontario Ministry of Transportation said it will begin issuing permits this summer allowing double, 53-foot trailers on selected highways in the province.
April 27, 2009Infographic: 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.
Fleet Bankruptcy Pace Slows
Lower fuel prices, along with the assistance of some forgiving financiers, limited the number of first-quarter trucking bankruptcies to 480, slightly more than in the last three months of 2008, but far below the 935 firms that failed in the corresponding period a year ago.
April 27, 2009O&S President Elected Mayor
James O’Neal, president of O&S Trucking Inc., has been elected mayor of Springfield, Mo.
April 27, 2009Volvo Reports 1Q Loss; Sees Lower Demand
Volvo AB Friday reported its second consecutive quarterly loss and predicted a decline in European and North American truck markets, Bloomberg reported.
April 24, 2009March New Home Sales Fall 0.6%
New home sales fell 0.6% in March, the Commerce Department said Friday.
April 24, 2009Durable Goods Orders Decline 0.8%
Durable goods orders fell 0.8% in March, the Commerce Department said Friday.
April 24, 2009YRC Reports $257 Million First-Quarter Loss
YRC Worldwide said late Thursday it lost $257 million, or $4.34 per share, in the first quarter, compared with a loss of $46.4 million, or 82 cents, a year ago.
April 24, 2009Con-way Says It Lost $154 Million in First Quarter
Con-way Inc. said it lost $154 million, or $3.35 per share, in the first quarter, compared with earning $22.5 million, or 47 cents, a year ago.
April 24, 2009Grocery Chain Supervalu Reports Fiscal 4Q Loss
Grocery chain Supervalu Inc. reported a loss for its fiscal fourth quarter ended Feb. 28, primarily on a goodwill charge, the Associated Press reported.
April 24, 2009GM to Temporarily Close 13 U.S. Plants
General Motors Corp. will idle 13 U.S. assembly plants for several months this summer to trim inventory after U.S. sales fell 49% this year in the first quarter, Bloomberg reported.
April 24, 2009