ODFL to Increase Rates 5.6%
Less-than-truckload carrier Old Dominion Freight Line said it will increase its base rates by an average 5.6%, beginning next Monday.
February 9, 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.
New Jersey, Others Consider Fining Drivers Who Fail to Remove Snow From Vehicles
New Jersey is poised to adopt a law that would fine drivers who fail to clear snow and ice from their vehicle rooftops, while the District of Columbia and Connecticut are taking steps down a similar legislative path.
February 9, 2009Senate Fails to Boost Spending for Highways in Stimulus Bill
The Senate moved toward final passage of its $900 billion stimulus package of spending and tax cuts last week, and despite ongoing efforts, it appeared unlikely a major boost in infrastructure money would be included in the package.
February 9, 2009Volvo Takes 4Q Loss on Lower Demand
Volvo AB lost $165 million in the fourth quarter, and said it will adapt to lower demand as global truck orders slide, Bloomberg reported.
February 9, 2009FedEx Express Opens New China Hub
FedEx Express said Monday it has begun operations at its new Asia Pacific hub in Guangzhou, China, the company’s largest hub outside of the United States.
February 9, 2009States Eye More Toll Roads
In a whirl of activity that is expected to accelerate in coming years, states are making toll roads a permanent part of the nation’s highway system and eyeing toll dollars as a way to plug gaping budget deficits.
February 9, 2009Used Truck Sales Woes Mount as Weak Demand Creates Glut
Weak freight demand and an equipment glut continue to cripple the used truck market, and there is little sign of an immediate turnaround, industry experts said.
February 9, 2009Wal-Mart to Test Alternate Fuels, Hybrids in Push to Raise Mileage
Wal-Mart Stores said it will test two types of diesel-electric hybrid trucks and two types of alternatively fueled trucks as part of a continuing effort by the world’s largest retailer to double the fuel efficiency of its 7,200-truck fleet by 2015.
February 9, 2009Manufacturers Tout Their Choices for 2010
Starting in 2010, fleets buying new trucks will have to decide between two very different engine systems, and manufacturers already are warning that selecting the competing platform will leave the owner with an inferior product.
February 9, 2009Unemployment Rate Rises to 7.6%; Payrolls Plunge by Almost 600,000
The U.S. unemployment rate rose to a 17-year high in January, rising to 7.6% from 7.2% in December, the Labor Department said Friday.
February 6, 2009