Freight Rates to Rise Sharply After Recovery, TL Execs Say
NEW YORK — Shippers can expect hefty rate increases from truckload carriers, possibly as early as next quarter, because shrinking capacity is bringing supply more in line with demand, said carrier executives and industry experts.
May 26, 2008Jevic Closes Its Doors After 27 Years in Business
Jevic Transportation, the heavyweight less-than-truckload carrier and vendor to the chemical industry whose rapid growth at an early age once impressed investors, closed its doors and filed for bankruptcy last week after 27 years in business.
May 26, 2008As Tire Retreading Market Grows, So Do Counterfeits, Look-Alikes
As fuel prices have skyrocketed, trucking companies have been forced to look closer at other parts of their businesses to trim costs.
May 26, 2008Crude Price Pushes Fuel Higher
The average retail diesel price continued its meteoric rise last week, surging another 16.6 cents to a record $4.497 a gallon, according to the Department of Energy.
May 26, 2008April Truck Tonnage Jumps 2%
April truck tonnage jumped 2% from a year ago, marking the sixth consecutive increase, American Trucking Associations said.
May 23, 2008N.J. Motor Truck Assn. Puts Up Link to Help Displaced Jevic Drivers
The New Jersey Motor Truck Association has put a large banner link on its Web site to help the approximately 1,000 truck drivers who were let go from Jevic Transportation this week find work.
May 23, 2008UAW Approves American Axle Contract
Auto parts supplier American Axle and Manufacturing Holdings said Friday it expects production to resume next week after union workers overwhelmingly approved a new contract that contains steep pay cuts and other concessions, the Associated Press reported.
May 23, 2008Existing Home Sales Fall 1% in April
Existing homes sales fell 1% in April, the National Association of Realtors said Friday.
May 23, 2008N.J. Port Trucking Group Backs Toll, Tax Hikes
A group that represents truckers at the Port of New York/New Jersey is backing a proposal to raise tolls and the gasoline tax in the state, the Associated Press reported.
May 23, 2008Navistar Suspending Production at Pickup-Engine Plant
Navistar International Corp. said it is suspending production at its Indianapolis engine plant beginning starting Friday for at least eight weeks because of Ford Motor Co.’s cutback in pickup truck production.
May 23, 2008