VW Buys Control of Scania; MAN Merger Could Follow
Volkswagen AG last week bought a controlling share in Swedish truck maker Scania AB, possibly clearing the way for a three-way merger with German truck maker MAN AG, a combination that would create Europe’s largest heavy-truck producer.
March 10, 2008Upcoming Changes in White House, Congress Cloud Picture for Trucking Industry’s Future
While politicians and pollsters count up votes and delegates in the long, slow march to the presidential election this November, trucking industry officials said the upcoming change in power clouds the industry’s outlook for 2009 and beyond.
March 10, 2008Diesel Again Hits Record, at $3.658
Retail diesel prices jumped another 10.6 cents a gallon last week to a new record national average of $3.658; diesel has now risen 37.8 cents a gallon over the past three weeks.
March 10, 2008FedEx Kinko’s CEO Resigns; Will Be Replaced by Unit’s COO
FedEx Corp. said Friday that Ken May has resigned as chief executive officer of its FedEx Kinko’s unit, effective March 31.
March 7, 2008Oil Tops $106 a Barrel
Crude oil set another record Friday, topping $106 a barrel in intraday trading for the first time before receding to close near $105, Bloomberg reported.
March 7, 2008TravelCenters of America Trims Workforce by 8%
Truck stop chain TravelCenters of America said Friday it has reduced the workforce at its headquarters and other locations by 190 employees, or about 8% of its managerial personnel.
March 7, 2008Payrolls Decline; Unemployment Dips to 4.8%
U.S. payrolls declined in February for a second straight month, and the unemployment rate dipped to 4.8% from 4.9%, the Labor Department said Friday.
March 7, 2008Washington State Seeks Trucking Input for Parking Survey
The Washington State Department of Transportation is asking truckers and trucking companies for information to help develop truck parking in the state, in particular along key interstates.
March 7, 2008Frozen Food Express Reports 4Q Loss
Refrigerated truckload carrier Frozen Food Express Industries said it lost $3.5 million, or 21 cents a share, in the fourth quarter, compared with net income of $4.3 million, or 24 cents, a year earlier.
March 7, 2008Clocks Move Forward One Hour on Sunday for Daylight Saving Time
The Department of Transportation reminds that Daylight Saving Time will begin this Sunday, March 9, with clocks being set ahead one hour for most Americans.
March 6, 2008