Kenworth Truck Co. received its largest hybrid truck order ever, from Coca-Cola Enterprises, in which Kenworth will provide 150 of its T370 diesel-electric tractors and 35 hybrid T370 trucks.
March 6, 2009Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Daimler Dedicates Mexico Plant
SALTILLO, Mexico 鈥 Daimler Trucks North America dedicated its $300 million Freightliner plant here Feb. 27, as Mexico鈥檚 president, Felipe Calderon, joined company officials to formally launch the new 1.3 million-square-foot facility.
March 9, 2009Road Funds Add 150,000 Jobs, Increase Safety, Obama Says
WASHINGTON 鈥 President Obama last week said the $27.5 billion in his economic stimulus package for highways would create or preserve 150,000 jobs and save some 14,000 lives in coming years.
March 9, 2009Fleets Turn to Payment Services as Cash Tightens, But Financial Executives Warn of Possible Pitfalls
As cash flow becomes tighter for many fleets, more are turning to financial services that pay invoices almost instantly. Trucking and financial executives said that while the service known as 鈥渇actoring鈥 can be beneficial, once a fleet gets started, it can be hard to stop. As a result, they recommend carriers understand the full scope of services offered and costs involved.
March 9, 2009January Tonnage Drops 10.8%
January truck tonnage fell 10.8% below year-ago levels, the fourth consecutive year-over-year decline and another signal the freight recession shows no signs of bottoming out yet, American Trucking Associations said.
March 9, 2009Oil Rises to Five-Week High, Closing Over $45
Oil rose to a five-week high Friday, rising almost $2 to close the week at more than $45 a barrel, Bloomberg reported.
March 6, 2009Spanish Firm Taking Lead in Fla. Highway Project
A Spanish firm is leading a group that will finance a $1.2 billion highway project in Florida that will be paid for with future toll revenue, Bloomberg reported Friday.
March 6, 2009U.S. Unemployment Rate Jumps to 8.1%
The U.S. unemployment rate jumped to the highest level in 25 years in February, rising to 8.1%, from 7.6% in January, the Labor Department said Friday.
March 6, 2009Rail, Intermodal Traffic Continue to Fall
Rail and intermodal traffic continued their weeks-long decline last week, the Association of American Railroads said Thursday.
March 6, 2009Dynamex Reports Lower 2Q Income
Logistics and delivery firm Dynamex Inc.鈥檚 fiscal second-quarter profit fell to $2.3 million, or 24 cents a share, from $3.4 million, or 33 cents, a year ago.
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