Truck tonnage fell 1.8% in November from the same month last year, matching October’s year-over-year downturn, and “the freight outlook remains bleak,†American Trucking Associations said.
December 23, 2008BusinessSafety
Driver Turnover at Truckload Carriers Drops to Lowest Levels
Truckload driver turnover rates fell to the lowest levels since American Trucking Associations began collecting the data in 1995, as trucking companies cut jobs and trimmed the size of their fleets in the face of sharply falling freight-hauling demand in the third quarter.
December 29, 2008GovernmentBusinessSafety
Public Citizen Leads New Challenge to HOS Rule
A coalition of advocacy and labor groups last week again challenged the revised driver hours-of-service rule, asking the Federal Motor Carrier Safety Administration to reconsider provisions in the rule that allow truckers to drive 11 hours in a workday and reset their weekly hour limit by taking 34 hours off.
December 29, 2008BusinessSafetyGovernment
TTNews.com to Close for Christmas Holiday
Transport Topics Online will be closed Thursday and Friday for the Christmas holiday. Please check back on Monday, Dec. 28, for the latest trucking and freight transportation news.
December 23, 2008FuelBusinessLogisticsGovernment
Diesel Drops 5.6¢ to $2.366; Gasoline’s Decline Slows
The national average price of diesel fuel fell 5.6 cents to $2.366 a gallon, while gasoline’s decline slowed to less than a penny, the Department of Energy reported Monday.
December 23, 2008BusinessLogisticsGovernmentTechnologyEquipmentSafety
Ryder Completes Logistics Acquisition
Ryder System said Tuesday it has completed its acquisition of a Canadian logistics firm with operations in China.
December 23, 2008Business
Old Dominion Lowers Earnings Forecast
Old Dominion Freight Line said Tuesday it is lowering its profit forecast due to difficult economic conditions.
December 23, 2008GovernmentBusiness
Third-Quarter GDP Fell 0.5%, Commerce Says
The U.S. economy contracted 0.5% in the third quarter, the Commerce Department said Tuesday in its final of three estimates.
December 23, 2008BusinessLogisticsGovernment
New, Existing °®¶¹´«Ã½ Sales Decline In November
Sales of both existing and new homes fell in November, the National Association of Realtors and the Commerce Department said Tuesday.
December 23, 2008BusinessGovernment
Consumer Confidence Improves in December
U.S. consumer confidence improved this month from its lowest level in 28 years, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index released Tuesday.
December 23, 2008