Less-than-truckload carrier YRC Worldwide and the Teamsters union said late Thursday they have agreed on a new five-year National Master Freight Agreement to replace the current pact that expires March 31.
December 14, 2007Trucking 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.
Truck Fatality Rate Falls in ’06
The number of people killed in large-truck crashes for every mile driven and the rate of fatal crashes involving large trucks fell to all-time lows in 2006, according to a Transport Topics analysis of data from the Department of Transportation.
December 17, 2007Diesel Average Drops 9.1¢ To $3.325
Retail diesel posted its largest weekly decline of 2007, falling 9.1 cents to $3.325 a gallon following recent inventory gains and lower crude oil prices, the Department of Energy reported.
December 17, 2007Letters to the Editor: Port Restrictions, Biodiesel, HOS
Restricting older trucks in the ports seems to be restricting trade. If these trucks are legal to use in the state of California, they should be allowed in the ports.
December 17, 2007YRC, Teamsters Reach Accord
Senate Passes Revised Energy Bill
The Senate passed an energy bill late Thursday that would boost fuel efficiency for new automobile fleets to 35 mpg by 2020, increase energy efficiency standards and set a mandate for more use of ethanol and other biofuels, the Washington Post reported Friday.
December 14, 2007Industrial Production Rises in November
Industrial production rose 0.5% in November, the Federal Reserve said Friday.
December 14, 2007Consumer Prices Jump 0.8% in November
The consumer price index jumped 0.8% in November, led by increases in energy costs, the Labor Department said Friday.
December 14, 2007Intermodal Traffic Dips for Week
Rail carload traffic rose but intermodal levels fell for the week ended Saturday compared with the same week last year, the Association of American Railroads said Thursday.
December 14, 2007Freight Slump May Continue Into First Half of ’08, Report Says
U.S. railroads and trucking companies may see weak demand at least through the first half of next year, according to a report from Fitch Ratings, Bloomberg reported.
December 14, 2007OOIDA, ATA Ask DOT to Reject Pa. I-80 Tolling
The Owner-Operator Independent Drivers Association sent a letter to the U.S. Department of Transportation asking the agency to deny the Pennsylvania Turnpike Commission’s request to toll Interstate 80.
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