U.S. intermodal traffic rose 3.8% last week over the same week a year ago, the Association of American Railroads reported.
October 12, 2012Search
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Class 8 Truck Sales Down 9.1% in September
U.S. truck sales fell 9.1% to 14,491 in September, declining for the first time since December 2009 and ending a streak of 32 consecutive year-over-year increases, WardsAuto.com reported.
October 15, 2012Navistar Overhauls Lineup of Products and Executives
The extensive overhaul of Navistar’s product and corporate lineup continued last week as top sales executive Jim Hebe retired, more details emerged about new models, and the company agreed to replace three directors to avoid a proxy battle.
October 15, 2012Audit Criticizes FHWA for Lax Oversight of Federal Highway Grants to States
Federal Highway Administration officials are not consistently meeting their congressionally mandated “stewardship and oversight†reÂquirements to closely oversee billions of dollars in federal highway program grants to states, according to a new audit.
October 15, 2012Industry Group Forms Chassis Pool; Drayage Carrier Buys 1,520 Units
The gradual shift of intermodal equipment control from ocean carriers to truckers advanced last week as an industry group formally created a chassis cooperative and drayage carrier, IMC Companies, purchased 1,520 units for use in an existing pool.
October 15, 2012Icahn Mounts Takeover Bid For Oshkosh Corp.
Investor Carl Icahn on Thursday began a takeover bid for Oshkosh Corp. that is worth about $3 billion.
October 11, 2012So. California Intermodal Yard Advances After Port of L.A. Clears BNSF Project
BNSF Railway’s intermodal container project in Southern California took a step forward late last month, when a revised environmental impact statement was issued that supports construction of the $500 million project.
October 11, 2012Initial Jobless Claims Drop for Week
Initial jobless claims decreased by 30,000 last week, the Labor Department said Thursday.
October 11, 2012U.S. Trade Deficit Grew in August
The U.S. trade deficit grew by 4.1% in August, the Commerce Department said Thursday.
October 11, 2012ABF Freight to Begin Negotiations With Teamsters in December
ABF Freight and the Teamsters union announced they expect to begin negotiations on a new collective bargaining agreement Dec. 18.
October 11, 2012