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Out-of-Service Rates Lowest on Record During 2011 Roadcheck Safety Event, CVSA Says
The Commercial Vehicle Safety Alliance said overall out-of-service rates during Roadcheck 2011 were the lowest on record.
July 18, 2011TT 100: Rising Costs, Driver Availability Key Concerns for North America’s Top 100 For-Hire Fleets
Rising demand for freight hauling is generating more business for trucking companies, but rising costs and a dwindling supply of drivers are making it difficult for the nation’s top for-hire carriers to provide additional capacity to meet that demand.
July 18, 2011Analysts Predict Strong Results When Fleets Report 2Q Earnings
Rising freight rates and effective cost controls are expected to push many publicly traded second-quarter freight industry earnings to their highest levels since 2008, with three companies likely to post record profits for any quarter.
July 18, 2011June Class 8 Truck Sales Jump 64.6%
Truck manufacturers sold 14,647 Class 8 vehicles in June, a 64.6% increase over last June and the highest monthly total since March 2007, and they said they expected sales to continue to rise this year despite the weak economic recovery.
July 18, 2011Diesel Rises 4.9¢ to $3.899; Price Gain First in Four Weeks
The average price of U.S. retail diesel rose 4.9 cents a gallon last week to $3.899, the first increase in four weeks and the largest in three months, according to the Department of Energy.
July 18, 2011Consumer Confidence Drops in July to Two-Year Low
Consumer confidence fell to a two-year low this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
July 15, 2011Industrial Production Rises 0.2% in June
Industrial production rose 0.2% in June as factory output held steady and utility output increased, the Federal Reserve said Friday.
July 15, 2011Consumer Price Index Falls for First Time in a Year
The consumer price index decreased 0.2% in June, the first decline in a year, the Labor Department said Friday.
July 15, 2011APL to Open New Illinois Terminal
Container shipping line APL, which is part of Singapore’s Neptune Orient Lines Ltd., said it will build a new intermodal terminal in Joliet, Ill.
July 18, 2011UPS Mail Innovations Offers New Tracking
UPS Mail Innovations, the business mail services division of UPS Inc., said July 13 that tracking information for its shipments is available on www.ups.com.
July 14, 2011