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Trailer Orders, Shipments Soar, Led by 417% Jump for Dry Vans
The freight-trailer industry rebounded sharply during 2010, with orders more than doubling to 166,500 and shipments rising 52% over 2009 to 119,900 units, ACT Research Co. reported.
February 7, 2011New Push by Senate Committee Chairman Focuses on FAA Funding, Rail Competition
Two transport issues left over from the last Congress are moving in different directions on Capitol Hill in the early days of the current congressional session.
February 7, 2011Second Bridge Linking Detroit, Ontario Key to Michigan Economy, Gov. Says
Rick Snyder, Michigan’s new governor, is forcefully pushing to accomplish what his predecessors failed to do — building a second bridge between Detroit and Windsor, Ontario, the busiest freight crossing in the United States.
February 7, 2011Design, Maintenance of Key Components to Be Focus of TMC’s Meeting in Tampa
Many of the maintenance professionals who keep U.S. truck fleets running smoothly will focus their attention on wider dissemination of the motor freight industry’s recommended engineering practices at the Technology & Maintenance Council’s annual meeting in Tampa, Fla.
February 7, 2011Strong Used-Truck Sales Gains Creating Shortage, Dealers Say
Customers bought used Class 8 trucks at such a fast pace last year that they swept dealer lots nearly clean, triggering shortages expected to last for several years and pushing prices up as much as 30%, according to dealers and analysts.
February 7, 2011Tire Manufacturers Boost Prices as Rubber, Oil Costs Increase
Truck tire manufacturers have raised prices up to 12% in recent weeks, citing materials costs, while concern is mounting about future supplies after the sudden rise in new tractor and trailer sales.
February 7, 2011U.S. Seeks EOBR Mandate
The Federal Motor Carrier Safety Administration last week proposed requiring nearly all interstate commercial motor carriers to install electronic data recorders to monitor their drivers’ hours-of-service compliance.
February 7, 2011Unemployment Rate Falls to 9%; Trucking Adds 3,200 Jobs
The U.S. unemployment rate fell to 9% in January, the lowest in almost two years, from 9.4% in December, the Labor Department said Friday.
February 4, 2011YRC Worldwide Reports Fourth-Quarter Profit
YRC Worldwide Friday reported fourth-quarter net income of $23.1 million, or 49 cents per share, though it lost $322 million, or $8.13 per share, for the full year.
February 4, 2011Echo Global Adds Software to Help Major Customers
Echo Global Logistics has announced plans to introduce new transportation management software that is tailored to the needs of large shippers who do not have their own systems.
February 7, 2011