Swift Holdings Corp. said it plans to raise as much as $1.01 billion in an initial public offering this month that could be the largest ever for a truckload fleet.
December 2, 2010Search
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Some Fleets Raise Owner-Operator Pay
A handful of truckload fleets have raised owner-operator pay as the driver market tightens.
December 6, 2010IRS Says California Drayage Operator Improperly Classified Driver
In a potentially far-reaching decision, the Internal Revenue Service has determined that a Southern California drayage operator classified a truck driver as an independent contractor rather than an employee.
December 6, 2010Some Fleets Postpone Preventive Maintenance as Economics Override Weather Conditions
When the economy deteriorates, the use of preventive maintenance at trucking companies — including programs involving tires — sometimes follows suit, regardless of climate conditions such as the coming of winter.
December 6, 2010Fuel Price Averages Decline
In a slow retreat from the two-year high it reached in November, the U.S. retail diesel price average slipped again last week, falling 0.9 cent to $3.162 a gallon, the U.S. Department of Energy reported after its weekly survey of filling stations.
December 6, 2010New Trailer Registrations Surge, Led by Dry-Van Replacements
Booming dry-van sales led to a surge in U.S. trailer registrations in the third quarter, as buyers registered 35% more new trailers than in the corresponding period of last year, R.L. Polk & Co. reported.
December 6, 2010New Truck Sales Set to Rise
Even as total heavy-duty truck capacity continued to decline during the third quarter, recent reports on registrations of new and used trucks, rising orders for new vehicles and slowing sales of used tractors appeared to set the stage for a renaissance in new-truck sales.
December 6, 2010Patriot Transportation Sets 3-for-1 Stock Split
Tank and bulk carrier Patriot Transportation Holding said its board has approved a 3-for-1 stock split, effective in January.
December 2, 2010Jobless Claims Jump 26,000 for Week
Initial jobless claims rose by 26,000 last week, the Labor Department said Thursday.
December 2, 2010Fed Reports Improving Transportation Demand in Many Areas
U.S. economic activity continued to improve between October and mid-November, and demand for transportation services increased in many areas, the Federal Reserve said.
December 2, 2010