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Greenbriar to Acquire Dynamex for $210 Million
Dynamex Inc., a package delivery and logistics operator, has agreed to be acquired by private equity firm Greenbriar Equity Group Ltd. for a total of about $210 million, the companies announced on Oct. 1.
October 11, 2010NHTSA Seeks Stricter Rules for Truck Tire Performance
For the first time in 37 years, federal regulators are proposing tougher standards for truck tire performance, including new speed tests.
October 11, 2010ATA Supports Alabama in Sales Tax Dispute
American Trucking Associations has filed court papers backing the state of Alabama in a U.S. Supreme Court case that could determine whether states can charge railroads sales tax on fuel purchases but exempt truckers.
October 11, 2010UAW Workers Remain on the Job as Talks With Navistar Continue
United Auto Workers members continue to make trucks and engines for Navistar Inc. even though their old contract expired Oct. 1, both parties said, adding that they are still in active negotiations.
October 11, 2010Most Fleets Postponing Driver Pay Increases Until U.S. Economy Accelerates, Study Says
Most fleets are continuing to steer away from raising driver pay this year, but about 80% of carriers expect they will have to take that step when the pace of the U.S. economic recovery accelerates, according to a new survey.
October 11, 2010LTL Sector Outlook Brightens as Rate Hikes Stick, Experts Say
Following recent rate increase announcements by three major less-than-truckload carriers, industry experts said the LTL sector has turned the corner toward profitability, with shipment volumes, tonnage and rates all improving, but not yet soaring.
October 11, 2010Used Truck Sales Rise as Dealers Buy Aggressively
Used-truck dealers, facing a dearth of late-model, low-mileage vehicles after large fleets drained the market earlier this year, shopped aggressively in August, pushing sales up 55% from year-ago levels, according to industry sources.
October 11, 2010Diesel Average Jumps to $3 a Gallon
The average cost of U.S. retail diesel climbed 4.9 cents last week to $3 a gallon, the first time trucking’s main fuel has reached that level in more than four months, the Department of Energy reported.
October 11, 2010Wholesale Inventories Rise 0.8%
Wholesale inventories rose 0.8% in August, the Commerce Department said Friday.
October 8, 2010Trucking Payrolls Steady as Unemployment Rate Holds at 9.6%
The September U.S. unemployment rate held at 9.6%, as total payrolls fell by 95,000 jobs and trucking payrolls held steady, the Labor Department said Friday.
October 8, 2010