Truck stop chain Flying J Inc. said Monday it has聽filed for Chapter 11 bankruptcy reorganization, 鈥渢o address near-term liquidity needs brought about by the precipitous decline in oil prices coupled with the disruption in the credit markets.鈥
December 22, 2008Search
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December 23, 2007DOT Signs I-95 Congestion-Relief Agreement
The Department of Transportation and the I-95 corridor coalition signed an agreement earlier this month to help relieve congestion on Interstate 95.
December 22, 2008Public Citizen Leads New Challenge to HOS Rule
A coalition of advocacy and labor groups last week again challenged the revised driver hours-of-service rule, asking the Federal Motor Carrier Safety Administration to reconsider provisions in the rule that allow truckers to drive 11 hours in a workday and reset their weekly hour limit by taking 34 hours off.
December 29, 2008Driver Turnover at Truckload Carriers Drops to Lowest Levels
Truckload driver turnover rates fell to the lowest levels since American Trucking Associations began collecting the data in 1995, as trucking companies cut jobs and trimmed the size of their fleets in the face of sharply falling freight-hauling demand in the third quarter.
December 29, 2008Trailer Makers Expect Little Joy in 2009
Saddled with widespread layoffs and continued slumping sales, trailer manufacturers have low expectations for 2009, as fleet customers hunker down to cope with a recession, dwindling freight markets and tight credit.
December 29, 2008Truck Sales Gain 2.8% in November
Strong volume increases at Freightliner and Navistar drove the expansion of U.S. heavy-duty truck sales into a sixth month during November, although for the full year, purchase levels are all but guaranteed to fall below those of 2007, according to the latest survey from WardsAuto.com.
December 29, 2008FedEx Delays Delivery of Air Freighters
FedEx Corp. has delayed delivery of some Boeing Co. 777 freighter planes by as long as 17 months, due to a lag in shipments demand, Bloomberg reported.
December 22, 2008Truck Tonnage Falls 1.8% in November
Truck tonnage fell 1.8% in November from the same month last year, matching October鈥檚 year-over-year downturn, and 鈥渢he freight outlook remains bleak,鈥 American Trucking Associations said.
December 23, 2008Diesel Drops 5.6垄 to $2.366; Gasoline鈥檚 Decline Slows
The national average price of diesel fuel fell 5.6 cents to $2.366 a gallon, while gasoline鈥檚 decline slowed to less than a penny, the Department of Energy reported Monday.
December 23, 2008