Trailer manufacturer Wabash National said it is planning to construct a $25 million trailer manufacturing plant in Franklin, Ky. as part of a new cost-savings initiative.
February 29, 2008Search
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Personal Spending Rises 0.4% in January
Consumer personal spending rose at a rate of 0.4% in January, the Commerce Department said Friday.
February 29, 2008Fleets Search for Savings Through Strategic Equipment Purchases
With fuel prices at a record and the economy teetering at the brink of a recession that could cut into carrier revenue, some truckload carriers are pushing harder for savings by using lighter trailers, limiting idling to save fuel and shortening trade-in cycles.
March 3, 2008B.C. Proposes Carbon Tax to Spur Emissions Reductions
The British Columbia government is planning to impose a carbon tax on fossil fuels beginning on July 1, the most comprehensive tax of its kind in North America.
March 3, 2008January Truck Tonnage Grows 5.3%
Truck tonnage in January posted its biggest gain since the beginning of 2005, climbing 5.3% above year-ago levels and marking the third consecutive increase for the monthly index, American Trucking Associations reported Feb. 26.
March 3, 2008UPS Restates 2007 Results
Parcel courier UPS Inc. on Friday said it restated its financial results for 2007, lowering its yearly per-share earnings to 36 cents from 42 cents because of a tax error, Bloomberg News reported.
February 29, 2008TransForce's 4Q Income Falls on Goodwill Charge
Canadian transportation firm TransForce Income Fund said Thursday it lost C$30.8 million, or 36 cents a share, in the fourth-quarter as a result of a C$56 million write-off of goodwill associated with the Fund’s Oilfield Services division.
February 28, 2008Initial Claims Rise by 19,000 for Week
Initial jobless claims increased by 19,000 for the week ended Saturday, the Labor Department said Thursday.
February 28, 2008Oil Tops $102 a Barrel, Sets New Record
Crude oil prices reached another record close on Thursday, passing the $102 a barrel mark as investor flocked to commodities as a hedge against the falling dollar, Bloomberg News reported.
February 28, 2008Fleets Urge FMCSA to Keep 11th Hour, 34-Hour Restart
Several large trucking fleets have urged the Federal Motor Carrier Safety Administration to retain the 11th hour of driving and the 34-hour restart in its hours-of-service regulations, saying those provisions have improved highway safety and given drivers the flexibility to adjust to unexpected delays.
February 27, 2008