Old Dominion Freight Line said Chief Executive Officer Earl Congdon will retire at year’s end and be succeeded by his son, President David Congdon, Bloomberg reported.
November 5, 2007Search
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ISM Services Index Rises for October
The economy’s service sector growth increased in October, the Institute for Supply Management said Monday.
November 5, 2007Qualcomm System to Track Trucks in Cross-Border Program
The Federal Motor Carrier Safety Administration said Monday that that starting later this month, trucks crossing the U.S.-Mexico border as part of a new demonstration program will use satellite-based technology developed by Qualcomm Inc. to track trucks.
November 5, 2007Diesel Soars 14.6¢ to Record $3.303; Gas Jumps Over $3
Diesel fuel jumped to a new all-time high Monday, rising 14.6 cents over last week’s record to $3.303 a gallon, the Department of Energy said.
November 6, 2007Mack, UAW Extend Contract to December
Mack Trucks and the United Auto Workers have agreed to extend the terms of union contracts that were to have expired at midnight Wednesday, the Associated Press reported.
November 2, 2007Unemployment Rate Holds at 4.7%
U.S. payrolls rose in October and the unemployment rate held at 4.7%, the Labor Department said Friday.
November 2, 2007Diesel, Crude Oil Hit New Records
Retail diesel prices continued to climb last week, with the national average jumping 6.3 cents to $3.157 a gallon, matching the record set two years ago, according to the Department of Energy.
November 5, 2007Border Bottlenecks, Regulations Top Concerns for Ontario Shippers, Carriers
For Ontario — Canada’s manufacturing hub and a heavy participant in North American trade — trucking executives say today’s key issue in transportation is to keep the fleets moving steadily back and forth across the border.
November 5, 2007Sept. Tonnage Drops 2.3%; No Quick Rebound Seen
Truck tonnage declined 2.3% in September and analysts said fleets face a protracted period of softness in freight demand as new economic data provided few signs of an upturn in business activity.
November 5, 2007Editorial: Resolving 2010 Engine Technology
It’s clear that buyers will face a choice when they consider the 2010 model year for heavy-duty trucks. What remains to be seen is whether this choice benefits truck operators as well as suppliers.
November 5, 2007