Trucking News

Logistics provider Geodis said it is in talks to acquire the northern and southern European divisions of Giraud, the European road transport company, and hopes to win regulatory approval for the deal

The national average price of diesel fuel in the United States climbed for the fifth consecutive week to its highest level in 17 months, increasing 2.2 cents last week to $2.946 a gallon, the U.S.

Heavy truck maker Navistar International saw its profit plunge 64.6 percent to $17 million in its most recent quarter, as sales dropped 5.4 percent to $2.8 billion.

C. Bean Transport, a flatbed and truckload carrier, closed its trucking operations last week and filed for Chapter 11 bankruptcy protection.

New York-New Jersey port officials say persuading diverse labor, environmentalist and employer groups to unite behind a clean-trucks program was like herding cats.

The food industry teaches logistics executives unique business lessons. For instance, you shouldn’t let cows’ udders drag in the snow.

An increase in trucking company advertising underscores how quickly demand for truck drivers is growing, says a transportation advertising executive.

The Teamsters union is considering whether what was good for YRC Worldwide would be good for one of that trucking company’s largest competitors, ABF Freight System.

CRST Malone is doubling the referral bonus it pays drivers who bring other drivers to the flatbed carrier.

The stimulus law is currently supporting 10,000 active transportation construction projects, and will further ramp up this spring, said Vice President Joseph Biden.

FedEx Freight’s losses nearly doubled in the quarter ending Feb. 28, despite a surge in revenue and shipments in the three-month period.

Heavy truck sales rose sharply in February, with net orders climbing 20 percent both from January 2010 and February 2009, ACT Research said today.

YRC Worldwide’s regional group of carriers reduced its losses 14.2 percent to $126.7 million in 2009 but saw its operating ratio rise 2.1 percentage points as revenue dropped.

As the Teamsters mull concession talks with ABF Freight System, YRC Worldwide is still trying to get some members to accept concessions approved last year.

YRC Worldwide's truckload and expedited subsidiary, YRC Glen Moore, narrowed its losses by 25 percent in 2009, reporting an operating loss of $8.7 million.

YRC Worldwide had a net loss of $622 million last year on $5.3 billion in revenue, the company said yesterday in its 10-K annual report.

Severe winter storms froze the economic recovery in February, driving the Ceridian-UCLA Pulse of Commerce Index down 0.7 percent.

YRC Worldwide is reporting a 10 percent increase in shipments this month over February, with total shipments per day rising at its regional and national carriers.

The owners of one in four truckload carriers say they may sell their company and leave the industry over the next 18 months, according to a survey by Transport Capital Partners.

The number of trucks repossessed by creditors or reclaimed by them in liquidations dropped 55 percent year-over-year in the fourth quarter of 2009, says Nassau Asset Management.

The upward trend in diesel prices moved into its fourth consecutive week but weakened its impact in the week ending March 15, according to data from the U.S. Energy Information Administration.

The Teamsters union said Monday it is considering launching formal talks with ABF Freight System to renegotiating the less-than-truckload carrier's contract

Trucking supplier TMW Systems says motor carriers are stepping up their purchasing of new software or upgraded technology, suggesting an economic recovery is taking hold in the industry.

At first glance, the former president and CEO of FedEx Freight might seem an anomaly on the board of J.B. Hunt Transport Services.FedEx Freight and J.B.

The Port Authority of New York and New Jersey will ban the oldest drayage trucks from its terminals next Jan. 1 but won’t force owner-operator drivers to become company employees.

Several months of congressional skirmishing and one large flare-up over funding tried the nerves of the most steadfast advocates for transportation reform.

At the end of 2009, the less-than-truckload industry had been razed by a price war that burned away carrier profits.

The recession pummeled less-than-truckload carriers in 2009 without regard to size, driving revenue down at a double-digit rate at all of the top 25 LTL trucking companies.

When Old Dominion Freight Line first ventured into warehousing, capacity was tight and space was at a premium. Unfortunately, that was in November 2008.

The trucking industry continues to lose workers, but it's cutting jobs at a lower rate than a year ago, according to data from the Bureau of Labor Statistics.

Greatwide Logistics aims to recruit mid-tier shippers as it expands its dedicated contract carriage and third-party transportation services in the nascent recovery.

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The Port of New York and New Jersey will ban the oldest drayage trucks from its terminals starting next Jan. 1 in the first phase of a multi-step program to reduce air pollution from trucks.

Teamster employees at YRC Worldwide subsidiary Reddaway this week turned down a proposed contract that included wage and benefits cuts.

YRC Worldwide cut its payroll 34.5 percent last year and a further 5.5 percent so far in 2010, reducing its workforce from 55,000 to 34,000 employees.

The White House is looking for a route out of a year-long trade dispute with Mexico over the elimination of a cross-border trucking pilot project.

Freight brokerage giant C.H. Robinson says its base of carriers shrank 6 percent, or 3,000 carriers, in 2009 as the recession took a toll on transportation capacity providers.

The national average price of diesel fuel reached its highest point in more than a year in the past week, jumping 4.3 cents to surpass $2.90 a gallon for the first time since November 2008, the U.S.

The Port Authority of New York and New Jersey plans this week to release details of a clean-air program expected to phase out older, dirtier trucks at port terminals.

A spike in cargo volume could produce a driver shortage and would expose bottlenecks on key freight corridors, the chairman of the American Trucking Associations warns.