Trucking News

Retail diesel fuel sold for an average of $2.185 per gallon last week, down 1.6 cents a gallon, according to the U.S. Energy Information Administration.

Sometime in the past quarter, the wheels came off the less-than-truckload industry.

Trucking companies trying to manage through the worst freight economy in memory are using investments in international supply chains to build stronger links with their biggest customers.

The ports of Los Angeles and Long Beach, as well as the American Trucking Associations, claim they got what they wanted in last week’s decision by U.S. District Court Judge Christina A.

Private truck fleet operators are making more use of their capacity and injecting fresh competition into a fight for freight that grows fiercer as shipment volumes drop and trailers go empty.

Companies that own trucks and those that don’t are finding the surest route to profit in the downturn may be through the third-party brokerage market.

Covenant Transport lost $5.5 million in the first quarter, approximately $2.3 million less than the same period a year ago, due to weak freight demand.

Truckload operator P.A.M.

Profit at heavy-duty truck engine maker Cummins fell 96 percent to $7 million in the first quarter on sales of $2.4 billion, down 30 percent from the same period in 2008, as lower demand for equipment

The Mexican government will shut down private business, including factories and transportation operations, for five days starting Friday as the country tries to halt the spread of the swine flu virus.

Port Metro Vancouver said it will remain open for business whether or not some local container truck drivers go on strike next week.

Canadian trucking company Mullen Group’s profit dipped 38 percent in the first quarter as a result of falling demand for oil and natural gas drilling services in Western Canada and a decrease in

Trade moving by truck over the U.S.-Mexican border is so far unaffected by the Swine flu crisis emerging in the two countries.

Lower build rates, temporary plant shutdowns and reduced gross margins cut profit for truck maker Paccar 91 percent in the first quarter to $26.3 million, the company said.

Truckload carrier Celadon lost money for the first time in more than seven years, dropping $2.1 million in the quarter ending March 31.

Just as it looked as though trucking was beginning to recover from the recession, tonnage dropped steeply in March.

The average price for a gallon of diesel fuel fell 2 cents last week to $2.201, according to the U.S. Energy Information Administration.

Standard & Poor's Ratings Services on Friday revised its CreditWatch implications for YRC Worldwide from positive to negative.

WABCO Vehicle Control Systems, a supplier of safety and control systems for commercial vehicles, lost $36.4 million in the first quarter as demand for new commercial vehicles declined worldwide.

Closing the gap between fuel surcharges and actual fuel costs is a priority for shippers and truckers still feeling the sting from last summer’s roller-coaster ride at the pump.

Truckload carriers intent on making it to the other side of the recession are taking cues from the economy and new trends in shipping by focusing on short-haul lanes.

Building cross-industry coalitions in Washington is more crucial than ever to getting favorable legislation passed, but transportation interests must be careful not to alienate potential partners — ev

Challenger Motor Freight, the largest privately owned truckload carrier in Canada, opened an expanded terminal in British Columbia.

Regional trucking specialist Saia announced a new round of cost reductions Friday after reporting a $6.3 million loss in a first quarter marked by declining demand and falling prices.

Trucking giant YRC Worldwide lost $257.4 million in the first quarter as shipment volumes dropped at its carriers and throughout the less-than-truckload industry.

Transportation and logistics giant Con-way lost $154 million in the first quarter, including a goodwill impairment charge of $134.8 million, as a result of intense price competition and plummeting dem

First-quarter profit at Old Dominion Freight Line dropped nearly 62 percent as weakening demand and lower prices took their toll on the multi-regional LTL carrier’s profits.

Hub Group profits in the first quarter plunged 52.6 percent to $6.2 million as volumes decreased and costs remained high.

Profit at UPS Supply Chain and Freight, which includes the express parcel carrier’s heavy package, less-than-truckload division, plunged 64.6 percent to $40 million in the first quarter as trans

Truckload carrier Knight Transportation increased its profit 2.9 percent in the first quarter to $11.7 million, with strong brokerage and refrigerated business offsetting steep declines in core trucki

YRC Worldwide regional less-than-truckload carrier USF Holland closed terminals, including its Holland, Mich. terminal, due to weak freight demand.

Trucking and logistics management company Ryder System on April 22 reported an 88 percent plunge in first-quarter earnings as the recession and falling cargo volume spread to its fleet management busi

North American trucking and logistics firm Vitran reported a net loss of $2.4 million on revenue of $139.6 million for the quarter ended March 31, 2009.

Less-than-truckload giant Arkansas Best lost $29 million in the first quarter due to plummeting freight demand and falling rates pared down by intense competition.

C.H. Robinson’s net income decreased 1.1 percent to $85.4 million in the first quarter as its non-asset based business model helped offset weak demand and highly competitive truck rates.

Marten Transport profit jumped 52.8 percent to $4.1 million in the first quarter despite falling revenue in the stalled economy.

An appeals court found that FedEx Ground drivers at two Massachusetts terminals were independent contractors instead of employees and therefore outside the jurisdiction of the National Labor Relations

Caterpillar lost $112 million in the first quarter after a restructuring charge of more than half a billion dollars.

Forward Air lost $3.1 million in the first quarter as the company saw accelerating declines in its core air freight trucking volume and took an impairment charge to meet the deteriorating market.

The Ninth Circuit Court of Appeals dismissed a lawsuit filed by the Owner-Operator Independent Drivers Association, the Teamsters Union, Public Citizen and others against the U.S.