YRC Worldwide said Monday that while it expects to report a 鈥渟olid profit in the third quarter,鈥 it will post a 鈥渟light loss鈥 in its core operations due to ongoing economic weakness, and will step up the integration of its two main trucking units.
September 8, 2008Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Judge Tentatively Denies Injunction in SoCal Port Suit; ATA to Appeal
A federal judge tentatively denied American Trucking Associations鈥 request for an injunction that would delay the start of concessionaire programs for drayage drivers at the Ports of Los Angeles and Long Beach.
September 9, 2008EPA Approves More Fuel Waivers Due to Storms
In the aftermath of Hurricane Gustav and Tropical Storm Hanna, EPA has exercised its authority under the Clean Air Act to temporarily waive certain federal clean fuel requirements for areas of Alabama, Georgia, and North Carolina until next Monday, Sept. 15.
September 8, 2008UTi Worldwide Reports Higher Earnings
Air and ocean freight forwarder UTi Worldwide said its net income for its 2009 fiscal second quarter ended July 31 rose to $33.7 million, or 33 cents a share, from $27.7 million, or 28 cents a year ago.
September 8, 2008ATA Backs Ontario Speed Limiter Plan, but Suggests Changes to Avoid Conflict
American Trucking Associations said it supports Ontario鈥檚 plan to mandate speed limiters set at 105 kilometers 鈥 or about 65.2 mph 鈥 on all trucks but urged the province to alter its regulation to avoid conflicts with potential U.S. rules.
September 8, 2008California Sues Two Port Trucking Firms Over Independent Contractor Status
California鈥檚 attorney general filed lawsuits against two small trucking companies Friday on grounds they allegedly deprived drivers of benefits and may have cheated the state out of payroll taxes, the Los Angeles Times reported Sunday.
September 8, 2008Oil Rises as Hurricane Ike Moves Toward Gulf of Mexico
Oil rose by nearly $3 to more than $109 a barrel early Monday on concerns that Hurricane Ike could reach the Gulf of Mexico later this week, Bloomberg reported.
September 8, 2008Trailer Sales Nosedive in 鈥08; Fleets 鈥楯ust Aren鈥檛 Buying鈥
Trailer makers say they are suffering through one of the largest downturns in their history 鈥 鈥渢he longest down-cycle鈥 ever, said one executive 鈥 forcing layoffs, production cuts and a search for new products.
September 8, 2008Trucking Sees Things to Like In Both White House Hopefuls
As the two primary U.S. political parties concluded their presidential nominating conventions and formally began the fall campaign, trucking executives said each candidate offered pluses and minuses for the industry.
September 8, 2008Medium-Duty Truck Review: Green Is Clearly the Designer Color for 2009 Models
The color for 2009 medium- and light-duty trucks is green, as in environmentally friendly. There are no major changes to designs for the 2009 model year; like heavy-duty trucks, the next major changes will occur with the 2010 model year as manufacturers adapt to the next round of diesel emission standards.
September 8, 2008Trending
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