Truckload carrier Schneider National said Tuesday it will expand a regional service it started in Western states earlier this year over the next few years, with its most immediate expansion plans including Texas and the Southeast.
May 20, 2008BusinessEquipment
Bridgestone Buys Stake in Japanese Tire Maker
Tire maker Bridgestone Corp. will take an 8.7% in Japan鈥檚 Toyo Tire, which will in turn purchase 0.5% of Bridgestone, the two said in a statement, Bloomberg reported.
May 21, 2008BusinessSafetyGovernment
Jevic Files for Bankruptcy Following Closure Notice
A day after it announced it would fold its business operations, Jevic Transportation has filed for Chapter 11 bankruptcy protection, Bloomberg reported.
May 20, 2008BusinessSafetyGovernment
Pa. Trucking Group Voices Concerns on Turnpike Lease
The head of the Pennsylvania Motor Truck Association said a plan backed by Gov. Ed Rendell (D) to lease the Pennsylvania Turnpike for 75 years 鈥渄oes not meet the needs of the transportation community at large.鈥
May 20, 2008GovernmentBusiness
House Passes Bill Allowing OPEC Suit
The House overwhelmingly approved legislation that would allow Justice to sue OPEC members for limiting oil supplies and setting prices, but the White House threatened a veto, Reuters reported.
May 20, 2008FuelBusinessGovernment
Diesel Jumps 16.6垄 to $4.497
The average price of diesel fuel jumped another 16.6 cents to a record $4.497 a gallon, the Energy Department said Monday.
May 20, 2008GovernmentBusinessFuel
Crude Tops $129; Bush Signs SPR Bill Into Law
Oil prices rose to a new record high Tuesday, moving past $129 a barrel for the first time in intraday trading, the Associated Press reported.
May 20, 2008BusinessSafetyGovernment
No Correlation Between Safety, Length of Training, ATRI Says
A study conducted by the American Transportation Research Institute found there is no correlation between the length of a training program and safety performance.
May 20, 2008Business
Velocity Express Reports Fiscal 3Q Loss
Velocity Express Corp. said Tuesday it lost $10.6 million, or $3.78 a share, in its fiscal third quarter, compared with a loss of $13.3 million, or $7.32, a year earlier.
May 20, 2008GovernmentBusinessSafetyTechnologyEquipment
IdleAire Files Chapter 11; Stations to Remain Open
IdleAire Technologies Corp., a designer of anti-idling systems for long-haul trucks at truck stops, has filed for Chapter 11 bankruptcy, but its facilities will remain open to truckers, the company said Friday.
May 19, 2008