Swift Transportation鈥檚 shareholders Friday approved a $2.5 billion bid by company founder Jerry Moyes to take the truckload carrier private, Bloomberg reported.
April 27, 2007GovernmentBusinessSafety
Control, Capacity Needs Boosts In-House Trucking
Shipper-owned fleets are growing in size and importance where companies see value in controlling transportation capacity and service levels.
April 30, 2007GovernmentBusinessSafety
Mexican Trucks Suit Filed
A coalition of groups filed a federal lawsuit last week aimed at stopping the Bush administration鈥檚 plan to open the U.S. border to Mexican trucks.
April 30, 2007BusinessLogisticsGovernment
Diesel Price Falls 2.6垄 to $2.851
The national average price of retail diesel slipped 2.6 cents to $2.851 a gallon last week, its first decline after three straight increases.
April 30, 2007Government
GDP Expands at Slowest Rate in Four Years
The U.S. economy grew at its slowest pace in four years in the first quarter, as the housing slump continued and the trade deficit expanded, the Commerce Department said Friday.
April 27, 2007BusinessSafetyGovernmentAutonomous
March Trucking Index Gains
American Trucking Associations鈥 truck tonnage index rose 1.6% in March from a year ago, marking the first year-over-year increase since June, ATA said Thursday.
April 27, 2007BusinessSafetyGovernment
Vitran鈥檚 1Q Earnings Dip
Toronto-based transportation firm Vitran Corp. said its first-quarter profit was $3.4 million or 25 cents a share, down from $3.8 million or 28 cents a year ago.
April 26, 2007GovernmentBusinessSafety
Qualcomm鈥檚 Earnings Jump
Wireless-services provider Qualcomm Inc. reported its fiscal second-quarter profit jumped 22% to $726 million or 43 cents a share, from $593 million or 34 cents a year ago.
April 26, 2007BusinessGovernment
Fed Sees Some Upturns in Trucking Business
Federal Reserve districts reported some regional upturns in the trucking business, the Fed said聽in its latest 鈥渂eige book鈥 survey of economic conditions.
April 25, 2007