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Trucking in 2007 Faced Economic, Regulatory Challenges
Trucking faced challenges on all fronts in 2007 as credit woes curtailed economic activity, a federal appeals court overturned key provisions of rules governing driver hours and truck equipment suppliers endured another precipitous 鈥 but not unexpected 鈥 sales slump
December 24, 2007November Truck Sales Fall 54.3%
Class 8 truck sales in the United States continued to scrape along the bottom in November, with original equipment manufacturers selling 10,309 vehicles 鈥 down 54.3% from the 22,539 they sold a year ago.
December 24, 2007Lautenberg Pans Revised HOS; Advocacy Groups Go to Court
WASHINGTON 鈥 The chairman of the Senate Commerce Committee鈥檚 panel on surface transportation called the Federal Motor Carrier Safety Administration鈥檚 revised hours-of-service rule 鈥渁 sham,鈥 while advocacy groups asked a federal court to once again overturn portions of the rule.
December 24, 2007YRC Gains Labor Flexibility
On the heels of YRC Worldwide鈥檚 settlement with the Teamsters union on a new five-year labor contract with in-creased work-rule flexibility, ABF Freight System said it will offer an ambitious proposal to spend about $825 million to 鈥渨ithdraw from all of the 27 multi-employer pension plans to which we contribute.鈥
December 24, 2007EU Seeking Truck Emissions Cuts
European truck makers would have to cut urban air pollution in the European Union as much as 80% under new draft EU rules that would move Europe closer to U.S. standards, Bloomberg reported Friday.
December 21, 2007November Personal Spending Jumps 1.1%
Consumer personal spending jumped 1.1% in November, the Commerce Department said Friday.
December 21, 2007Public Citizen Sues Again Over HOS Rules
Safety advocates have again gone to court to try to block the Department of Transportation鈥檚 rule on truck driver hours of service, news reports said.
December 21, 2007Philadelphia Factory Index Contracts
Manufacturing levels in the Philadelphia region contracted this month, the Federal Reserve Bank of Philadelphia said.
December 20, 2007Leading Economic Indicators Decline in November
An index of leading economic indicators fell 0.4% last month, the New York-based Conference Board said Thursday.
December 20, 2007Ryder to Buy Lily鈥檚 Truck Leasing Business
Ryder System said Wednesday it will buy the truck leasing business of Lily Transportation Corp., a Northeast regional transportation services company based in Needham, Mass.
December 20, 2007