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Business: Page 1144
Business
Peterbilt grants wish for Make-A-Wish Foundation
Peterbilt Motors Co. partnered with the North Texas Chapter of the Make-a-Wish Foundation to grant 12-year-old Luke Neale from Ulmarra, Australia, his wish to visit a Peterbilt truck plant. Luke was diagnosed with cystic fibrosis. When asked if he could have one wish, he requested to visit a Peterbilt truck plant in Denton, Texas. “I […]
November 27, 2010
Business
Study: Seatbelt use increases with tougher laws, stiff fines
The National Highway Traffic Safety Administration on Tuesday, Nov. 23, released new research that shows that states that strengthen belt laws and increase fines for unbuckled motorists see substantially increased seatbelt use. According to the NHTSA study, states that upgrade from a secondary to primary seatbelt law show belt use gains of 10 to 12 […]
November 23, 2010
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Business
Transportation Insurance Pricing Survey shows soft market, lower rates
NIP Group Inc. published the results of the Transportation Insurance Pricing Survey for the third quarter of 2010. The survey was issued to leading transportation insurance brokers, wholesalers and underwriters representing thousands of account placements and is used to benchmark changes in the availability and rates in the transportation insurance market. Survey responses indicate that […]
November 23, 2010
Business
Tax deduction may be available for work truck purchases
Mitsubishi Fuso Truck of America Inc. issued a reminder to potential truck buyers that they may be able to find favorable tax treatment of commercial truck purchases this year. According to the U.S. Internal Revenue Code, Title 26, Section 179, a taxpayer may elect to treat the cost of any qualifying property as an expense, […]
November 23, 2010
Business
Dynamex receives ‘superior’ acquisition proposal
Dynamex Inc., a provider of same-day delivery and logistics services, on Tuesday, Nov. 23, announced that a party that was designated as an “excluded party” in the company’s Oct. 1 agreement and plan of merger with DashNow Holding Corp. submitted a formal binding offer for the acquisition of Dynamex in which its stockholders would receive […]
November 23, 2010
Business
Southeastern Freight Lines hiring 900 employees
Southeastern Freight Lines announced Tuesday, Nov. 23, that it now is hiring more than 900 employees in 2010 as business levels rebound and that it emerged from the recession with a strong foundation intact due to maintaining its no-layoff policy. The company says that even in the midst of a challenging economy, it set new […]
November 23, 2010
Business
Indian River Transport selects Bendix safety technology
Indian River Transport, a privately owned food grade carrier based in Winter Haven, Fla., announced that it is spec’ing Bendix ESP Electronic Stability Program full stability on its planned purchase of 350 new Peterbilt 386 and Volvo VN Series trucks. With a total fleet of 470 tractors and 600 trailers, Indian River Transport says it […]
November 23, 2010
Business
Paper Transport reports fuel savings with Freightliner CNG trucks
Paper Transport says it recently reached more than 130,000 miles with each on its two Freightliner Business Class M2 112 Compressed Natural Gas (CNG) vehicles. Since taking possession of the CNG-powered trucks in winter 2010, the Green Bay, Wis.-based truckload company has used the vehicles to haul freight between Green Bay and Chicago and says […]
November 23, 2010
Business
Port of Oakland, China port operator form strategic partnership
The Port of Oakland and China Merchants Holdings International Company Ltd. Recently entered into an agreement to strategically market and develop supply chain solutions for U.S. exports, particularly agricultural commodities and perishable products. A delegation from the Port of Oakland participated in a signing ceremony held at China Merchants’ Hong Kong headquarters Nov. 5. Efforts […]
November 23, 2010
Business
Verizon, Xata tout platform for CSA compliance
Verizon Wireless and Xata Corp. announced that the Xata Turnpike fleet management and compliance solution, made available to Verizon Wireless enterprise customers this fall, is designed to help companies better comply with Comprehensive Safety Analysis 2010 (CSA 2010), a Federal Motor Carrier Safety Administration (FMCSA) initiative designed to reduce commercial motor vehicle-related accidents. “This is […]
November 23, 2010
Business
TransCore CarrierWatch targets ‘chameleon’ carriers
TransCore on Tuesday, Nov. 23, announced it has enhanced the fraud protection features and incorporated new federal carrier safety guidelines into its CarrierWatch service, an online tool designed to help brokers and shippers validate the operating authority, insurance and safety records of the motor carriers they hire. TransCore says the new anti-fraud enhancements protect its […]
November 23, 2010
Business
Manheim partners with online bidding service
Manheim Heavy Truck & Equipment says it now offers customers – including private business owners like construction companies– a new channel for online buying wholesale inventory through a partnership with Proxibid. Using Proxibid’s Web services, owners and owner-operators can bid online for inventory offered by six Manheim Heavy Truck & Equipment Auctions nationwide: Manheim Arizona, […]
November 23, 2010
Business
U.S. Bank to provide fleet card services for Pronto Stop Card
U.S. Bank Voyager Fleet Systems, a provider of universal fleet fueling and maintenance cards, has entered into a fleet card referral agreement with 1st Stop stores, a division of Colorado-based Pester Marketing. Under terms of the agreement, U.S. Bank will provide invoicing, payment processing and debt collection for 1st Stop’s Pronto Stop branded fleet fueling […]
November 23, 2010
Business
GE Capital is agent for IAC credit facility
GE Capital, Corporate Finance announced it is agent for a $200 million asset-based credit facility to International Automotive Components Group North America Inc., a global automotive parts supplier. The loan will be used for working capital needs and to support growth and expansion efforts. GE Capital Markets served as sole lead arranger. Headquartered in Dearborn, […]
November 23, 2010
Business
Carey to succeed Carney as NTEA executive director
The National Truck Equipment Association announced that its board of trustees has named Steve Carey, NTEA senior director of operations, to replace long-time executive director Jim Carney, who will retire on April 30, 2012, after what will be a 36-year career with NTEA, 35 years as executive director. NTEA says that due to Carney’s longevity […]
November 23, 2010
Business
Groups set to sue FMCSA over CSA disclosure
At least three industry organizations plan to file a lawsuit within the next couple of weeks seeking to block public disclosure of certain information from the Comprehensive Safety Analysis (CSA) initiative until the Federal Motor Carrier Safety Administration considers disclosure as part of a planned CSA-related rulemaking next year. Early next month, the agency plans […]
November 23, 2010
Business
ATA Truck Tonnage Index rose 0.8% in October
The American Trucking Associations’ advance seasonally adjusted For-Hire Truck Tonnage Index rose 0.8 percent in October after increasing a revised 1.8 percent in September. The latest gain put the adjusted index at 109.7 in October from 108.9 in September. The nonadjusted index, which represents the change in tonnage actually hauled by the fleets before any […]
November 22, 2010
Business
Diesel prices fall 1.3 cents
After rising 11.7 cents in the past two weeks, the national average price of diesel dipped 1.3 cents during the week ended Nov. 22, according to the U.S. Department of Energy’s Energy Information Administration. The average price is now $3.171, which is 22 cents higher than the level at the end of September whe prices […]
November 22, 2010
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