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Business: Page 918
Business
Monthly tonnage index up 0.5% in October, year-over-year up 5.7%
The American Trucking Associations on Tuesday, Nov. 22, announced that its advance seasonally adjusted For-Hire Truck Tonnage Index increased 0.5 percent in October after 1.5 percent in September. The latest gain put the adjusted index at 116.3 in October, up from the September level of 115.8. The nonseasonally adjusted index, which represents the change in […]
November 22, 2011
Business
TransCore: Brokers paid more than shippers in 13% of van lanes in 3Q
Trucking companies received the highest rates from freight brokers and intermediaries in 13 percent of lanes in the third quarter compared to 24 percent in the second quarter, according to TransCore’s “Spot Market Rates vs. Contract Rates Q3 2011,” a report that analyzes shifts in demand and truck capacity that led to seasonal and regional […]
November 22, 2011
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Business
ATA: Alabama’s Metal Coil Securement Act preempted by federal law
The Federal Motor Carrier Safety Administration is seeking comments on a petition submitted by the American Trucking Associations requesting a determination that Alabama’s Metal Coil Securement Act is preempted by federal law. FMCSA wants comments on what effect, if any, that Alabama’s metal coil load securement certification requirements may have on interstate commerce. Alabama’s Metal […]
November 22, 2011
Business
Teamsters re-elect Hoffa by wide margin
The Teamsters union this week re-elected General President Jim Hoffa against two challengers by a 60 percent margin. Hoffa received 137,172 votes, which was 83,024 more votes than contender Fred Gegare, a Teamsters vice president. Union members also approved Hoffa’s slate of running mates, including General Secretary-Treasurer Ken Hall, according to the Office of the […]
November 22, 2011
Business
Trailer Bridge posts $1.9M 3Q net loss
Trailer Bridge on Tuesday, Nov. 22, announced revenue of $31.1 million for its third quarter ended Sept. 30, a 6.1 percent increase compared to $29.3 million in the prior-year period and up about 7.2 percent sequentially from the second quarter of 2011. Operating income was $0.7 million compared to $2.5 million largely due to higher […]
November 22, 2011
Business
FedEx launches multimarket marketing campaign
FedEx Express has launched an interactive campaign designed to put insight and intelligence on global trends at the fingertips of businesses of all sizes and in all geographies. The “Connect your Business to a Changing World” campaign gives business leaders around the globe access to useful content about the trends that are impacting businesses and […]
November 22, 2011
Business
Navistar Financial closes $224M wholesale funding deal
Navistar Financial Corp., an affiliate of Navistar International Corp., recently sold $224 million of wholesale floor plan notes in a two-year 144-A transaction to support its dealer inventory funding. This transaction will replace a $250 million deal that matures in January 2012, after which NFC will have $1.1 billion in total wholesale funding capacity. “This […]
November 22, 2011
Business
VHD Equipment Network appoints Sippola director, business development
Rick Sippola has been named director of business development for VHD Equipment Network, a wholly owned subsidiary of Vipar Heavy Duty. Sippola, founder and president of Chautauqua Consulting and the former president of Carnegie Body, previously served on the board of directors of the National Truck Equipment Association. In his new role with VHD Equipment […]
November 22, 2011
Business
Wabash recognizes outstanding suppliers
Wabash National recently recognized key suppliers during its annual supplier conference. Sixteen awards were presented to the company’s top suppliers that went above and beyond to meet increasing customer demand and maximize productivity. “We sincerely thank key suppliers for keeping pace in this unprecedented operating environment and responding to the needs of our customers,” says […]
November 22, 2011
Business
Julian Electric named Thomas’ Supplier of the Year
Thomas Built Buses recently hosted its sixth annual supplier day event at the Koury Convention Center in Greensboro, N.C. The annual three-day event focuses on cost reductions, quality improvements, lead time reductions and technology, and honors a Supplier of the Year. Kelley Platt, Thomas Built Buses president and chief executive officer, presented the 2011 Supplier […]
November 22, 2011
Business
Truck Centers sponsors food drive
Each month, Operation Food Search, a customer of Truck Centers Inc., distributes more than two million pounds of food and necessities to 265 food pantries, soup kitchens and homeless shelters in 31 Missouri and Illinois counties. Operation Food Search has become the largest distributor of free food in the area, helping to feed about 150,000 […]
November 22, 2011
Business
Bendix supports Junior Achievement educational outreach
Employees of Bendix Commercial Vehicle Systems and Bendix Spicer Foundation Brake spent a day in the classrooms of Crestwood Elementary School in Elyria, Ohio, on Nov. 2 as part of Junior Achievement’s JA Blitz Day educational program. Twenty-five volunteers from Bendix, one of the largest Lorain County employers and a leader in civic outreach efforts […]
November 22, 2011
Business
Diesel price tops $4 for first time since May
Although the price of a gallon of on-highway diesel rose just 2.3 cents during the week ended Monday, Nov. 21, the U.S. average diesel price crossed a notable threshold by exceeding $4 a gallon for the first time since mid-May, according to the latest figures from the U.S. Department of Energy’s Energy Information Administration. That […]
November 21, 2011
Business
USDOT faces budget cuts after ‘super committee’ deficit talks fail
President Obama and congressional leaders on Monday, Nov. 21, exchanged accusations regarding the failure of the congressional “super committee” to negotiate a $1.2 trillion deficit reduction agreement and called for Congress to work out an agreement before automatic budget cuts take place in 2013. “After months of hard work and intense deliberations, we have come […]
November 21, 2011
Business
Insurance rates increasing, survey shows
Results of NIP Group Inc.’s Transportation Insurance Pricing Survey for the third quarter of 2011 indicate that the majority of respondents feel that rates are increasing with visible acceleration. Respondents report that transportation accounts are experiencing premium increases, quarter over quarter, across all account sizes. This trend is more pronounced in small and medium-sized accounts. […]
November 21, 2011
Business
Used commercial vehicle registrations hit record levels
Used commercial vehicle registrations (GVW 3-8) in the United States during the first three quarters of 2011 reached record levels at 649,900 units, surpassing the previous record for the first nine months of a calendar year by 23.9 percent, according to Polk, a provider of data-driven solutions for the commercial vehicle industry. This level of […]
November 21, 2011
Business
MercuryGate integrates TransCore products
TransCore announced that its DAT 3sixty load board, Truckload Rate Index and CarrierWatch carrier validation software are available as integrated features of MercuryGate International’s transportation management software. MercuryGate customers are able to access data from these apps within their TMS or CARMA carrier management software without opening the applications in separate windows. MercuryGate customers can […]
November 21, 2011
Business
Port of Long Beach to fund $5M to cut greenhouse gases
The Port of Long Beach on Monday, Nov. 21, launched a $5 million grant program to fund local projects that will cut greenhouse gas emissions. The first workshop to assist applicants will be held Wednesday, Nov. 30, at port headquarters. The port is encouraging local nonprofit organizations, government agencies and port tenants to apply for […]
November 21, 2011
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Most heavy trucks exempt from new 25% truck tariff, 'non-U.S. content' will be taxed
Trucks that qualify for preferential tariff treatment under USMCA, tariffs will only apply to the value of the non-U.S. content.
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