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Business: Page 979
Business
Snap-on updates heavy-duty tool catalog
Snap-on’s new heavy-duty tool catalog features a broad offering of the latest in heavy-duty tools, from hand tools such as torque wrenches, crown handle striking prybars and impact sockets to specially-designed heavy-duty power tools like cordless impact wrenches and drills. “Our new heavy-duty tool catalog offers a complete line of productivity-enhancing heavy-duty tools that customers […]
August 23, 2011
Business
U.S. diesel price falls for fourth straight week
The U.S. average price of a gallon of diesel fuel declined for the fourth consecutive week, declining 2.5 cents to $3.81 for the week ending Monday, Aug. 22, according to the U.S. Department of Energy’s Energy Information Administration. The price, which has fallen 13.9 cents since July 25, is the lowest since Feb. 28 when […]
August 22, 2011
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Business
NY-NJ port raises tolls
Tolls on New York and New Jersey bridges and tunnels will jump $10 in September thanks to a deal struck last week by the states’ governors and the Port Authority of New York and New Jersey. The toll for E-ZPass customers during peak hours will increase from $40 to $50 for a 5-axle truck and […]
August 22, 2011
Business
USA Truck says new software likely to cause 3Q net loss
USA Truck on Monday, Aug. 22, announced that it expects to report a net loss for the third quarter of 2011. “It is too early in the quarter to predict a range of expected net loss,” said Cliff Beckham, president and chief executive officer of the Van Buren, Ark.-based company. USA Truck reported net income […]
August 22, 2011
Business
Old Dominion rates to increase 4.9%
Old Dominion Freight Line on Monday, Aug. 22, announced base rate increases of an average of 4.9 percent effective Sept. 6. The restructure provides for increases in rates based on length of haul rather than across-the-board increases. Charges in intrastate, interstate and cross-border lanes are affected. Similar increases also will be taken on Alaska, Hawaii, […]
August 22, 2011
Business
Ingram Barge CEO joins Arkansas Best board
Arkansas Best Corp. announced that Craig Philip, current chief executive officer of Ingram Barge Co., has been appointed to the board of directors. Philip, 58, assumed his current leadership position with Ingram in 1999, and since that time, Ingram has grown to become the nation’s largest domestic marine transporter of bulk commodities along the Mississippi […]
August 22, 2011
Business
Ports release zero-emissions technology roadmap
The Port of Long Beach and the Port of Los Angeles have released a report that establishes a framework for future identification, development and testing of nonpolluting technologies for moving cargo. The “Roadmap for Moving Forward with Zero Emissions Technologies at the Ports of Long Beach and Los Angeles – Technical Report” is a system […]
August 22, 2011
Business
TransCore launches CarrierWatch Insurance Monitoring Center
TransCore announced the opening of its CarrierWatch Insurance Monitoring Center to help truckload freight brokers, 3PLs and shippers quickly and safely bring onboard new carriers and monitor those they use on a regular basis. The center also works with insurance agents to investigate certificate of insurance data regarding general liability, auto (truck) liability, worker’s compensation […]
August 22, 2011
Business
Cascade Sierra offers funding
Cascade Sierra Solutions has about $20 million in funding available to help small trucking companies and owner-operators upgrade or replace their trucks to save fuel and reduce emissions. Combining funding from a U.S. Environmental Protection Agency grant and a partnership of socially responsible investors, CSS will deploy the funds to finance truck and/or trailer replacements, […]
August 22, 2011
Business
Broadmeadow named Volvo Trucks’ VP/national accounts
Herb Broadmeadow recently was named vice president of national accounts for Volvo Trucks North America. The company says Broadmeadow’s long track record of success makes him ideally suited to lead its national accounts team, responsible for providing total fleet solutions to truckload, less-than-truckload and private fleets. During his 34 year career with Volvo Trucks, Broadmeadow […]
August 22, 2011
Business
Honeywell completes acquisition of EMS Technologies
Honeywell on Monday, Aug. 22, announced that it has completed its acquisition of EMS Technologies Inc., for about $491 million. EMS is a provider of connectivity solutions for mobile networking, rugged mobile computers and satellite communications. Honeywell says the acquisition will enhance its existing capabilities in rugged mobile computing technologies within its Automation and Control […]
August 22, 2011
Business
KPA adds dealer clients
KPA reports adding 340 new clients in the first half of 2011, with the strongest growth in environmental and safety compliance services for dealerships. OSHA citations and worker’s compensation costs are increasing for dealerships, according to KPA, and the average dealership spends $2.39 million annually on employee salaries. To mitigate the financial squeeze, dealerships across […]
August 22, 2011
Business
Minimizer set ‘to turn truck fender industry upside down’
Minimizer will unveil its newest product Thursday, Aug. 25, at the Great American Truck Show in Dallas. The launch is set for 1:15 p.m. CT at Minimizer’s booth (No. 18092) at the truck show, and the announcement will be broadcast live at www.minimizer.com. “We keep investing and we’re really excited about this new product,” says […]
August 22, 2011
Business
Avondale Partners Trucking Forum set for Wednesday
Senior executives from major trucking companies will share their insights on the changing market and their companies’ performance during the half-day Avondale Partners Trucking Forum on Wednesday, Aug. 24, from 7 to 11 a.m. at the Dallas Convention Center. The second annual Commercial Vehicle Outlook Conference begins with a luncheon immediately following the Avondale forum. […]
August 20, 2011
Business
PeopleNet recognizes customer innovators at user conference
PeopleNet, a provider of integrated onboard computing and mobile communications systems, announced the recipients of its Innovator of the Year Award, which the company gives to four organizations in four fleet categories that demonstrate leadership in using PeopleNet to create unique solutions that drive ROI. “These awards capture the true spirit of our user conference […]
August 20, 2011
Business
Panther sets up ‘frequent flier program for drivers’
Panther Expedited Services Inc. has introduced The Panther Premier Driver Rewards Program, a campaign designed to reward top-performing drivers with additional benefits like cash rewards, hotel stays and greater priority for getting home. “Think of it as a frequent flier program for drivers,” says Andy Clarke, president and chief executive officer of the Seville, Ohio-based […]
August 20, 2011
Business
Port of Log Angeles’ green efforts paying off
Facilitating cargo movement while generating less pollution, the Port of Los Angeles says it continues to make green growth a reality. According to the port, data released this week shows that it has cut emissions from cargo-handling operations significantly between 2005 and 2010, including a 69 percent reduction in diesel particulate matter even as cargo […]
August 20, 2011
Business
Port of Oakland announced $345.73M bond transaction
The Port of Oakland announced the sale of $345.73 million in 2011 Series O (AMT) Refunding Revenue Bonds for the purpose of refunding a portion of its outstanding debt. Through this transaction, the port says it achieved $29.2 million in present value debt service savings, and was able to both maximize near-term savings and smooth […]
August 20, 2011
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