Trucking News

The trucking industry hasn't seen the last of Douglas G. Duncan.

Wolfe Research suspended its “underperform” stock rating for YRC Worldwide pending a more complete fourth-quarter and full-year earnings report from the company.

The average price for diesel jumped 2.9 cents to $2.861 per gallon last week, the second consecutive week of increases after a five-week fall, according to the U.S. Energy Information Administration.

State transportation officials warned on Monday that if Congress can’t pass an extension of highway funding in the next few days, they will be forced to put new projects on hold, and delay or ca

All states met a key deadline in last year’s stimulus law to obligate their highway project spending before March 2, said Vice President Joseph Biden and Transportation Secretary Ray LaHood.

Charging that “political games” are forcing a partial shutdown of federal operations and support to states, U.S.

UPS Freight is extending its reach across the U.S.-Canadian border by shortening transit times between major Canadian cities and U.S. markets.

Detroit’s Ambassador Bridge, the busiest U.S.-Canadian border crossing, handled far fewer trucks than usual last year, as the recession drove the number of commercial vehicles using the span dow

Driver pay has been a factor in driver shortages since at least 1914, when a publication called Motor Truck reported, “Nearly all employers complain of the great difficulty of securing drivers w

The White House is looking for a route around roadblocks to a new cross-border trucking agreement with Mexico, hoping to end a year-long trade dispute hurting many U.S. companies.

After last year’s massive layoffs, tens of thousands of truck drivers are unemployed, and more trucking bankruptcies are expected as the nascent recovery takes root.

Sen.

Rep. James L.

IBM is launching an initiative to break traffic congestion bottlenecks.

Major surface transportation programs at the Department of Transportation were in danger of shutting down starting Monday after a senator raised objections to final passage of a short-term extens

The Federal Motor Carrier Safety Administration is kicking off a program that eventually will let trucking companies review drivers' safety and crash records before hiring them.

After almost two years of litigation and appeals, U.S. District Court Judge Christina A.

By issuing a news series of bonds to pay off $45 million in near-term debt, YRC Worldwide "reduced the likelihood of a default in the very near term," said Fitch Ratings.

A test of a vehicle mileage tax in Oregon should be extended nationwide in the next surface transportation bill, Rep. Earl Blumenauer, D-Ore., said today.

Trucking is "clearly in a recovery mode," with the American Trucking Associations' truck tonnage index showing its strongest increase since January 2005 last month.

Canadian trucking costs appear to be stabilizing, but at a level nearly 10 percent lower than a year ago, according to an index based on less-than-truckload and truckload rates.

YRC Worldwide yesterday closed the first part of a deal that will pay off $70 million in unsecured debt that wasn’t eliminated in its $464 million debt-for-equity swap.

A group representing independent truck drivers accused Mexico of “economic bullying” while arguing against allowing Mexican truckers to operate in the U.S.

A 65 percent leap in shipment volume helped Echo Global Logistics increase revenue 47 percent and quadruple its profit in the fourth quarter, despite falling transportation rates.

YRC Worldwide’s Western subsidiary Reddaway is cutting transit times throughout its network to increase next-day and two-day delivery options for shippers.

Engine maker Cummins will pay $2.1 million for a costly supply chain error.

Diesel prices across the United States jumped 7.6 cents over the past week, the first increase in six weeks, to their highest point since the middle of January, the U.S.

The North American intermodal business is developing a split personality.

The nascent economic recovery is beginning to fuel consolidation in trucking, as healthier carriers expand their networks by buying up smaller competitors and niche players.

Con-way Freight is starting 2010 by strengthening its sales organization as it tries to bring pricing and profit into line with higher less-than-truckload freight volume.

Call it a lost week for a major slice of the U.S. economy and transportation network.

Snowstorms that slammed the country in early February may have boosted rates for truckload carriers by freezing capacity, according to analysts at Morgan Stanley.

A similar name can cause the kind of confusion USA Truck wants to avoid.

The Freight Transportation Services Index indicated a stabilizing market as it remained unc

YRC Worldwide’s stock value plunged today after shareholders approved the issue of more than 2 billion new shares as part of a debt-for-equity swap with bondholders.

YRC Worldwide's shareholders approved the company's debt-for-equity swap Wednesday, clearing $550 million in debt from the company's books and giving the country's largest trucking company a new lease

Spot market demand for truckload freight rose for the fourth straight month in January, although it dipped compared with an unusually strong December, according to Transcore, which owns the DAT load-m

YRC Worldwide shareholders meet Wednesday to decide whether to accept a $550 debt-for-equity swap with bondholders that was completed Dec. 31.

Diesel prices fell for the fifth straight week, according to a report released Feb. 15 by the U.S. Energy Information Administration.

The Teamsters are ready to put the muscle they used against Wall Street to help YRC Worldwide into action against fresh opponents, says General President James P. Hoffa.