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trucking news
Trucking News
Discover comprehensive trucking news and trends with Journal of Commerce - from trucking LTL to regulation and trucking supply and demand.
Subsections
LTL
Truck brokers
Trucking labor
Truckload
Flatbed
The latest
Trucking News
& Analysis
Clouds of Controversy
David Biederman |
Ongoing battles over proposed cap-and-trade legislation and efforts by ports to gain more control over harbor trucking will carry over into 2010.
Transport, Trade and Regulation News
Trucking News
Priced to Sell
William B. Cassidy |
Trucking executives had a handy source of confetti New Year’s Eve: all those less-than-truckload contracts they shredded in a fourth-quarter price war.
Trucking News
LTL
Arrow Trucking Faces Lawsuits
William B. Cassidy |
The employees of Arrow Trucking are taking the company to court over its sudden shutdown Dec. 23, charging the closure violated federal labor law.
Trucking News
Trucking labor
Federal Agency Orders Arrow Trucks Returned
JOC Staff |
Federal regulators, trying to bring order to the chaotic shutdown of Arrow Trucking, are ordering the company’s owners to bring Arrow’s trucks off the roads and under control.
Trucking News
Trucker Carlen Transport Shuts Down
JOC Staff |
Carlen Transport, the largest flatbed truck operator in Maine, ceased operations this week, saying high costs and weak demand from the housing and construction made it impossible to keep the company r
Trucking News
YRC Wins Debt Exchange Agreement
JOC Staff |
YRC Worldwide said Thursday it had won the critical support from bondholders the trucking giant needed to rebuild its finances and stave off bankruptcy.
Trucking News
LTL
YRC Will Operate ‘As Usual’ After Exchange Deadline
JOC Staff |
YRC Worldwide said Wednesday the trucking company “will be open for business as usual on Monday” despite its unresolved bid for a financial overhaul and one investment analyst’s sugg
Trucking News
LTL
Teamsters Postpone Protest in Support of YRC
Thomas L. Gallagher |
The Teamsters Union planned to hold an unusual picketing action outside the offices of Brigade Capital Management in New York to urge the hedge fund to cooperate with YRC Worldwide in its effort to re
Trucking News
LTL
Trucking labor
Truck Shipping Demand Falls 3.5 Percent
Thomas L. Gallagher |
The American Trucking Associations’ Truck Tonnage Index fell 3.5 percent compared with a year ago in November, which the ATA called an improvement after 12 months of steeper declines.
Trucking News
LTL
YRC Extends Offer Deadline, Claims New Support
JOC Staff |
YRC Worldwide extended its debt-for-equity swap to the eve of a crucial debt payment deadline on Wednesday as the trucking giant and its unionized drivers raised the pressure on bondholders to accept
Trucking News
LTL
Trucking labor
Arrow Trucking Shipment Hotline Launched
JOC Staff |
Backers of Arrow Trucking’s idled equipment provided a hotline this week for the company’s shippers as the failed flatbed operator revealed it would have to surmount massive financial hurd
Trucking News
Diesel Prices Edged Up First Time in Two Months
Thomas L. Gallagher |
Diesel prices edged up for the first time in two months as the national average on Monday climbed six-tenths of a cent to $2.732 per gallon, according to the U.S. Energy Information Administration.
Trucking News
YRC Extends Debt Exchange Offer a Fourth Time
JOC Staff |
YRC Worldwide extended its crucial debt-for-equity swap offer for a fourth time on Wednesday after the financially ailing trucking giant received little new support for an exchange aimed at helping th
Trucking News
LTL
Arrow Trucking Shutdown Strands Drivers
JOC Staff |
Flatbed carrier Arrow Trucking suspended operations this week, stranding hundreds of drivers around the country on Christmas Eve as the company reportedly tries to get new financing to resume business
Trucking News
YRC Worldwide Again Extends Debt Swap Deadline
JOC Staff |
YRC Worldwide, hours from falling short of bondholder approval for a critical debt-for-equity swap, extended the offer's deadline for a third time on Wednesday, giving the company until
Trucking News
LTL
Teamsters Seek Probe of YRC Debt Trading
JOC Staff |
The Teamsters union wants the U.S.
Trucking News
LTL
Trucking labor
Diesel Prices Drop for Seventh Straight Week
JOC Staff |
Diesel fuel prices fell for the seventh straight week across the United States in the week ending Dec. 21, with the national average price sliding 2.2 cents, the U.S.
Truckload
Trucking News
FMCSA Delays Part of Roadability Rule
Joseph Bonney |
The Federal Motor Carrier Safety Administration is delaying for six months the deadline for submission of driver vehicle inspection reports under the agency’s new roadability regulations for intermoda
Trucking News
Saia Selling Stock to Pay Debt
JOC Staff |
Regional trucker Saia, seeking to restructure debt obligations amid falling demand and high costs, said Tuesday it will sell 2.3 million shares to institutional investors as part of a plan to make imp
Trucking News
LTL
Navistar Reverses Fourth-Quarter Loss
JOC Staff |
Navistar International, the Warrenville, Ill.-based truck and engine manufacturer, on Monday reported fiscal fourth-quarter net profit of $86 million, reversing a $343 million net loss in the same qua
Trucking News
Private Equity Firm Buys Transplace
JOC Staff |
The truckload carrier owners of Transplace sold the third-party logistics and technology operator to a New York-based private equity firm, the companies announced Tuesday, saying the deal will allow n
Truckload
Trucking News
Truck brokers
YRC Worldwide Wins Key Debt-Swap Approvals
JOC Staff |
YRC Worldwide won important approvals from lenders and the Securities and Exchange Commission for the debt-for-equity swap the trucking giant needs to avoid filing for bankruptcy protection.
Trucking News
LTL
Teamsters Reach Carhaul Accord With GM
JOC Staff |
Teamsters officials, trying to save carhauling work in the troubled automobile manufacturing jobs, say General Motors agreed to protect existing jobs at the company and remains in talks with the union
Trucking News
Trucking labor
California Highways Most Congested
R.G. Edmonson |
States with the two largest seaports ranked in the top five among states with the most-congested urban interstate highways, according to a Reason Foundation report.
Transport, Trade and Regulation News
Trucking News
Trucker Roadrunner Expects IPO in 2010
JOC Staff |
Roadrunner Transportation Services expects to launch its initial public stock offering now that the economy is more stable and the trucking company has withstood the downturn in demand.
Trucking News
LTL
Truck brokers
Roadrunner Buys Density
William B. Cassidy |
While many trucking companies are cutting prices to attract customers, Roadrunner Transportation Services is acquiring them.
Trucking News
LTL
Kraft Slices Truck Miles
William B. Cassidy |
Kraft Foods is cutting carbon dioxide where the rubber meets the road, shaking 50 million truck miles out of its global distribution operations and taking 50,000 trucks off highways since 2005, elimin
Trucking News
California’s New Congestion Problem
Bill Mongelluzzo |
When cargo volume in the Los Angeles-Long Beach port complex was booming two years ago, terminal operators opened gates early, worked through the lunch hour and offered five night and weekend ga
Maritime
Trucking News
Fog Over Clean Air
Joseph Bonney |
The Port Authority of New York and New Jersey hasn’t decided on the next step to phasing out older trucks, but drayage companies already are apprehensive about the path the port will take.
Maritime
Trucking News
Senate Panel OKs Five Regulatory Nominees
John D. Boyd |
A Senate panel approved nominations for officials to head the National Highway Traffic Safety Administration and serve on the Federal Maritime Commission, clearing them for confirmation by the full Se
Transport, Trade and Regulation News
Maritime
Trucking News
YRC Warns of Low Liquidity
William B. Cassidy |
YRC Worldwide sounded a warning over its debt-for-equity swap today as it raced to avoid a bankruptcy filing, saying it is critical that the company complete the deal before Dec. 31.
Trucking News
LTL
Roadability Rollout Hits Snags Nationwide
Bill Mongelluzzo |
Thursday's implementation of the government's roadability regulations for intermodal equipment is causing headaches for motor carriers and equipment providers at marine and rail terminals across the c
Trucking News
Teamsters Say Goldman Sachs Trades on YRC Bankruptcy
JOC Staff |
Teamsters General President James P.
Trucking News
LTL
Trucking labor
YRC Lowers Barrier to Debt-Equity Swap
William B. Cassidy |
YRC Worldwide is lowering the bar for its debt-for-equity swap with bondholders, dropping the participation requirement for certain bondholders from 95 percent to 70 percent for notes that come due in
Trucking News
LTL
Trucking labor
Analyst Questions Green Benefits of Greater Rail Use
William B. Cassidy |
Simply shifting freight from truck to rail won't result in a greener transportation system, transportation analyst Noël Perry said, arguing sustainability efforts should focus on entire supply ch
Trucking News
Rail News
New Truck Orders Drop 50 Percent
William B. Cassidy |
Truck sales ran out of gas in November, dropping 50 percent from October, when new truck orders were jacked up by a federal emissions mandate, ACT Research said.
Trucking News
Banks Extend YRC Worldwide's Credit Line
William B. Cassidy |
YRC Worldwide's banking group came to the troubled carrier's rescue today, extending its credit agreement until Jan.
Trucking News
LTL
Schneider Completes Conversion to Containers
John D. Boyd |
Schneider National, one of the largest U.S.
Trucking News
YRC Worldwide Extends Debt Swap Deadline Again
William B. Cassidy |
YRC Worldwide, trying to extend the clock on its bid to avoid bankruptcy protection, pushed back its deadline for a debt-for-equity swap by another two days on Wednesday.
Trucking News
LTL
YRC Debt-Equity Swap Faces Deadline
William B. Cassidy |
For the second time in a week, YRC Worldwide faces a midnight deadline for a critical part of its plan to avoid bankruptcy.
Trucking News
LTL
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