Recent Articles

Swift Transportation soars on strong 4Q earnings

Swift Transportation soars on strong 4Q earnings

| January 28, 2013 | Reply

Swift Transportation Co.’s shares soared Thursday after the truckload delivery company’s fourth-quarter performance exceeded market expectations. The company reported after the market closed Wednesday that its fourth-quarter net income jumped 27 percent from a year ago to $46.9 million or 34 cents per share. After stripping out one-time charges, earnings amounted to 38 cents per [...]

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Avis acquires Zipcar for $500 million

Avis acquires Zipcar for $500 million

| January 4, 2013 | Reply

The 49% premium over the closing price represents a total transaction value of approximately $500 million. The purchase is subject to approval by Zipcar shareholders and other customary closing conditions, and is expected to be completed in the spring of 2013. The Boards of Directors of both companies unanimously approved the transaction, and Zipcar shareholders [...]

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Doctors, trucking companies favor new health-testing regulation

Doctors, trucking companies favor new health-testing regulation

| January 2, 2013 | Reply

A new federal regulation requiring certified medical examiners to give physical examinations for commercial driver’s licenses is favored by trucking companies, but not so popular with drivers. Every interstate bus and truck driver on the road today is required to pass a medical examination. Not only do they have to pass the exam, they also must have a copy [...]

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US Gasoline Prices Dip to Lowest Level in Year

US Gasoline Prices Dip to Lowest Level in Year

| December 20, 2012 | Reply

Retail gasoline prices have fallen to the lowest level in a year as refineries restored production and stockpiles rose to an eight-month high, blunting criticism of President Barack Obama’s energy policies. Regular gasoline dropped 9.5 cents, or 2.8 percent from a week earlier, to $3.254 a gallon Monday, the lowest since Dec. 19, 2011, according [...]

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HDA Truck Pride Expands Master Warehouse Program

HDA Truck Pride Expands Master Warehouse Program

| December 12, 2012 | Reply

HDA Truck Pride has expanded its Master Warehouse to a new, larger facility in the metropolitan St Louis area. The expansion supports HDA Truck Prides Strategic Plan to ensure availability of all critical products and services to the entire membership. The facility will also house the corporate offices, combining formerly separate operations and improving customer [...]

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Ford to offer diesel in new full-size Transit van

Ford to offer diesel in new full-size Transit van

| December 11, 2012 | Reply

Ford was to announce today that it will offer a diesel engine in the new Transit commercial van when it goes on sale in the U.S. late next year. A 3.2-liter turbo-diesel will be offered for those who want a work truck with the additional low-end torque for hauling that a diesel provides. The other [...]

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Hackers steal money from trucking company

Hackers steal money from trucking company

| November 30, 2012 | Reply

State police are investigating the theft of more than $8,000 from a trucking business that was stolen through a virus contained in an email. State police Trooper Stefani Plume, public information officer, said a hacker placed a Trojan virus through spam email onto a computer at Pleasant Trucking, Inc. Plume said the thief used the [...]

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Natural gas drillers target US truck, bus market

Natural gas drillers target US truck, bus market

| November 26, 2012 | Reply

If the trash truck or bus rolling down your street seems a little quieter these days, you’re not imagining things. It’s probably running on natural gas. Surging gas production has led the drilling industry to seek out new markets for its product, and energy companies, increasingly, are setting their sights on the transportation sector. Touting [...]

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Truckers are prepared for new traffic patterns

Truckers are prepared for new traffic patterns

| November 23, 2012 | Reply

 The Virginia Department of Transportation is encouraging truckers driving through Northern Virginia to prepare for the major traffic changes on the Capital Beltway due to the opening of the 495 Express Lanes. Vehicles with three or more axles are prohibited on the Express Lanes. If vehicles with three or more axles enter the Express Lanes, [...]

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Marchionne Wins CNH Support of Fiat Industrial Offer

Marchionne Wins CNH Support of Fiat Industrial Offer

| November 22, 2012 | Reply

Fiat Industrial SpA (FI) Chairman Sergio Marchionne won support from CNH Global NV (CNH) for an improved buyout offer to combine the tractor and truck makers and shift their focus to the U.S. from Europe. CNH “views favorably the latest enhanced offer,” a board committee evaluating the offer said in a statement today. “The special [...]

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