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Port of Los Angeles officials voted late Thursday to ban independent truck drivers from the port by the end of 2013, the Long Beach Press-Telegram reported Friday. |
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U.S. consumer confidence fell to a 28-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday. |
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New home construction rose 8.2% in April to a seasonally adjusted annual rate of 1.03 million units, the Commerce Department said Friday. |
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Tank truck carrier Quality Distribution named Thomas White its new chairman, the company said late Thursday. |
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American Trucking Associations said Thursday it has assumed management of the Distribution & LTL Carriers Association, which represents for-hire trucking companies engaged in less-than-truckload freight shipments and warehousing. |
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Trailer Bridge Inc. said late Thursday it lost $1.8 million, or 15 cents a share, in the first quarter, compared with earning $1.3 million, or 11 cents, a year ago. |
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EDITION: PAGE ONE
Week of May 12, 2008
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Mexico Seeks Nafta Damages Mexico’s principal trucking group said its members have lost more than $2 billion a year because the United States has refused to allow cross-border trucking as required by the 1993 North American Free Trade Agreement and that it is seeking damages through arbitration. |
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Component Manufacturers Expand Overseas Major suppliers of drivetrain components, brakes and suspension parts are following the lead of truck and engine makers by expanding production and distribution outside North America, while revamping existing operations to lower costs and develop new products. |
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Diesel Price Slips 2.8¢ to $4.149 The average price of retail diesel slipped 2.8 cents last week from its all-time record — the first decline in four weeks — as the Department of Energy released a prediction that prices would remain above $4 a gallon for the foreseeable future. |
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IdleAire Files for Bankruptcy
IdleAire Technologies Corp., a designer of anti-idling systems for long-haul trucks at truck stops, has sought bankruptcy protection from creditors after failing to obtain new financing, Bloomberg reported. |
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Xata Reports Second-Quarter Loss
Transportation software firm Xata Corp. said Monday it lost $1.4 million, or 17 cents a share, in its fiscal second quarter, compared with a loss of $900,000, or 12 cents, a year ago.
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Sprint Nextel’s First-Quarter Loss Widens
Wireless carrier Sprint Nextel Corp. said Monday it had a larger first-quarter deficit as revenue fell, it lost more than a million subscribers and it absorbed charges for severance and other costs, the Associated Press reported. |
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Technology
Oregon Police Ride in Trucks to Nab Unsafe Drivers
Oregon state and local police began cracking down this week on unsafe automobile drivers who drive near trucks, with police riding in big rigs to looking for drivers who speed, tailgate or don’t leave trucks enough room to maneuver, Portland, Ore., television station KGW reported on its Web site. |
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PHMSA Proposes Hazmat Fee Increase
The Pipeline and Hazardous Materials Safety Administration proposes to more than double the registration fee for companies hauling hazardous materials — to $2,500 a year. |
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Court Upholds Graves Amendment on Liability
The New York Court of Appeals has upheld the constitutionality of a federal law, known as the Graves Amendment, that bars claims against leasing companies because of actions of equipment lessees. |
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Safety & Security
ArvinMeritor to Spin Off Auto Unit
Auto and truck component maker ArvinMeritor Inc. said it will spin off its automobile business unit to its shareholders and focus on supplying parts for commercial trucks. |
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GM to Pay Up to Help End Axle Strike
General Motors Corp., the biggest U.S. automaker, agreed to provide as much as $200 million to help American Axle & Manufacturing Holdings Inc. end a two-month strike that has idled all or part of 33 GM plants, Bloomberg News reported. |
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Toyota Stock Falls as Profit Declines
Toyota Motor Corp.’s stock price fell as much as 5.3% in New York trading as the world's second-largest automaker posted a steeper drop in quarterly profit than analysts estimated, saying earnings this year will slump 27% on a stronger yen and decreasing U.S. sales, Bloomberg News reported. |
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Hyundai Halts U.S. Pickup Plan
Hyundai Motor Co. and its affiliate Kia Motors Corp. halted plans to build pick-up trucks in the U.S. as high oil prices crimp demand for less fuel-efficient vehicles, Bloomberg News reported. |
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Payrolls Decline Less Than Forecast
The U.S. lost fewer jobs than forecast in April, and the unemployment rate dropped, signaling that the economic slowdown may be milder than the 2001 recession, Bloomberg News reported. |
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Light & Medium Truck News
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R. L. Polk & Co.
The industry’s only fact-based source for Commercial Vehicle
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