![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKING INDUSTRY NEWS * USA
* UPS to Buy New Hydraulic Hybrid Trucks
Atlanta,GA,USA -Transport Topics -27 Oct 2008: -- UPS Inc. said Monday it will buy seven new hydraulic hybrid vehicles produced by Eaton Corp. and Navistar International Corp.... The company said it will be the first in the package delivery industry to purchase vehicles with the technology, which promises dramatic cuts in fuel costs and emissions, UPS said in a statement... Hydraulic hybrids have diesel engines and store energy by compressing hydraulic fluid under pressure, the company said...
* Covenant Reports 3Q Loss
USA -Transport Topics -27 Oct 2008: -- Covenant Transportation Group said late Monday it lost $3.4 million, or 24 cents a share, in the third quarter, compared with a loss of $3.6 million, or 25 cents, a year ago... Revenue rose 20.9% to $212.5 million, the truckload carrier said in a statement... Freight revenue, which excludes fuel surcharges, rose 9.7% to $162.9 million, Covenant said...
* JHT Holdings Emerges From Chapter 11 - Company and Lenders Have Great Confidence in Future Success - JHT Completes Financial Reorganization
Kenosha,WIS,USA -MarketWatch -Oct 27, 2008: -- JHT Holdings, Inc. (JHT), a holding company whose subsidiaries provide heavy- and medium- duty truck transportation services, announced today that it had successfully emerged from Chapter 11 and named Michael Testman as its new CEO to fully implement its Plan of Reorganization. The announcement follows the approval earlier this month of the company's Plan of Reorganization by Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the District of Delaware...
* California attorney general sues 3 trucking companies as part of working conditions investigation
Sacramento,CAL,USA -89.3KPCC, by Molly Peterson -27 Oct 2008: -- California attorney general Jerry Brown says he’s suing three trucking companies working the San Pedro ports... Complaints filed in Los Angeles Superior Court allege that Moreno Trucking, Guasimal Trucking, and Edmund Jose Lira all hired drivers they treated illegally as contractors. The state claims the trucking companies control all aspects of the drivers’ work, own the trucks they drive, and pay the drivers’ hourly wages – often for 60 or more hours a week... An estimated 16,000 drivers serve the ports of Long Beach and L.A. Labor activists say more than 90 percent of those drivers work as independent contractors, not as employees...
* J.B. Hunt adapts hauling techniques
Lowell,MASS,USA -AP/The Batesville Daily Guard -October 27, 2008 — J.B. Hunt Transport Services Inc. has shifted to intermodal transport, using rail lines as part of an effort to diversify its business from its customary emphasis on using tractor-trailers... The company has been reducing its truck-load segment as it develops its use of rail lines. Also, the Lowell-based company has begun a brokerage business as further insulation against the cycles that cause the fortunes of trucking companies to zigzag...
Labels: trucking industry news USA
posted by Unknown @ 6:51 AM
0 Comments:
Post a Comment
<< Home