Business

Volvo, Freightliner issue recalls for some on-highway tractors

| August 06, 2014

Volvo is recalling 862 2011-2015 VNL and 2014-2015 VNM trucks. Freightliner is recalling 194 2015 model Cascadia, 122SD and Business Class M2 units.

‘Burden of proof,’ shipper and receiver accountability highlight anti-coercion rule comments

| August 05, 2014

Two key arguments have emerged: One contending the rule is past due and that the agency should do more to hold shippers and receivers accountable, and the other saying the rule is a good idea but places the burden of proof of coercion on truck operators, thereby undermining its purpose.

Rates remain hot despite drops in July

| August 05, 2014

Per-mile rates on the spot market in July fell from the month prior in all three segments (reefer, flatbed and dry van) for the first time since January, according to Internet Truckstop’s monthly rate data, but rates in all segments remain near all-time high territory.

Diesel price falls again, down 6.7 cents in past month

| August 04, 2014

The national average price for a gallon of on-highway diesel continued its downward streak in the week ended Aug. 4, falling five-tenths of a cent to $3.853, according to the government. The price of diesel has fallen every week since the week ended June 30.

PIB tip: Prepare for loans

| August 04, 2014

When you apply for a loan, you should come armed with certain information. Here's what you need.

Judge sends outstanding Pilot Flying J lawsuits to mediation

| August 01, 2014

The seven outstanding lawsuits filed against Pilot Flying J over its fuel rebate withholding scheme have been ordered to mediation, where the trucking companies who opted out of the fuel provider and truck stop chain's class-action settlement will seek to reach a separate settlement with Pilot.

Trucking gains 2,300 jobs in July, U.S. hiring remains strong

| August 01, 2014

The for-hire trucking industry added 2,300 jobs in July on a seasonally adjusted basis, according to the government. The U.S. economy as a whole in July added 209,000 non-farm jobs, but the national unemployment rate rose a tenth of a percent to 6.2 percent.

Senate acts to ensure highway funding to May, passes short-term bill

| August 01, 2014

The Senate on Thursday passed a 10-month funding bill that will prevent the Highway Trust Fund from going broke until the end of May. The bill was passed by the House earlier this month, so the bill now is a presidential signature away from becoming law.

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