News: Economy

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November orders of tractors and trailers way up
Friday December 19, 2014 7:39 PM
COLUMBUS, IN – 40,925 Class 8 vehicles ordered in November; year-to-date orders of 336,000 units are up 42.4% from this time last year.
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FedEx ups profit by 23%, invests in e-commerce
Thursday December 18, 2014 1:20 PM
MEMPHIS, TN— Trucking and package delivery giant FedEx Corp. reported a 23-percent jump in profit for its fiscal year second quarter.
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U.S. Senate approves tax credits for trucking industry
Thursday December 18, 2014 12:01 PM
WASHINGTON, DC — President expected to sign bill that would save trucking industry millions for things like buying trucks and using alternative fuels.
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North America a bright spot for Volvo Group truck sales
Thursday December 18, 2014 8:15 AM
Göteborg, Sweden — November 2014 deliveries from the Volvo Group’s truck operations is up 21% in North America but down worldwide down 10% from November 2013.
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Mullen Group to invest $40M in replacement capital
Thursday December 18, 2014 7:20 AM
OKOTOKS, AB — Company announces 2015 business plan with cautions about new challenges for the oil and natural gas industry.
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Returns are ‘adequate’ for most carriers: report
Wednesday December 17, 2014 7:27 AM
WINDSOR, CO — New survey by Transport Capital Partners suggests that despite better rates of return, carriers are still cautious about growth.
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Hamilton garbage truck-maker bankrupt
Monday December 15, 2014 4:11 PM
HAMILTON, ON— Hamilton, Ontario-based garbage truck manufacturer Universal Handling Equipment has filed for bankruptcy earlier this month.
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U.S. fleets raising pay to truck drivers: report
Monday December 15, 2014 10:32 AM
ARLINGTON, VA — A new survey reveals that in seven of the nine categories, U.S. truck drivers meet or exceed America’s median household income of just over $53,000 per year.
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