YRC Worldwide's CEO Foresees More Layoffs
Company trims workforce, aims for pre-tax profit, Zollars says
YRC Worldwide cut its payroll 34.5 percent last year and a further 5.5 percent so far in 2010, reducing its workforce from 55,000 to 34,000 employees.
The nation's largest trucking operator eliminated 2,000 jobs since the end of 2009, and the cuts probably aren't over, Chairman and CEO William D. Zollars said.
YRC Worldwide's CEO Foresees More Layoffs | Journal of Commerce
U.S. Seeks Trucking Deal with Mexico, Kirk Says
Trade rep says White House will work with Congress to resolve cross-border dispute
The White House is looking for a route out of a year-long trade dispute with Mexico over the elimination of a cross-border trucking pilot project.
"We would like to" have a new cross-border trucking program for U.S. and Mexican carriers, U.S. Trade Representative Ron Kirk said today.
U.S. Seeks Trucking Deal with Mexico, Kirk Says | Journal of Commerce
PHMSA Narrows Hazmat Security Requirements
Agency removes items from list requiring plans for transport
The Pipeline and Hazardous Materials Safety Administration is removing selected items from a list that requires security plans for their transportation.
Officials said that the narrowing of the list was based on a risk analysis of the materials. Materials were evaluated by whether or not they could be used as weapons if they were intercepted or stolen by terrorists.
The list includes radioactive materials, explosives, chemicals that can be used in making explosives, toxic chemicals that pose an inhalation hazard, biological agents and toxins. PHMSA removed materials that were not likely to be targeted, or were in quantities too small to be dangerous to the public.
PHMSA Narrows Hazmat Security Requirements | Journal of Commerce
Diesel Reaches Highest Point in 16 Months
Average price jumps 4.3 cents to $2.904 per gallon
The national average price of diesel fuel reached its highest point in more than a year in the past week, jumping 4.3 cents to surpass $2.90 a gallon for the first time since November 2008, the U.S. Energy Information Administration said.
The third straight week-over-week increase put the national average price at $2.904 a gallon for the week ending March 8, 14.8 cents higher than it was three weeks ago. It was also 77 cents, or 38 percent, higher than the low point almost exactly one year ago.
Diesel Reaches Highest Point in 16 Months | Journal of Commerce
Trucking Companies Fear Driver Shortage
Spot shortages appearing as freight volume increases, says ATA
A spike in cargo volume could produce a driver shortage and would expose bottlenecks on key freight corridors, the chairman of the American Trucking Associations warns.
Hundreds of drivers left the industry during the lengthy trucking recession that started in mid-2007, Tommy Hodges said Monday in an address to the annual convention of the International Warehouse Logistics Association in Coronado, Calif.
"They left with a bad taste in their mouth," Hodges said, and many of those drivers will not come back to trucking even though U.S. unemployment remains high. He indicated that spot shortages are beginning to appear, citing the case of a North Carolina fleet operator who can't find enough drivers.
Trucking Companies Fear Driver Shortage | Journal of Commerce
Dow 10,564.38 +11.86 +0.11%
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S&P 500 1,140.44 +1.94 +0.17%
Oil 81.57 +0.08 +0.10%
Gold 1,122.00 -1.60 -0.14%
YRCW 0.52...0.03...5.98%
SAIA 14.38...0.75...5.50%
CNW 35.96...1.81...5.30%
ODFL 33.32...1.28...4.00%
VTNC 10.37...0.38...3.80%
KNX 20.76...0.63...3.13%
HTLD 16.27...0.46...2.91%
JBHT 36.15...0.88...2.50%
ABFS 28.75...0.62...2.20%
LSTR 40.29...0.77...1.95%
UPS 60.29...0.49...0.82%
FDX 86.85...0.18...0.21%
Economic Stimulus Was a Waste of Time: Analyst
The debate about whether governments should borrow their way out of recession continues across the world.
On one side, Keynesian economists like Federal Reserve Chairman Ben Bernanke and Nobel Prize winner Joseph Stiglitz argue that prolonged spending has held up economic growth at a time when private consumption and investment has fallen off a cliff.
News Headlines
Company trims workforce, aims for pre-tax profit, Zollars says
YRC Worldwide cut its payroll 34.5 percent last year and a further 5.5 percent so far in 2010, reducing its workforce from 55,000 to 34,000 employees.
The nation's largest trucking operator eliminated 2,000 jobs since the end of 2009, and the cuts probably aren't over, Chairman and CEO William D. Zollars said.
YRC Worldwide's CEO Foresees More Layoffs | Journal of Commerce
U.S. Seeks Trucking Deal with Mexico, Kirk Says
Trade rep says White House will work with Congress to resolve cross-border dispute
The White House is looking for a route out of a year-long trade dispute with Mexico over the elimination of a cross-border trucking pilot project.
"We would like to" have a new cross-border trucking program for U.S. and Mexican carriers, U.S. Trade Representative Ron Kirk said today.
U.S. Seeks Trucking Deal with Mexico, Kirk Says | Journal of Commerce
PHMSA Narrows Hazmat Security Requirements
Agency removes items from list requiring plans for transport
The Pipeline and Hazardous Materials Safety Administration is removing selected items from a list that requires security plans for their transportation.
Officials said that the narrowing of the list was based on a risk analysis of the materials. Materials were evaluated by whether or not they could be used as weapons if they were intercepted or stolen by terrorists.
The list includes radioactive materials, explosives, chemicals that can be used in making explosives, toxic chemicals that pose an inhalation hazard, biological agents and toxins. PHMSA removed materials that were not likely to be targeted, or were in quantities too small to be dangerous to the public.
PHMSA Narrows Hazmat Security Requirements | Journal of Commerce
Diesel Reaches Highest Point in 16 Months
Average price jumps 4.3 cents to $2.904 per gallon
The national average price of diesel fuel reached its highest point in more than a year in the past week, jumping 4.3 cents to surpass $2.90 a gallon for the first time since November 2008, the U.S. Energy Information Administration said.
The third straight week-over-week increase put the national average price at $2.904 a gallon for the week ending March 8, 14.8 cents higher than it was three weeks ago. It was also 77 cents, or 38 percent, higher than the low point almost exactly one year ago.
Diesel Reaches Highest Point in 16 Months | Journal of Commerce
Trucking Companies Fear Driver Shortage
Spot shortages appearing as freight volume increases, says ATA
A spike in cargo volume could produce a driver shortage and would expose bottlenecks on key freight corridors, the chairman of the American Trucking Associations warns.
Hundreds of drivers left the industry during the lengthy trucking recession that started in mid-2007, Tommy Hodges said Monday in an address to the annual convention of the International Warehouse Logistics Association in Coronado, Calif.
"They left with a bad taste in their mouth," Hodges said, and many of those drivers will not come back to trucking even though U.S. unemployment remains high. He indicated that spot shortages are beginning to appear, citing the case of a North Carolina fleet operator who can't find enough drivers.
Trucking Companies Fear Driver Shortage | Journal of Commerce
Dow 10,564.38 +11.86 +0.11%
Nasdaq 2,340.68 +8.47 +0.36%
S&P 500 1,140.44 +1.94 +0.17%
Oil 81.57 +0.08 +0.10%
Gold 1,122.00 -1.60 -0.14%
YRCW 0.52...0.03...5.98%
SAIA 14.38...0.75...5.50%
CNW 35.96...1.81...5.30%
ODFL 33.32...1.28...4.00%
VTNC 10.37...0.38...3.80%
KNX 20.76...0.63...3.13%
HTLD 16.27...0.46...2.91%
JBHT 36.15...0.88...2.50%
ABFS 28.75...0.62...2.20%
LSTR 40.29...0.77...1.95%
UPS 60.29...0.49...0.82%
FDX 86.85...0.18...0.21%
Economic Stimulus Was a Waste of Time: Analyst
The debate about whether governments should borrow their way out of recession continues across the world.
On one side, Keynesian economists like Federal Reserve Chairman Ben Bernanke and Nobel Prize winner Joseph Stiglitz argue that prolonged spending has held up economic growth at a time when private consumption and investment has fallen off a cliff.
News Headlines