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NAFTA surface trade hit record high in March

Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 6.2 percent higher in March than in March 2011, totaling $85.8 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation. March was the highest month…

Four private fleet drivers inducted into PMTC Hall of Fame

The Private Motor Truck Council of Canada (PMTC) has inducted four drivers into its Hall of Fame during its annual conference in King City yesterday. The Hall of Fame – found online at www.pmtc.ca –is sponsored by Huron Services Group and recognizes superior over the road performance by drivers whose…

Mack partners with community to open Mack Truck Stop

As a result of a partnership with multiple organizations in Lehigh Valley, Pa., a Titan by Mack now greets visitors to the Levitt Pavilion at SteelStacks, an arts and cultural center and the former site of Bethlehem Steel. Mack partnered with ArtsQuest, which manages the Levitt Pavilion, and the Lehigh…

Arkansas Best Corporation Closes on Acquisition of Premium Logistics Company Panther Expedited Services, Inc.

Arkansas Best Corporation (ABFS), a leading provider of freight transportation and logistics solutions, today announced it closed on the previously announced purchase of Panther Expedited Services, Inc. (“Panther”), from Fenway Partners LLC, for approximately $180 million, adding that all of Panther’s outstanding debt has been repaid. The $100 million term…

FTR Shippers Conditions Index unchanged in April

FTR Associates on Wednesday, June 13, announced that its Shippers Conditions Index for April basically was unchanged from the previous month with a moderately negative reading of -5.4. The SCI sums up all market influences that affect shippers; a reading above zero suggests a favorable shipping environment, while a reading…

Allied Systems Holdings files for Chapter 11

Automotive transportation provider Allied Systems Holdings on Sunday, June 10, announced that the company has implemented a financial restructuring through Chapter 11 of the U.S. Bankruptcy Code as part of its plan to eliminate debt and strengthen its balance sheet. The company said it will continue normal operations in the…

Trucking conditions Improvement 2012

FTR’s Trucking Conditions Index (TCI) for April moved significantly higher from the previous month, climbing 2.7 points to a favourable reading of 9.1. The TCI is a compilation of factors affecting trucking companies. Any reading above zero indicates a positive environment for truckers with readings above 10 a sign that…

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