Sunday, January 21, 2018
Business
TCP: As freight slows, wage increases could be lower

TCP: As freight slows, wage increases could be lower

WINDSOR, Colo. — The trucking industry saw a slowdown in freight over the fourth quarter of 2015, Transport Capital Partners reported Thursday, leading to expectations that increases in driver wages will be limited in the year ahead as volume expectations were lowered for 2016.

Shipper Moller-Maersk posts Q4 loss of $2.5 billion

Shipper Moller-Maersk posts Q4 loss of $2.5 billion

HELSINKI — Hit by sharp declines in freight rates and the oil price, Danish shipping and energy group A.P. Moller-Maersk said Wednesday it turned a $2.5 billion loss in the fourth quarter, a big turnaround from the profit of $189 million in the equivalent period a year earlier.

Truck sales slide in January, drop expected

Truck sales slide in January, drop expected

Sales of new Class 8 tractors in the United States typically fall off a bit in January and 2016 was no exception, other than the fall was less pronounced than in previous years.

Chesapeake says it has no plans to file for bankruptcy

Chesapeake says it has no plans to file for bankruptcy

NEW YORK — Chesapeake Energy sought to assure investors Monday that it is not planning to file for bankruptcy protection. The announcement came after a news report that said it hired a law firm spooked investors and sent its stock plummeting.

U.S. adds just 151,000 jobs in January; for-hire trucking up 1,500

U.S. adds just 151,000 jobs in January; for-hire trucking up 1,500

WASHINGTON — U.S. employers added 151,000 jobs in January, a deceleration from recent months as companies shed education, transportation and temporary workers but hired others in manufacturing, retail and food services.

Love’s Travel Stops acquires Trillium CNG

Love’s Travel Stops acquires Trillium CNG

OKLAHOMA CITY— Love’s Travel Stops (Love’s) has entered into an agreement to purchase Trillium CNG, a provider of compressed natural gas (CNG). The agreement will add 37 public-access CNG locations to the Love’s network, bringing the number of Love’s-operated public CNG facilities to 65.

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