Construction has begun on a 10,000-square-foot headquarters for the California Trucking Association at 4148 East Commerce Way near Arco Arena in Natomas.
It’s an unofficial poll, but a site for truckers, finds that Sen. John McCain is the industry’s fave over Sen. Barack Obama, 67 to 27 percent.
FedEx Corp. said Thursday its fiscal first-quarter profit slipped 22% from a year ago on higher fuel costs and declining demand for express shipments, and said its express unit will boost rates by a net 4.9% next year.
The U.S. House of Representatives defied a White House veto threat on Tuesday by voting to end a controversial pilot program that gives long-haul commercial trucks from Mexico full access to U.S. highways.
The Snoqualmie Pass corridor carries some 27,000 cars and trucks a day, the Washington Department of Transportation said, including freight to and from the Port of Seattle. The plan will expand daily capacity to 51,000 vehicles, including 19,000 trucks.
Longbow Research analyst Lee Klaskow said in a telephone interview that privately-held Swift Transportation Co. is likely at the most risk in the current shaky markets. The Phoenix-based company was taken private last year through a leveraged buyout by its founder, Jerry Moyes.
“We (ATA) can’t do an economic model and put in a variable for like what happened to AIG. You just don’t model those things, which makes it more difficult to know exactly what’s out there on the horizon.”