Transport Topics
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Celadon Group Inc. fiscal fourth-quarter earnings plummeted 87% to $1.62 million, or 6 cents per share, hurt by a precipitous drop in gains on equipment dispositions, claims costs, higher expenses and the weak freight market that put a lid on efforts to raise rates.
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Heavy-duty supplier Accuride Corp. said it has entered into a definitive agreement to be acquired by funds managed by Crestview Partners, a leading New York-based private equity firm, for $2.58 per share in cash.
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ALLENTOWN, Pa. - Mack Trucks rolled out its 2017 lineup here, featuring four in-house engines designed to meet federal greenhouse-gas emissions standards for trucks that tighten on Jan. 1.
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For-hire trucking added 3,400 jobs in August, and the unemployment rate held steady at 4.9%, the Labor Department reported Sept. 2.
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