The Virginia Department of Transportation said it will propose closing 19 of the state's 41 highway rest areas, scaling back its original proposal to close 25.
May 22, 2009Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Obama Issues Stricter Auto Efficiency Rules
The Obama administration last week announced stricter requirements for automobile fuel efficiency and a first-ever national greenhouse gas reduction standard for cars and light trucks. Though heavy trucks are not immediately affected, an industry official suggested similar changes could be coming within the next decade.
May 25, 2009Fleets See Slight Freight Gain
NEW YORK — A broad spectrum of truckers are reporting modest recent improvement in freight levels, but industry executives last week said it still was too early to declare a steady positive trend is emerging.
May 25, 2009Fleets See Longer Tire Life with Monitoring Systems
Trucking fleets and tire makers said increased use of tire-pressure monitoring systems and automatic inflation systems is saving lives and money.
May 25, 2009Fuel Price Hedgers Seeking Market Bottom
With fuel prices dramatically lower than just a year ago, carriers that engage in hedging are questioning whether the market is close enough to a bottom to begin locking in prices, according to several fuel-purchasing analysts.
May 25, 2009LaHood Says No Decision Yet on Truck Weights
WASHINGTON — The Department of Transportation has yet to make a decision on whether to back increased federal truck weight limits, Secretary Ray LaHood said.
May 22, 2009House Adds Unionizing Measure to FAA Reauthorization
The House approved a bill before leaving for its Memorial Day recess that would make it easier for employees to join unions, Bloomberg reported.
May 22, 2009Virginia Scales Back Plan To Close Rest Stops
Knight Boosting Dividend
Truckload carrier Knight Transportation said it will boost its quarterly dividend to 5 cents per share, from 4 cents.
May 22, 2009Two Auto Haulers to Merge
The sluggish automobile industry has led Jack Cooper Transport Co., an automobile carrier for General Motors Corp., to merge with another car hauling company, the Kansas City Star reported.
May 22, 2009Senate Confirms Heads for FAA, FTA
The Senate late Thursday confirmed Randy Babbit, former president of the Air Line Pilots Association, as the administrator of the Federal Aviation Administration.
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