Con-way Inc. Wednesday lowered its 2008 earnings forecast to a range of $2.60 to $2.80 a share, citing a downturn in freight demand from a lagging U.S. economy.
October 1, 2008Business, Safety, Government, Technology
Letters to the Editor: Packaging, N.J. Turnpike, Relief Disaster, Seat-Belt Cameras, Trucking’s Cost
In this country and this economy, I, too, believe there’s a lot of unused space moving up and down our highways, creating inefficiencies.
October 2, 2008Government, Business, Safety
Port Trucking Rules Take Effect in L.A., Long Beach
Authorities at the ports of Los Angeles and Long Beach, Calif., are beginning enforcement Wednesday of new regulations banning pre-1989 model trucks from operating at the ports, the Long Beach Press-Telegram reported.
October 1, 2008Business, Safety, Government
GAO Says Half of Workers Have Not Applied for TWIC
Nearly a year into the application process, more than half of the estimated 1.2 million U.S. transportation workers have not applied for their Transportation Worker Identification Credential that, beginning April 15, 2009, will be required to gain entrance to all the nation’s ports and other transportation facilities.
October 1, 2008Government, Business, Safety, Logistics
Kelly Nominated to Head NHTSA
The Bush administration has nominated David Kelly to head the National Highway Traffic Safety Administration, the Associated Press reported.
October 1, 2008Business
Private Equity Firm Takes 47.5% Stake in Pilot
Private equity firm CVC Capital Partners will acquire a 47.5% interest in Pilot Travel Centers forming an equal governance partnership with parent company Pilot Corp., the companies said.
October 1, 2008Business, Safety, Government
ISM Manufacturing Index Contracts in September
U.S. manufacturing contracted in September at the fastest pace since the last recession, the Institute for Supply Management said Wednesday.
October 1, 2008Government, Business
Construction Spending Unchanged in August
Construction spending held steady in August, the Commerce Department said Wednesday.
October 1, 2008Business, Safety, Government
Wyoming Lowering Speed Limit on Stretch of I-80 for Winter
The Wyoming Department of Transportation plans to impose a speed limit of 65 mph on a 52-mile stretch of Interstate 80 between Laramie and Rawlins for six months, starting Oct. 15, the Associated Press reported.
October 1, 2008Government, Business
Group Backs Out of $12.8 Billion Penn. Turnpike Deal
An investment group has pulled out of a planned $12.8 billion, 75-year lease of the Pennsylvania Turnpike, citing inaction by state legislators, the Associated Press reported.
September 30, 2008