Major U.S. freight railroads reached tentative agreements Tuesday with five rail labor unions representing about 30,000 unionized employees, the National Carriers' Conference Committee said.
July 18, 2007Business
Interpool Shareholders Approve Buyout
Interpool Inc. said Wednesday that its stockholders voted to approve the company’s previously announced acquisition by private-equity firm Chariot Acquisition Holding LLC.
July 18, 2007BusinessSafetyGovernmentTechnologyEquipment
Pennsylvania Gov. Rendell Signs Transportation Measure
Pennsylvania Gov. Ed. Rendell (D) signed a bill into law Wednesday to put nearly $1 billion on average in annual funding for the state’s roads, bridges and public transit systems.
July 18, 2007BusinessLogistics
CSX’s Second-Quarter Earnings Dip
Eastern freight rail line CSX Corp.’s second-quarter earnings fell almost 17% from a year earlier, the railroad said.
July 18, 2007BusinessGovernment
June Consumer Price Index Rises 0.2%
The consumer price index rose 0.2% in June, the smallest gain in five months, the Labor Department said Wednesday.
July 18, 2007BusinessGovernment
Housing Starts Climb 2.3%
Housing starts rose 2.3% last month, the Commerce Department said Wednesday.
July 18, 2007BusinessFuelSafetyLogisticsGovernmentTechnologyEquipment
Trucking Groups Back Tax Breaks for Onboard Power Units
American Trucking Associations and the Canadian Trucking Alliance Tuesday urged state and provincial governments to revise their fuel tax systems to encourage truckers to use truck idling reduction technology.
July 17, 2007Business
Union Clerks in Talks at SoCal Ports
Union clerks at the ports of Los Angeles and Long Beach who are negotiating a new contract have not reached an agreement with shipping lines and terminal operators but have not set a strike deadline, the Los Angeles Times reported.
July 17, 2007BusinessEquipmentSafetyGovernment
State Lawmakers Block N.Y.C. Congestion-Fee Plan
New York state lawmakers Monday put the brakes on New York City’s plan to charge congestion fees on cars and trucks in the city’s business district, the New York Times reported Tuesday.
July 17, 2007BusinessEquipment
Continental Tire Recognized by EPA SmartWay Program
Several of Continental Tire’s products have been recognized by the Environmental Protection Agency for meeting the agency’s SmartWay tractor-trailer equipment specifications.
July 17, 2007