TMC Transportation, based in Des Moines, Iowa, said it will distribute an unspecified amount of stock in the company to its 2,500 employees as part of a transition to employee ownership.
October 10, 2013Business
Knight Raises USA Truck Holdings To Bolster Its Takeover Proposal
Knight Transportation Inc. stepped up its unsolicited takeover bid for USA Truck Inc. last week, a move analysts said illustrates the growing interest in acquisitions among well-capitalized fleets.
October 7, 2013Government, Business
Highway Programs Continue Despite Government Shutdown
Highway construction and safety programs will remain operational despite most federal government functions shutting down Oct. 1 after legislators failed to agree on a measure to fund the government, the Department of Transportation said.
October 2, 2013Government, Business
Foxx Names Former Facebook Exec as His Chief of Staff
Transportation Secretary Anthony Foxx has named former Facebook executive Sarah Feinberg as his chief of staff.
August 29, 2013Business
DOT Freight Transportation Index Rises 1.8%
The Department of Transportation’s freight transportation services index rose 1.8% in June from the same month last year, but slipped from May.
August 14, 2013Government, Business, Safety
Hersman Reappointed to NTSB
President Obama has reappointed Deborah Hersman to a third term as chairman of the National Transportation Safety Board.
August 6, 2013Business
ATRI Surveying Trucking on Industry’s Top Concerns
The American Transportation Research Institute has launched its 2013 survey on the trucking industry’s top issues.
August 6, 2013Business
DOT to Cut Daily Reports; Rule Change Could Save Trucking $1.7 Billion a Year
WASHINGTON — Transportation Secretary Anthony Foxx said his department would formally propose eliminating a requirement that truck drivers file daily inspection reports when they do not find any problems with their vehicles, a decision he said would save the industry $1.7 billion a year.
August 5, 2013Government, Business
DOT Gives $7 Million to Three Northeast States to Repair Flood-Damaged Roads
The Department of Transportation said it is immediately making available $7 million in emergency relief funds for three Northeastern states to help cover the costs of repairing roads damaged by flooding this summer.
July 31, 2013Government, Business
Michigan Proposes Privatizing Some State Transportation Operations
Michigan has proposed a sweeping plan under which private companies would take over work currently handled by the state’s transportation department — from operating rest stops and freeway lighting to replacing, repairing and maintaining bridges along interstate highways.
July 31, 2013