Tank carrier Quality Distribution Inc. has agreed to be acquired for approximately $800 million by private equity firm Apax Partners, the companies announced.
May 7, 2015GovernmentBusiness
Sen. James Inhofe: ‘Not Going To Be a User Fee’ to Fund Highway Bill
WASHINGTON  — Congressional Republican leaders will not consider raising taxes on gas and diesel fuels as a way to back transportation programs in a short-term measure and in a multiyear bill, the chairman of the Senate transportation policy panel told Transport Topics on May 5.
May 6, 2015GovernmentBusiness
Transportation Coalition Says Next Highway Patch Should Include Funding Fix
The next highway funding extension Congress approves should require the tax-writing panels to come up with a plan that ensures long-term funding for highways and transit projects, the Transportation Construction Coalition said May 6.
May 6, 2015Government
Sen. Deb Fischer’s FMCSA Overhaul Bill Expected Before Long-Term Highway Bill
WASHINGTON — Sen. Deb Fischer (R-Neb.) said she expects to offer legislation that would reform programs at the Federal Motor Carrier Safety Administration before Congress takes up a long-term highway plan.
May 6, 2015BusinessFuelGovernment
Expeditors Net Income Jumps 27%
Expeditors International of Washington Inc. raised net income 27% to $107.3 million, or 55 cents per share, as business improved for air and ocean freight management services.
May 6, 2015BusinessSafetyGovernmentLogisticsFuel
BNSF Oil-Train Derailment Sets Tank Cars on Fire in North Dakota
A BNSF Railway train carrying crude oil derailed in North Dakota, setting several tank cars on fire and prompting the evacuation of nearby residents, U.S. and local authorities said.
May 6, 2015GovernmentBusiness
Michigan Voters Reject Transportation Funding Plan That Would Have Raised Sales Tax
Michigan voters have overwhelmingly rejected a ballot measure that would have raised the state sales tax from 6% to 7% as the key element in a sweeping transportation funding plan now dead.
May 6, 2015Government
Sen. Cory Booker on House T-HUD Bill: ‘Relaxing Safety Regulations is Unacceptable’
WASHINGTON — Sen. Cory Booker (D-N.J.) said he was disappointed House appropriators last week advanced a fiscal 2016 transportation funding bill with a provision that would keep a suspension of certain mandatory rest periods for truckers.
May 5, 2015GovernmentSafety
FMCSA Mulling Over Whether Exemption Process Is Necessary for Diabetic Drivers
The Federal Motor Carriers Administration has issued a notice of proposed rulemaking under which truck drivers with controlled diabetes would no longer have to apply for medical exemptions.
May 5, 2015GovernmentBusiness
Sen. Claire McCaskill: Lack of Highway Bill ‘Kind of a Joke’
WASHINGTON — Sen. Claire McCaskill on May 5 expressed her disappointment with GOP congressional leaders for not having already unveiled a funding fix for a highway account when transportation funding authority expires at the end of the month.
May 5, 2015