Less-than-truckload carrier YRC Worldwide plans to ask for $1 billion in federal bailout money to help relieve its pension obligations, the Wall Street Journal reported Friday.
May 15, 2009Transportation Compliance News
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow what’s happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
EPA’s Record Budget Plan Spurs Debate in Congress Over Carbon Emissions
Details of the Environmental Protection Agency’s record $10.5 billion fiscal 2010 budget proposal — a 37% increase — quickly set off a partisan debate in Congress last week over the agency’s plans to regulate greenhouse gas emissions.
May 18, 2009Gasoline Price Soars 16.2¢
The average price of retail gasoline soared last week, jumping 16.2 cents a gallon to a U.S. average of $2.24, leapfrogging diesel, which rose 3.1 cents to $2.216. Gasoline prices exceeded diesel for the first time in nearly two years.
May 18, 2009Intermodal Freight Volume Falls 16% in First Quarter
Intermodal freight volume declined 16% in the first quarter of 2009 from a year earlier, in part because of stiffer truck competition for trailer shipments, the Intermodal Association of North America reported.
May 18, 2009Congress Seen Taking Lead On Transport Policy, Not DOT
The debate over future surface transportation policy is likely to be directed by Congress, rather than the Obama administration, several industry lobbyists said following the recent release of nu-merous documents.
May 18, 2009Volvo Backs Use of Longer, Heavier Trucks
BOSTON — Volvo Trucks joined the argument over allowing longer, heavier trucks on U.S. highways, saying Congress should allow them on the interstate system to relieve congestion, increase productivity, conserve fuel and cut greenhouse gas emissions.
May 18, 2009YRC in Talks With Lenders
YRC Worldwide Inc. said last week it was talking with lenders about a possible third renegotiation of its credit agreement, and that it had deferred almost $40 million in pension-fund payments.
May 18, 2009Consumer Confidence Highest Since September
U.S. consumer confidence has improved to the highest level since September, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
May 15, 2009YRC to Apply for Bailout Funds, Journal Says
April Consumer Price Index Unchanged
The consumer price index was unchanged in April, though prices excluding food and fuel rose, the Labor Department said Friday.
May 15, 2009New York Manufacturing Index Improves
Manufacturing activity in the New York region contracted the least since August this month, the Federal Reserve Bank of New York said Friday.
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