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Court Upholds Graves Amendment on Liability

The New York Court of Appeals has upheld the constitutionality of a federal law, known as the Graves Amendment, that bars claims against leasing companies because of actions of equipment lessees.

May 12, 2008

Trimac’s 1Q Earnings Decline

Canada-based transportation firm Trimac Income Fund said its first-quarter net earnings fell to C$600,000, or about 2 cents per unit, from C$1.5 million, or 5 cents, a year ago.

May 13, 2008

Xata Reports Second-Quarter Loss

Transportation software firm Xata Corp. said Monday it lost $1.4 million, or 17 cents a share, in its fiscal second quarter, compared with a loss of $900,000, or 12 cents, a year ago.

May 12, 2008

Calif. Says Mack, VTNA, Cummins Engines Meet NOx Standard, Exempt From Idling Rule

The California Air Resources Board has confirmed to Transport Topics that Mack Trucks Inc., Cummins Inc. and Volvo Trucks North America have received certification that their heavy-duty engines meet California’s nitrogen oxide emission standards, providing users an exemption from the state’s five-minute idling regulation.

May 12, 2008

Diesel Soars 18.2¢ to Record $4.331

Diesel fuel jumped 18.2 cents to a new record Monday, averaging $4.331 a gallon at the pump nationwide, the Department of Energy said.

May 13, 2008

President Bush Declares ‘National Transportation Week’

President Bush declared this week as “National Transportation Week†and Saturday to be “National Defense Transportation Day,†the White House said Friday.

May 12, 2008

Component Manufacturers Expand Overseas

Major suppliers of drivetrain components, brakes and suspension parts are following the lead of truck and engine makers by expanding production and distribution outside North America, while revamping existing operations to lower costs and develop new products.

May 12, 2008

ATA Unveils Sustainability Plan; Backs Truck Fuel-Use Standard

American Trucking Associations launched a major initiative to meet the industry’s growing fuel-price crisis, supporting for the first time national truck fuel-economy standards.

May 12, 2008

Mexico Seeks Nafta Damages

Mexico’s principal trucking group said its members have lost more than $2 billion a year because the United States has refused to allow cross-border trucking as required by the 1993 North American Free Trade Agreement and that it is seeking damages through arbitration.

May 12, 2008

Atlas Air Reports First-Quarter Loss

Air cargo company Atlas Air Worldwide Holdings said Thursday it lost $5.3 million, or 25 cents a share, in the first quarter, compared with a profit of $6.2 million, or 29 cents, a year ago.

May 8, 2008