FedEx Corp. said Thursday that its second-quarter profit fell to $479 million or $1.54 a share, down from $511 million or $1.64 a year earlier.
December 20, 2007Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
YRC Buying Chinese LTL Firm
Less-than-truckload carrier YRC Worldwide said late Thursday its logistics unit will pay as much as $75 million to buy a Chinese LTL firm.
December 20, 2007Bush Backs EPA on California Waiver Denial
President Bush defended the Environmental Protection Agency’s decision to reject California’s plan to regulate greenhouse gas emissions from automobiles, saying that a national strategy toward climate change is more effective than a state-by-state approach, the Los Angeles Times reported.
December 20, 2007DOT Seeks Technology to Improve Safety, Reduce Congestion
The Department of Transportation said Tuesday it is asking private industry, research organizations, and state and local governments for commercially available technology to fight congestion and improve the safety within the U.S. transportation system.
December 19, 2007ATA Testifies in Support of Hours-of-Service Rule
American Trucking Associations testified Wednesday before a Senate subcommittee in support of the Federal Motor Carrier Safety Administration’s hours-of-service rule, but two groups opposing the regulation challenged the agency.
December 19, 2007UPS Contract with Teamsters Ratified
UPS Inc. said late Wednesday that the Teamsters union notified the company that the union has certified approved and ratified a new contract covering about 240,000 UPS employees.
December 20, 2007Final Rule on EOBRs Expected in New Year, FMCSA’s Hill Says
The Federal Motor Carrier Safety Administration will publish its final rule on electronic onboard recorders during 2008, Administrator John Hill said.
December 19, 2007Editorial: Reaffirming the HOS Rules
Kudos to the Federal Motor Carrier Safety Administration for reaffirming its new hours-of-service rules for commercial drivers and removing much of the uncertainty that has hung over these rules since the recent court action vacating portions of it.
December 19, 2007Some NYC Tolls to Rise
Tolls will rise on some New York City bridges and tunnels next year after the city’s mass-transit agency approved an increase, Bloomberg reported Wednesday.
December 19, 2007Navistar Sued By Institutional Investors
Navistar International Corp. has been sued by institutional investors who claim the company issued misleading financial statements for 2003 and 2004, Bloomberg reported Tuesday.
December 18, 2007