Intermodal rail traffic fell 23.7% last week compared with the same week last year, the Association of American Railroads said.
July 17, 2009Search
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10% Cut in Truck Traffic Called ‘Almost Ludicrous’
The idea of removing 10% of truck traffic from the nation’s highways by 2020 to reduce carbon emissions is “almost ludicrous,†Ray Kuntz, former chairman of American Trucking Associations, told a Senate committee last week.
July 20, 2009YRC Deal With Teamsters Expected to Save $870 Million
YRC Worldwide’s latest cost-cutting agreement with the Teamsters is expected to save $870 million over 18 months and help the company regain its financial footing, analysts and company officials said.
July 20, 2009Maersk Chassis Fee Would Raise Costs, Truckers Warn
Drayage truckers blasted world’s largest ocean carrier Maersk Line’s plan to begin charging a chassis-use fee, saying it would raise costs and complicate operations.
July 20, 2009J.B. Hunt’s Profit Drops 52% in 2nd Quarter
J.B. Hunt Transport Services Inc. said its second-quarter profit fell 52%, hurt by mounting pressure on prices and weak demand, as the latest round of quarterly financial reports by public carriers began to roll in last week.
July 20, 2009Senate Panel Approves Extension of Existing Highway Legislation
WASHINGTON — The Senate Environment and Public Works Committee approved an 18-month extension of existing highway legislation even as House leaders continued to oppose a delay in passing a new multiyear transportation funding bill.
July 20, 2009Diesel Drops 5.2¢ to $2.542
The average cost of retail diesel in the United States dropped 5.2 cents a gallon last week to $2.542, the third consecutive decline and a level nearly 50% below the record highs of a year ago.
July 20, 2009Letters: Early Safety Adopted; Reregulation
Any trucking company that takes the leadership position in safety and in clean air is to be commended. But doing so through high-tech safety and Environmental Protection Agency ventures makes the outcome risky.
July 20, 2009I-75 Stretch Closed Near Detroit Following Accident
A two-mile stretch of Interstate 75 is “indefinitely closed†in both directions near Detroit following a large but non-fatal accident involving a tanker truck Wednesday night, the Associated Press reported.
July 16, 2009Landstar’s 2Q Income Declines
Truckload carrier Landstar System said late Wednesday its second-quarter net income fell to $17.9 million, or 35 cents a share, from $29.8 million, or 56 cents, a year ago.
July 16, 2009