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Opinion: Hurricane Katrina’s Lessons

As we gather in New Orleans for our 2008 Management Conference & Exhibition, it’s hard not to think back to the images of the “Crescent City” in 2005 following Hurricane Katrina. In a matter of hours, New Orleans went from a vibrant tourism destination to a city devastated by flooding.

October 8, 2008

Letters to the Editor: Fed Bailout; Training, Turnover

Do you see anything in “The Bailout Plan” that indicates whether there will be fines and prosecutions for board members, chief executive officers (i.e., the big guys who walk away with millions of dollars per year in bonuses and the people who worked the deals) and the oversight committees who monitor our financial markets?

October 8, 2008

DOT Freight Transport Index Rises

The Department of Transportation’s freight transportation services index rose 1.9% in August from the same month a year ago, DOT said Wednesday.

October 8, 2008

Freight Demand Likely to Decline Into ’09, Analyst Says

Freight demand for U.S. trucking companies is likely to decline as credit stays tight, a Wachovia Corp. economist said at American Trucking Associations’ annual meeting in New Orleans, Bloomberg reported.

October 7, 2008

ATA Says Infrastructure Is Top Priority in Year Ahead

New legislation to boost U.S. infrastructure — roads, highways and bridges — will be American Trucking Associations’ top priority in the coming year,  the Associated Press reported.

October 7, 2008

Ryder to Acquire Canadian Firms with Chinese Operations

Ryder System said it will acquire Transpacific Container Terminal Ltd. and CRSA Logistics Ltd., as well as CRSA’s operations in Hong Kong and Shanghai, China.

October 6, 2008

Goldman Sachs Buys Stake in American Traffic Solutions

Goldman Sachs, which recently announced that it will convert into a federally regulated bank holding company, has purchased a minority stake in closely held American Traffic Solutions, a Scottsdale, Ariz., provider of electronic toll payment and video-based traffic enforcement systems.

October 6, 2008

TransCore Introduces New Transponder To Work With Electronic Toll Systems

TransCore, a provider of radio-frequency identification devices, introduced a new transponder that is compatible with multiple electronic toll-collection systems.

October 6, 2008

Accellos Acquires Prophesy Software

Accellos Inc., Colorado Springs, Colo., a provider of warehousing and logistics management software, said it acquired Prophesy Transportation Software of Bloomfield, Conn., for an undisclosed amount.

October 6, 2008