The Federal Reserve’s rate cut this week helped transportation industry stocks, as the broader economy needed a boost to help soften the slowdown that is projected to last through the first half of 2008, according to American Trucking Associations’ Chief Economist Bob Costello.
September 19, 2007Search
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Knight Issues 3Q Earnings Warning
Truckload carrier Knight Transportation said its third-quarter earnings would be below analysts’ predictions, citing an industrywide decline in freight tonnage and excess truckload capacity.
September 19, 2007Letters to the Editor: Border Dissent, HOS, Defensive Driving
I would like to urge everyone reading this letter to contact their local representatives and ask them not to pass the law allowing Mexican carriers full, direct access to U.S. roadways and customers.
September 19, 2007Sleep Apnea Program Cuts Costs for Health Care, Schneider Says
Truckload carrier Schneider National said a sleep apnea screening and treatment program managed by an outside vendor has improved safety and driver productivity while lowering health-care costs.
September 19, 2007Report Cites Congestion Problems Nationwide
Drivers waste nearly an entire work week each year sitting in traffic on the way to and from their jobs, according to a national study released Tuesday, the Associated Press reported.
September 18, 20072Q Driver Turnover Rate Drops
Driver turnover rates for large truckload carriers fell for the first time in a year in the second quarter, American Trucking Associations said Tuesday.
September 18, 2007TransForce Signs Deal to Purchase Courier
Canadian transportation and logistics firm TransForce Income Fund said it had signed a definitive agreement to buy Century II Holdings, which owns courier company Information Communication Services.
September 17, 2007GAO Faults FMCSA on Trucking Fines
Trucking regulators do not always use the maximum fines on trucking companies found with serious safety violations, according to the Government Accountability Office, Bloomberg reported.
September 17, 2007Diesel Price Gains 3.1¢ to $2.924
The national average price of diesel fuel hit its highest level in more than a year last week following a 3.1-cent increase to $2.924 a gallon, while crude oil closed at more than $80 a barrel for the first time.
September 17, 2007Senate Blocks Funds for Mexican Truck Pilot Plan
The Senate last week stripped funding for the Transportation Department’s cross-border trucking program from DOT’s budget just days after the first Mexican truck was allowed to deliver freight to a destination in the United States.
September 17, 2007