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FRP Board Approves Spinoff of Trucking Unit

FRP Holdings Inc., which owns real estate and trucking businesses, said its board has approved the spinoff of the trucking operation to be known as New Patriot.

December 31, 2014

Truck-Crash Deaths Inch Up

Highway fatalities from truck-involved crashes on U.S. roads rose by 0.5% in 2013, while injuries declined to 95,000 from 104,000, the National Highway Traffic Safety Administration reported.

January 5, 2015

House Democratic Leaders Want Keystone Vetted in Committee, Not on Floor

The incoming ranking Democrats on three House committees with jurisdiction over Keystone XL pipeline bills have asked Speaker John Boehner (R-Ohio) not to bypass the committee process by going straight to the floor for a vote on what they called an issue of such magnitude.

December 31, 2014

Gas Tax 'Off the Table' as Highway Funding Option, Shuster Says

House Transportation Committee Chairman Bill Shuster (R-Pa.) has ruled out higher fuel taxes or taxing miles traveled to pay for transportation, an announcement that narrows the options for a new road funding bill in 2015.

December 30, 2014

Collins Defends Change to Restart Requirements

Federal data shows that the accident rate for trucks is higher during morning peak traffic, one of the reasons the 34-hour restart requirement in the federal hours-of-service rule was suspended pending further study, Sen. Susan Collins (R-Maine) said in an op-ed column for the Bangor Daily News.

December 29, 2014

Not Enough Data to Project Mexican Drivers as Safe For Longhaul, Report Concludes

The pilot program that allowed Mexican trucks to run in the United States for three years didn’t yield enough results to determine the program’s worthiness, said a report from the Inspector General within the U.S. Department of Transportation.

December 29, 2014

U.S. Attorneys Crack Down on Brokerage Schemes in Illinois, New York

The U.S. departments of Transportation and Justice announced two legal actions aimed at bogus freight brokers operating improperly: a guilty plea in Illinois and an indictment in New York.

December 29, 2014

Obama Signs Nat Gas Tax-Extenders Legislation

President Barack Obama has signed into law a bill that will allow fleets that purchase new trucks or use natural gas to reap large tax credits.

December 29, 2014

Economy Grows by Most in a Decade on Consumer-Spending Gain

The world’s largest economy surged in the third quarter, expanding at the fastest pace in more than a decade, as U.S. consumers and businesses spent more than previously estimated.

December 23, 2014

Commercial Vehicle Demand Softens in China, ACT Reports

The pace of China’s economy tapered in the third quarter, leading to a slower rate of growth in truck demand, according to the most recent quarterly China Commercial Vehicle Outlook, published jointly by ACT Research Co. and China’s State Information Center.

December 22, 2014