Diesel and gasoline prices both jumped Monday, with diesel rising 7.5 cents to $2.625 a gallon and gas gaining 9 cents to $2.647, the Department of Energy said.
August 11, 2009Search
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Ex-FBI Agent Reportedly Will Head TSA
The Obama administration plans to nominate former FBI agent Erroll Southers to head the Transportation Security Administration, the Associated Press reported.
August 10, 2009Letters: Perception vs. Reality, Containers, Road Fund Cash
Three different articles in your July 20 publication underline the huge disconnect between current policymakers’ perception and the realities of our industry.
August 10, 2009Opinion: Trucking and Lease Accounting Changes
The Financial Accounting Standards Board and its sister organization are working jointly on reviewing changes to the current U.S. Financial Accounting Standards 13 and International Accounting Standards 17 for leasing.
August 7, 2009Teamsters Approve YRC Pay, Pension Cuts
Less-than-truckload carrier YRC Worldwide’s Teamsters union members have approved a 5% wage cut and agreed to allow the company to forego pension plan contributions for the next 18 months.
August 10, 2009Flying J, Pilot Merger Plan Faces Antitrust Review
After clearing its first legal hurdle in U.S. bankruptcy court, the proposed merger between truck stop operators Flying J Inc. and Pilot Travel Centers is about to undergo a federal antitrust review.
August 10, 2009ArvinMeritor Posts $162 Million Quarterly Loss
Manufacturer ArvinMeritor Inc. said it lost $162 million in the April-to-June quarter, while also announcing last week it has found a buyer for its light-vehicle wheels business and has stepped up its marketing effort for truck disc and drum brakes ahead of the government’s new truck stopping-distance rule.
August 10, 2009Senate Panel Approves Measure Boosting Truck Weights in Maine
Several measures affecting trucking advanced in Congress recently as a key Senate committee ap-proved a bill to allow trucks weighing more than the federal limit on Interstate 95 in Maine, and a bill providing tax incentives for idle-reducing units was introduced in the House of Representatives.
August 10, 2009Maersk Starts Chassis Fee at N.Y.-New Jersey Port
Maersk Line’s chassis rental fee went into effect at the Port of New York and New Jersey on Aug. 3, and although there were not any freight disruptions, the head of a trade group for drayage haulers said that the rollout could have gone smoother.
August 10, 2009States Pay for Transportation Costs with Newer Bonding, Loan Programs
Faced with capacity and maintenance limitations and inadequate revenues, states are taking advantage of newer bonding and federally guaranteed loan programs to help underwrite transportation costs, according to a new report.
August 10, 2009