Government
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow what’s happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
Trucking: Don’t Include CBs in Laws Banning Cellphones
Trucking executives said efforts to ban the use of cellular phones from the nation’s highways would receive industry support as long as state laws do not also ban two-way radios and satellite communication devices.
FedEx to Upgrade Retirement Plans for Most Employees
FedEx Corp. said Tuesday it has set new measures aimed at modernizing the retirement plans for most of its employees, including enhancing its 401(k) plans.
February 27, 2007January Truck Tonnage Index Declines 3.6%, ATA Says
American Trucking Associations’ advanced seasonally adjusted truck tonnage index fell 3.6% in January following an increase in December, ATA said Tuesday.
February 27, 2007Diesel Price Jumps 6 Cents to $2.551 in Fourth Straight Gain
Retail diesel fuel’s national average price rose for a fourth straight week, jumping 6 cents to $2.551 a gallon, the Department of Energy said Monday.
February 27, 2007Quality Distribution’s 4Q Income Flat; Full-Year Improves
Tank truck carrier Quality Distribution’s fourth-quarter profit was $6.2 million or 31 cents a share, compared with $6.2 million or 32 cents for the previous fourth quarter.
February 27, 2007Durable Goods Orders Drop 7.8% in January
Durable goods orders posted their biggest decline in three months, falling 7.8% in January, the Commerce Department reported Tuesday.
February 27, 2007Consumer Confidence Rises to Five-Year High
Consumer confidence reached the highest level in five years, the New York-based Conference Board said Tuesday.
February 27, 2007Rail Freight Slowing in First Quarter, Analyst Says
Union Pacific Railroad has laid off 124 people and cut back hours for 455 more because of lower freight demand, the Associated Press reported, and a market analysis firm Monday lowered its market outlook for the rail sector.
February 26, 2007TransForce Reports Gains in 4Q Income, Revenue
Canadian transportation firm TransForce Income Fund said Monday it earned C$55.1 million or 64 cents a share in the fourth quarter, up from C$35.9 million or 47 cents a year earlier.
February 26, 2007Gasoline Prices Jump 12.8 Cents, Lundberg Survey Says
Gasoline prices jumped almost 13 cents a gallon nationwide in the past two weeks, as the price of crude oil rose, according to the latest Lundberg Survey of filling stations, released Sunday.
February 26, 2007