Safety
Transportation businesses face a host of dynamic risk issues that can significantly impact their financial and operational health. The news in this category focuses on the latest safety and security initiatives, resources and regulations and addresses topics that include fleet safety, claims administration, driver hiring and retention, risk management and compliance.
Interpool Reports Higher Profit for 2006
Interpool Inc., a maker of shipping containers and chassis for intermodal container transportation, reported its 2006 net income rose, in part due to the sale of its container operating lease fleet.
March 12, 2007EPA Proposes Emission Cuts for Train and Marine Engines
The Environmental Protection Agency has proposed for the first time sharp cuts in exhaust emissions from railroad locomotive and marine engines in a plan a spokesman said would “follow exactly the same pattern” as environmental regulations for truck engines.
DOT Issues Daylight-Saving Time Reminder
The Department of Transportation issued a reminder that starting in 2007, daylight-saving time will begin three weeks earlier, starting this weekend.
March 9, 2007Trimac’s 4Q Income Dips; Full Year Improves
Canada-based transportation firm Trimac Income Fund earned C$3.1 million or 8 cents per unit in the fourth quarter, down from C$5.7 million or 13 cents a year earlier.
March 9, 2007Class 8 Fleet Size Grows 5.2% in 2006 as Carriers Stock Up
The number of heavy-duty trucks in use in the United States increased 5.2% to 3.51 million Class 8 commercial vehicles last year, as fleet owners stocked up on new trucks and kept more old vehicles in service, market research firm R.L. Polk & Co. said.
DOT: Border Plan to Involve Fewer Than 1,000 Mexican Trucks
Transportation Secretary Mary Peters told a congressional panel Thursday that DOT expects the pilot program involving allowing trucks from Mexico to U.S. roads will involve fewer than 1,000 trucks.
March 8, 2007Intermodal Traffic Climbs 8.6% for Week
Rail intermodal levels rose 8.6% last week but carload traffic continued a downward trend in falling 5%, the Association of American Railroads said Thursday.
March 8, 2007ATA Pushes for Flexibility in HOS Sleeper-Berth Provisions
Truck drivers need greater flexibility within federal driver work and rest rules to allow them to select sleep times and duration based on individual need, according to a study released jointly by American Trucking Associations and a sleep research firm.
March 8, 2007Mullen’s 4Q Income Declines; Full-Year Results Improve
Canadian transportation firm Mullen Group Income Fund reported its fourth-quarter profit fell to C$14 million or 17 cents per share, from C$24.7 million or 52 cents a year earlier.
March 7, 2007Richard Bailey Named President of Boyd Bros. Transportation
Richard Bailey was promoted to president of flatbed truckload carrier Boyd Bros. Transportation Co., the company said.
March 7, 2007