A.M. Executive Briefing - Nov. 7
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Supreme Court to Hear Arguments on Clean-Air Compliance Costs
The nation's highest court will hear arguments Tuesday on the issue of clean-air compliance costs, the Associated Press reports.
Industry groups, including the American Trucking Associations and the U.S. Chamber of Commerce, are asking the Supreme Court to rule that the Environmental Protection Agency must consider compliance costs in setting air-quality limits such as harmful emissions standards, the story said.
Industry has complained that cost-benefit analysis is not used in setting health standards, such as the one at issue on particulate matter. However, cost-benefit is used later - in setting requirements to comply with those standards, a point emphasized in a report Tuesday on National Public Radio's "Morning Edition."
The high court is expected to make a ruling by July. Transport Topics
Diesel Prices Decline Nationwide
The national average diesel price dropped 1.9 cents from last week to $1.610 per gallon, the U.S. Department of Energy reports. Prices also dropped in all the regions, continuing their retreat from record highs in mid-October.The Gulf Coast had the lowest price of $1.548, followed by Lower Atlantic with $1.557. Prices dropped by 2 cents or more in most areas. California had the highest price of $1.891, a 1.8 cent drop from last week's $1.909. Transport Topics
Expeditors Posts 44% Increase in 3Q Earnings
Expeditors International (EXPD) said Tuesday it earned a record 47 cents per diluted share in the third quarter, up 44% from a year earlier. The Seattle-based logistics firm is a third-party freight handler whose services include air and ocean freight forwarding, vendor consolidation, customs clearance, marine insurance and distribution. Transport TopicsLazer Transportation Boosts Spanish Effort
Lazer Transportation Services, a division of F.X. Coughlin Co., is intensifying efforts in Spain, with partner ACS Autonomous Cargo Systems, a freight forwarding and customs house brokerage.Tony Diz, market development manager for the new North America-Spain Trade Region Service Group will work from Lazar offices at JFK Airport in New York.
The group is aiming at shoe and textile manufacturers in Spain. Lazar's collapsible garment-shipping container program and the company's other services developed for the North American fashion industry will be emphasized.
New York-based Lazer Transportation Services, and its Trade Region Service Groups, provide manufacturers with transportation, customs house brokerage services and packaging solutions. Transport Topics
RailAmerica Wants to Sell Trailer Maker Kalyn/Siebert
RailAmerica (RAIL), which hauls cargo freight, wants to sell its specialty truck trailer manufacturing business, Forbes.com reported Nov. 3.The Boca Raton, Fla., company is becoming both leaner and larger, Forbes said, despite the fact that its stock is only trading at around $7. In October, RailAmerica signed letters of intent to sell three rail lines to undisclosed buyers, Forbes said, noting that it has sold off about 600 miles of track throughout the United States for about $30 million.
The final and largest sale item will be Kalyn/Siebert, its specialty truck trailer manufacturing business, which Art Hatfield, an analyst at Morgan Keegan and Co., told Forbes could fetch up to $50 million.
With production facilities located in Gatesville, Texas and Trois Rivieres, Quebec, Kalyn Siebert's products are marketed to the construction, trucking, waste, railroad, oil, recovery and heavy-haul industries. It also sells to the military and other federal and local government entities. Transport Topics
Daylight Transport's Steve Caddy Becomes Operations VP
Daylight Transport has promoted a sales and marketing executive to senior vice president of operations.Steve Caddy will work to integrate all aspects of Daylight's expedited freight movement within the United States and Canada, and boost efficiency.
He will oversee all of Daylight's operational aspects including agent relations, terminal operations, operations planning, and linehaul - less than truckload and truckload - as well as continue directing the activities of the revenue management group.
The privately owned Daylight is headquartered in Long Beach, Calif., and offers logistics as well as expedited LTL and truckload services. Transport Topics
Satellite Firm Rolls Out Cellular Modem for Truckers
C-COM Satellite Systems Inc., which develops satellite-based technology that allows the delivery of high-speed Internet services to mobile users, said Tuesday it has launched TurboCell, a cellular modem designed to deliver high-speed digital data connections using existing cellular infrastructure.C-COM signed a C$1 million exclusive reseller agreement with Warp9 Communication to distribute TurboCell in North America, the company said.
Among the potential users for this product are truck drivers and trucking companies utilizing mobile Internet services, C-COM said. Transport Topics
Headlines From Yesterday's P.M. Briefing
- Wisconsin Central Explores Sale Options
- Montreal Strikers Defy Back-to-Work Order
- Railroads Taking on Trucking for Fresh Produce
- XTRA 4Q Earnings Up
- Trailmobile Canada President Resigns
- Averitt Express Opens New Service Center in Richmond, VA
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