Former DOT Chief to Congress: Raise Gas Tax 10¢, Index it
WASHINGTON — A way for Congress to ensure long-term funding for the country's highway system would be to approve a 10-cent gas tax increase and index the tax to inflation, former Transportation Secretary Ray LaHood told Transport Topics May 13.
May 13, 2015Best Trucking Accounting Software 2024
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Panel Reports Transportation Funding Bill with HOS Provision to Full House
WASHINGTON — The House Appropriations Committee on May 13 voted 30-21 to send a fiscal 2016 transportation funding bill to the House floor after defeating a Democratic attempt to remove a provision that would add new requirements to a study on an hours of service rule for truckers.
May 13, 2015FedEx Discloses Financing Plans for TNT
FedEx Corp. said it plans to pay for the majority of its $5 billion purchase of Dutch parcel and freight carrier TNT N.V. with the U.S. buyer’s own funds.
May 13, 2015Intermodal Rail Volume Rises as Carloads Drop Almost 8%
U.S. rail intermodal traffic rose 3.8% in the week ended May 9 compared with the same week last year, the Association of American Railroads reported.
May 13, 2015Labor Group Presses Congress to Fund Long-Term Highway Plan, Joins ‘Advocacy Day’
WASHINGTON — To kick off Infrastructure Week’s “advocacy day” on May 13, the president of the Laborers’ International Union of North America called on lawmakers to advance a long-term measure that improves the country’s aging infrastructure.
May 13, 2015ATA-led Coalition Accuses Regulators of Skewing Restart Study
American Trucking Associations and a coalition of more than 100 industry stakeholders have asked members of the House Appropriations Committee to include legislative provisions that would block federal regulators from skewing the results of their hours of service restart study.
May 13, 2015Maersk Line Profit Jumps 57%
Maersk Line, the world’s largest container shipper, reported a 57% jump in first-quarter net operating profit after tax to $714 million, missing the $783 million estimate in a survey conducted by SME Direkt.
May 13, 2015Premier Trailer Leasing Buys Baltimore-Based Vallerie Service Co.
Premier Trailer Leasing said it acquired the assets of Baltimore-based Vallerie Service Co., a provider of trailer and container rental and leasing services with about 1,200 semitrailers and 200 containers.
May 13, 2015Retail Sales Disappoint Again
Sales at U.S. retailers changed little in April, starting the second quarter on a weak note as Americans remained reluctant to splurge.
May 13, 2015Virginia Says P3 Partnerships are Working, and the State Wants More
ARLINGTON, Va. — Virginia celebrated 20 years of public-private partnerships for infrastructure, recommended them to other states and is looking for a P3 arrangement to improve Interstate 66, which runs from Washington, D.C., to the west.
May 12, 2015