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Government, Business, Safety

Safety & Security Briefs — March 15 - March 21

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March 21, 2007
Business, Government, Safety

Opinion: The Upside of the EOBR Proposal

By John LewisChief Executive OfficerGeoLogic SolutionsThe Federal Motor Carrier Safety Administration’s recently proposed rule mandating the use of electronic onboard recorders for habitual violators of federal hours-of-service regulations has set in motion an industrywide discussion about the plan’

March 21, 2007
Business, Equipment, Autonomous

Eaton Names President of Heavy-Duty Transmission Unit

Truck and auto parts maker Eaton Corp. said Tuesday it named Curt Hutchins president and vice president of its heavy-duty transmission unit, effective April 1.

March 20, 2007
Business, Government, Logistics

Canadian Carriers’ Revenue, Expenses Rise in 4Q

The top 91 Canada-based for-hire motor carriers that earn at least C$25 million annually generated operating revenue of C$2.4 billion and expenses of C$2.3 billion in the fourth quarter, with both figures rising less than 1% from the previous quarter, Statistics Canada reported.

March 20, 2007
Business, Fuel, Logistics, Government

Diesel Falls 0.4 Cent to $2.681; Decline Is First in Seven Weeks

Following six straight weekly increases, the average national price of retail diesel fuel dipped 0.4 cent to $2.681 a gallon, the Department of Energy reported Monday.

March 20, 2007
Business, Government, Safety, Fuel, Autonomous

Volvo’s January-February Truck Sales Drop 13%

Truck maker Volvo AB said its sales for the first two months of the year fell 13%, as U.S. deliveries plunged following new emissions standards that boosted truck prices, Bloomberg reported Tuesday.

March 20, 2007
Business, Safety, Equipment, Autonomous

Navistar Reports Strength in Overseas Markets

Truck and engine maker Navistar International Corp. said Tuesday it saw signs of strength in non-traditional and overseas vehicle markets, despite a 6% downturn in Class 6-8 North American truck and bus shipments in its fiscal first quarter.

March 20, 2007
Business, Government

Housing Starts Climb 9% in February

New housing starts jumped 9% in February, following a slump in January, the Commerce Department reported Tuesday.

March 20, 2007
Business, Government, Safety

US 1 Reports Improved Fourth-Quarter Profit

US 1 Industries’ fourth-quarter income was $1.4 million or 11 cents a share, compared with $600,000 or 5 cents a year earlier.

March 20, 2007
Business, Safety, Government

EGL to Be Sold to CEO, Investor Groups for $1.7 Billion

Transportation firm EGL Inc. said Monday it has signed a definitive merger agreement under which EGL Chairman and Chief Executive Officer James Crane and two investment firms will buy the firm for $38 per share, or about $1.7 billion.

March 19, 2007