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.
Wholesale Inventories Unexpectedly Drop in December
Wholesale inventories fell 0.5% in December, the most since May 2003, as sales surged, the Commerce Department reported Thursday.
February 8, 2007P.A.M. Reports Flat 4Q; Income, Revenue Rise for Year
Truckload carrier P.A.M. Transportation Services said Wednesday it earned $4.3 million or 41 cents a share for the fourth quarter, the same as its previous fourth quarter earnings.
February 7, 2007CSX Plans $8 Mln. Upgrade of Charlotte, N.C., Intermodal Terminal
Eastern freight railroad CSX Corp.’s intermodal unit plans to invest about $8 million to expand its Charlotte, N.C., terminal, the company said Wednesday.
February 7, 2007Company Withdraws from $1.2 Billion Buyout Plan of EGL
Transportation and logistics firm EGL Inc. said Wednesday that the private firm set to buy the bulk of EGL’s stock and take the company private pulled out of the $1.2 billion deal, citing concerns about EGL’s impending 2006 earnings report.
February 7, 2007Truckers Seen Supportive of SoCal Ports’ OffPeak Program
A growing number of truckers report higher earnings since the ports of Long Beach and Los Angeles instituted their OffPeak program July 2005, the program’s sponsors said.
February 7, 2007Fourth-Quarter Productivity Rises 3%
U.S. productivity rose 3% in the fourth quarter, following a 0.1% decline in the third quarter, the Labor Department said Wednesday.
February 7, 2007Some Electronic Onboard Recorder Makers Applaud Mandate
Manufacturers of electronic onboard recorders had differing views of the federal government’s proposal to require recorders for some motor carriers, with some saying the government was treating EOBRs punitively and others hailing the move as an important safety development.
DOE Lowers 2007 Diesel Price Forecast to $2.59 a Gallon
Diesel prices will average $2.59 this year, down from $2.705 last year and 7 cents below an earlier forecast, the Department of Energy said Tuesday.
February 6, 2007Bush Proposes Boost in DOT Spending for FY ’08
President Bush’s proposed budget for fiscal year 2008 asks Congress for a 10% increase in transportation spending to $63.7 billion, Bloomberg reported Tuesday.
February 6, 2007Continued Cold Weather Causing Problems on Roads
Continued frigid temperatures across the Plains states, Midwest and East Coast are causing problems and hazards on roadways, and snow was forecast in some regions of the Midwest for Tuesday, news services reported.
February 6, 2007