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.
PHMSA Says It Will Issue Wetlines Rule Covering Both New, Existing Tank Trailers
The Pipeline and Hazardous Materials Safety Administration said it would issue a new regulation early next year that will prohibit the transportation of flammable liquids in unprotected product piping on both existing and newly manufactured cargo tank trucks.
October 26, 2009ATA, Long Beach Settle Port Suit
The Port of Long Beach and American Trucking Associations last week reached an out-of-court settlement of ATA’s federal lawsuit challenging portions of the port’s Clean Trucks Plan. The agreement will simplify the registration process for carriers moving containers at the port.
October 26, 2009Diesel Soars 10.5¢ to $2.705
The average U.S. price of diesel jumped more than 10 cents a gallon and gasoline rose nearly as much last week, while petroleum closed above $81 a barrel on national commodities markets for the first time in more than a year.
October 26, 2009TransForce Reports Lower 3Q Income
Canadian transportation and logistics firm TransForce Inc. said its third-quarter net income fell to C$17 million, or 19 cents a share, from C$26.5 million, or 31 cents, a year ago.
October 23, 2009Volvo Reports Fourth Straight Loss
Volvo AB said Friday it lost $427 million, or 21 cents a share in the third quarter, less than analysts’ estimates, as labor reductions showed savings faster than anticipated, Bloomberg reported.
October 23, 2009Universal Truckload Services’ Income Drops
Universal Truckload Services said its third-quarter net income plunged 68.6% to $1.7 million, or 11 cents per share, from $5.4 million, 34 cents, a year ago.
October 22, 2009Leading Economic Indicators Rise for Sixth Month
An index of leading economic indicators rose 1% in September, marking the sixth straight increase, the New York-based Conference Board said Thursday.
October 22, 2009Caterpillar Announces Next CEO
Heavy equipment manufacturer Caterpillar Inc. said Thursday that Douglas Oberhelman will become its chief executive officer in July 2010.
October 22, 2009Knight’s 3Q Income Declines
Truckload carrier Knight Transportation’s third-quarter profit fell to $13.1 million, or 16 cents a share, compared with $16 million, or 19 cents, a year ago.
October 21, 2009Forward Air’s 3Q Income Declines
Forward Air Corp. said late Wednesday its third-quarter profit fell to $3.8 million, or 13 cents per share, from $12.1 million, or 42 cents, a year ago.
October 21, 2009