Transportation businesses face a host of dynamic risk issues that can significantly impact their financial and operational health. The news in this category focuses on the latest safety and security initiatives, resources and regulations and addresses topics that include fleet safety, claims administration, driver hiring and retention, risk management and compliance.
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Trucking faced challenges on all fronts in 2007 as credit woes curtailed economic activity, a federal appeals court overturned key provisions of rules governing driver hours and truck equipment suppliers endured another precipitous — but not unexpected — sales slumpDecember 24, 2007
WASHINGTON — The chairman of the Senate Commerce Committee’s panel on surface transportation called the Federal Motor Carrier Safety Administration’s revised hours-of-service rule “a sham,” while advocacy groups asked a federal court to once again overturn portions of the rule.December 24, 2007
On the heels of YRC Worldwide’s settlement with the Teamsters union on a new five-year labor contract with in-creased work-rule flexibility, ABF Freight System said it will offer an ambitious proposal to spend about $825 million to “withdraw from all of the 27 multi-employer pension plans to which we contribute.”December 24, 2007
President Bush defended the Environmental Protection Agency’s decision to reject California’s plan to regulate greenhouse gas emissions from automobiles, saying that a national strategy toward climate change is more effective than a state-by-state approach, the Los Angeles Times reported.December 20, 2007
Ryder System said Wednesday it will buy the truck leasing business of Lily Transportation Corp., a Northeast regional transportation services company based in Needham, Mass.December 20, 2007