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.
Crude oil fell $7 to below $95 a barrel in early trading Monday, a seven-month low, as Gulf of Mexico refineries escaped major damage from Hurricane Ike over the weekend, Bloomberg reported Monday.September 15, 2008
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A federal judge last week denied American Trucking Associations’ request for a preliminary injunction against controversial portions of emission-reduction programs at the California ports of Los Angeles and Long Beach.September 15, 2008
Astronomic fuel prices are only part of the economic drag on trucking these days. Add the growing length of time on accounts receivables, more customer bankruptcies and the tightening of credit by suppliers and lenders, and it’s easy to see how carriers’ cash flow has ebbed.September 15, 2008
Oil refineries on the Gulf Coast in Texas and Louisiana shut down operations Friday as Hurricane Ike prepared to come ashore overnight near Houston in what could be the biggest hurricane to hit Texas in 50 years, news services reported.September 11, 2008
Letters to the Editor: Mexico Border Pilot, Driver Appreciation, Outsourcing Overseas, Slow-Pay Blues
If the Chinese are going to make all the goods, the Arabs supply all the oil and the Mexicans do all the transportation, what are we going to do? This sounds very much like the fall of the Roman Empire in past history.September 11, 2008
The Department of Transportation’s freight transportation services index jumped 4.1% in July from a year ago, the largest July-over-July gain in four years.September 10, 2008
The House voted 395-18 late Tuesday to halt the Department of Transportation’s year-old program to allow Mexican trucks free access to U.S. roads.September 10, 2008
Trucking-related highway fatalities fell again last year, to their lowest level in 15 years, according to data from the Department of Transportation.September 10, 2008
DHL Express Global Chief Executive Officer John Mullen told a House panel Tuesday that the company’s proposed deal to let UPS Inc. handle its North American air services was necessary for the company “to remain a viable competitor in the U.S. market.”September 9, 2008
A federal judge tentatively denied American Trucking Associations’ request for an injunction that would delay the start of concessionaire programs for drayage drivers at the Ports of Los Angeles and Long Beach.September 9, 2008