Fenway Partners Acquires Consolidated Fastfrate
Private Equity firm Fenway Partners, New York, N.Y., said Monday it acquired Canadian transportation firm Consolidated Fastfrate.
November 19, 2007Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
Diesel Jumps to $3.425
U.S. diesel fuel prices rose another 12.2 cents last week to $3.425 a gallon, the second consecutive record high and the eighth increase in the past nine weeks, the Department of Energy said.
November 19, 2007Class 8 Truck Sales Drop 53.1% In Oct. on Weak Freight Market
Heavy-duty retail truck sales in the United States fell 53.1% in October, the sixth straight month in which sales fell 50% or more below 2006 levels, according to WardsAuto.com.
November 19, 2007UPS Executive Urges Shippers To Back Taxes for Infrastructure
ATLANTA — UPS Inc.’s incoming chief financial officer told shippers here what freight carriers have long heard: The U.S. transportation network is so clogged — and getting worse — that Congress must create an infrastructure improvement plan and pay for it with dedicated taxes on the system’s users.
November 19, 2007Intermodal Traffic Falls for Week
Rail traffic in the week ended Saturday increased compared with the same week a year ago, but intermodal traffic slipped, the Association of American Railroads said.
November 16, 2007CFI Raises Driver Pay
Contract Freighters Inc., Joplin, Mo., said it will raise pay for all drivers by 1 cent per mile.
November 16, 2007Letters to the Editor: No Parking, Fuel Surcharges, Silent Attack, Driver Surveillance, Ports’ Truck Ban
For almost 30 years, we have had parking areas in mile-zone 262 near Elk Mountain in Wyoming. In 2006, the westbound parking area was removed during road repair. In 2007, the east-bound parking area was removed during road repair. Apparently, Wyoming does not intend to replace these two parking areas.
November 16, 2007Transportation Spending Bill Clears House
The House of Representatives has approved a transportation spending bill that would bar Mexican trucks from operating in the U.S., Bloomberg News reported.
November 15, 2007Appeals Court Strikes Down CAFE Standards for Light Trucks
A federal appeals court ruled that Department of Transportation failed to take into account the value of reducing carbon emissions in setting the rules for 2008-2011 model light trucks and sport utility vehicles, Bloomberg News reported Thursday.
November 15, 2007DOT Transportation Index Slips in September
The Department of Transportation’s freight transportation services index for September fell 1.6% compared with a year ago, DOT said Wednesday.
November 14, 2007