Safety
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.
FMCSA Seeks $528 Million to Boost Safety, Enforcement
In addition to providing billions of dollars for congestion relief, the Department of Transportation’s $67 billion fiscal 2008 budget proposal included millions of dollars for commercial vehicle safety.
Opinion: Trucking Braces for Hours-of-Service Decision
In May 2000, the Federal Motor Carrier Safety Administration issued a number of proposed changes to the existing hours-of-service rules — rules which, until this point, had remained virtually unchanged for 60 years.
February 14, 2007Winter Storm Causes Havoc From Midwest to East Coast
A winter blast of snow, freezing rain and frigid temperatures created headaches for travelers across the Midwest Tuesday, pushing cars and tractor-trailer rigs off highways, the Associated Press reported.
February 13, 2007Forward Air Reports Flat Fourth-Quarter Profit
Forward Air Corp., a contractor to the air cargo industry, reported its fourth-quarter net income matched the previous year’s, at $12.2 million, while earnings per share climbed to 40 cents a share from 38 cents.
February 13, 2007Expeditors International Reports Lower 4Q Profit
Logistics firm Expeditors International of Washington on Tuesday said its fourth-quarter profits fell to $62.6 million or 28 cents a share, down from $74.3 million or 34 cents a year ago.
February 13, 2007Wisconsin Gov. Wants Oil Tax to Fund Transportation Needs
Wisconsin Gov. Jim Doyle (D) has proposed a new tax on oil companies to help raise needed funds for the state’s transportation projects, the Associated Press reported Tuesday.
February 13, 2007Hub Group’s Fourth-Quarter, Full-Year Earnings Rise
Third-party logistics provider Hub Group said late Monday it earned $13.5 million or 34 cents a share in the fourth quarter, up from $10.1 million or 25 cents a share for the same quarter a year earlier.
February 12, 2007Ryder to Boost Dividend 3 Cents to 21 Cents a Share in March
Ryder System said Monday its board approved a 3-cent increase in its dividend, boosting the payout to 21 cents a share.
February 12, 2007Technology Briefs — Feb. 6 - Feb. 12
UniGroup Chooses TMW for Cellphone Communications • Corning Sees Growth in Diesel-Filters Unit • Xata’s First-Quarter Loss Narrows • Intermec Postpones 4Q Earnings Release
February 12, 2007TMC Group Says Onboard Recorder Rule May Be Costly
TAMPA, Fla. — A Technology & Maintenance Council task force said several provisions of the proposed federal requirement for electronic onboard recorders need clarification, and the rule’s required data-display equipment could be a costly and ineffective expense for trucking companies.
