Wood Creek Buys Trailer Lessor Milestone Equipment
Private equity firm Wood Creek Capital Management has acquired trailer leasing firm Milestone Equipment Holdings from Blackstone Tactical Opportunities. Terms were not disclosed.
March 6, 2015Trucking Adds 2,600 Jobs; Unemployment Rate Falls to 5.5%
Trucking added 2,600 jobs in February as the U.S. unemployment rate fell to 5.5%, the Labor Department reported.
March 6, 2015Senate Bill Would Delay Positive Train Control For Five Years
U.S. Senator Roy Blunt (R-Mo.) has introduced a bill that would delay the implementation of positive train control systems for American railroads until 2020.
March 6, 2015Oil Train Derails in Illinois
A BNSF Railway Co. train carrying 103 cars of crude oil derailed in rural Illinois March 5 and U.S. regulators said a fire had broken out. There were no reports of injuries.
March 6, 2015Goodyear Demonstrates Fuel Max Tire Line (With Photos)
SAN ANGELO, Texas — The Goodyear Tire & Rubber Co. is out to prove that its engineering research and product development efforts can lead to financial savings for truck fleet customers, company managers said here as part of their marketing campaign.
March 5, 2015Supreme Court Reverses Railroads' Appeals Court Win
The U.S. Supreme Court reversed a ruling that offered railroads the prospect of a multimillion-dollar victory in a dispute over the different fuel taxes the states impose on trains, trucks and cargo ships.
March 4, 2015Sen. Cory Booker Looks to Undo Suspended HOS Rule 'As Soon As Possible'
WASHINGTON — New Jersey Democrat Cory Booker plans to restore a recently suspended hours-of-service rule under review by the Federal Motor Carrier Safety Administration, the senator told Transport Topics after a Senate hearing March 4.
March 4, 2015Economy Continues to Expand, But Truck Drivers Remain Scarce, Fed Says
The economy continued to expand across most of the country from early January to mid-February, but regions reported difficulty in filling openings for truck drivers, the Federal Reserve said.
March 4, 2015Intermodal Rail Traffic Drops in February Due to Problems at West Coast Ports
Intermodal rail traffic declined 6.5% in February from the same month last year as problems at West Coast ports and bad weather impacted traffic, the Association of American Railroads said.
March 4, 2015Chamber of Commerce Executives Press Congress On Transportation Bill
Two hundred fifty Chamber of Commerce executives from across the country wrote to Congress asking it to address the near insolvency of the Highway Trust Fund by passing a long-term transportation bill.
March 4, 2015