CP Rail CEO Says Biggest Crude-by-Rail Fear Is Terrorism
Hunter Harrison, Canadian Pacific Railway’s chief executive officer, said his greatest fear in moving crude by rail is the prospect of a terrorist attack on the company’s trains.
March 3, 2015GAO Says Federal Government Should Study State Permitting Processes to Find Best Practices
The U.S. Government Accountability Office has recommended that the Department of Transportation study states' permitting practices for oversize and overweight truckloads, then pinpoint the best practices and share them.
March 3, 2015Diesel Price Rises for Fourth Week, Up 3.6¢ to $2.936; Gas Jumps 14.1¢
Diesel’s national average pump price rose for a fourth straight week, gaining 3.6 cents to $2.936 a gallon, while gasoline prices jumped more than 14 cents, the Department of Energy reported March 2.
March 3, 2015Navistar Cuts Fiscal 1Q Loss
Navistar International Corp. reduced losses in its fiscal first quarter as the company reported growth in vehicle sales and a continued reduction in warranty costs.
March 3, 2015CRST Buys Pegasus Transportation
CRST International Inc. announced the acquisition of Pegasus Transportation Inc. to continue the expansion of the buyer’s service offerings.
March 3, 2015March 3 Earnings Roundup: TransForce, Accuride, Clean Energy
TransForce Inc. more than tripled fourth-quarter net income, Accuride Corp. reported a fourth-quarter loss but said revenue improved on higher sales and Clean Energy posted a fourth-quarter profit.
March 3, 2015Railroads Struggle to Keep Up With Demands to Move Trucks, SUVs
Railroad companies are struggling to keep up with surging U.S. demand for trucks and sport utility vehicles, frustrating Ford Motor Co. and Toyota Motor Corp. and prompting Warren Buffett to boost investments at his rail unit.
March 3, 2015Teletrac, Navman Wireless Merge
Teletrac Inc. and Navman Wireless, which make GPS-based asset-tracking telematics systems, have merged.
March 3, 2015California Approves DME as a Transportation Fuel
The California Department of Food and Agriculture has approved use of dimethyl ether, or DME, as a transportation fuel.
March 3, 2015USA Truck’s Earnings in 4Q Highlight Firm’s Turnaround
USA Truck Inc.’s strongest quarterly earnings report in nine years helped the company complete a turnaround in 2014 that saw it post its first full year of per-share profits since 2008.
March 2, 2015