Maersk to Sell Drayage Unit Bridge Terminal Transport
Shipping line Maersk Inc. has agreed to sell drayage subsidiary Bridge Terminal Transport to an affiliate of Platinum Equity, a Los Angeles-based private equity firm.
August 8, 2013EPA Sets Final 2013 Renewable Fuel Standards
The U.S. Environmental Protection Agency finalized the 2013 percentage standards for four fuel categories that are part of the Renewable Fuel Standard program established by Congress to reduce carbon climate change.
August 8, 2013Navistar Begins TranStar Production
Navistar Inc. announced Thursday it has launched production of its International TranStar regional-haul Class 8 tractor, the fifth heavy-duty International model to transition to selective catalytic reduction technology since December.
August 8, 2013Port of Baltimore Handles Record Amount of Cargo
The Port of Baltimore said it handled a record amount of cargo in its fiscal year 2013, beating the previous record set last fiscal year.
August 8, 2013XRS Reports Third-Quarter Profit
XRS Corp. on Thursday reported a profit for its fiscal third quarter compared with a loss a year ago.
August 8, 2013Initial Jobless Claims Decline for Month to Lowest Level Since 2007
Initial jobless claims rose by 5,000 last week but fell in the past month to the lowest level since November 2007, the Labor Department reported Thursday.
August 8, 2013Cass Freight Index Declines in July
The Cass Freight Index, which measures shipment activity in trucking and other transport modes, declined 3.1% in July from a year ago.
August 8, 2013FMCSA Clarifies HOS Rule’s Shorthaul Exemption
Truck drivers do not have to take a 30-minute break under federal hours-of-service rules if they meet either of the definitions of a “shorthaul” driver, the Federal Motor Carrier Safety Administration announced.
August 7, 2013Feds Send Electronic Logging Device Rule to White House for Review
Federal regulators sent a proposal to mandate electronic logging devices on all trucks to the White House for its review, the Federal Motor Carrier Safety Administration said in an update of regulatory timelines.
August 7, 2013Patriot Transportation’s 3Q Profit Improves
Patriot Transportation Holding said its fiscal third-quarter profit rose 11.8% from a year ago as its transportation revenue improved.
August 7, 2013