Court Rules Against Port of Long Beach’s Clean Trucks Plan
A federal district court judge has ruled that the Port of Long Beach violated California environmental law when it altered its clean trucks program without first performing a required environmental review, the Long Beach Press-Telegram reported.
July 20, 2011YRC Worldwide Sets 6.9% Rate Increase
YRC Worldwide became the fourth less-than-truckload carrier this month to set a general rate increase of an average 6.9%.
July 20, 2011Existing Home Sales Fall to Seven-Month Low
Existing home sales fell 0.8% in June to a seven-month low, the National Association of Realtors said Wednesday.
July 20, 2011‘Gang of Six’ Favors More Highway Spending
A bipartisan group of U.S. senators wants an additional $133 billion in highway funding through 2021 as part of its $3.7 trillion plan of tax increases and spending cuts, Bloomberg reported.
July 20, 2011Marten’s Second-Quarter Profit Improves
Marten Transport’s second-quarter profit rose 20.1% on improved performance in its truckload and logistics sectors, along with higher fuel surcharge revenue.
July 20, 2011CSX Reports Record Second-Quarter Profit
CSX Corp. late Tuesday reported record second-quarter earnings, as its profit rose to $506 million, or 46 cents per share, from $414 million, or 36 cents, a year ago.
July 19, 2011Heartland’s 2Q Profit Rises 35%
Truckload carrier Heartland Express said its second-quarter profit rose 35.3% from a year ago on higher freight demand, while citing concerns over tight driver availability and rising fuel prices.
July 19, 2011Pa. Commission Endorses $2.7 Billion Transport Plan
A commission appointed by Pennsylvania’s governor has endorsed a plan to raise $2.7 billion annually for transportation by increasing fees, shifting programs to other departments and other cost savings.
July 19, 2011Con-way Freight Sets 6.9% LTL Rate Increase
Following several of its large less-than-truckload competitors, Con-way Freight said it will implement a general rate increase averaging 6.9%, effective Aug. 1.
July 19, 2011Diesel Rises Again, Up 2.4¢ to $3.923; Gasoline Gains 4.1¢ to $3.682
Diesel rose for a second straight week, gaining 2.4 cents to an average $3.923 per gallon, the Department of Energy said Monday.
July 19, 2011