Pension Bill Would Provide Firms More Time to Restore Funds to Underfunded Plans
Carriers with multi-employer pension obligations would get as much as 30 years to restore full funding of currently underfunded plans, under legislation introduced by two members of Congress.
November 10, 2009Missouri Allowing Heavier Trucks Following Rains
Following an unusually rainy fall, the Missouri Department of Transportation is making it easier for farmers to haul their crops to market, the Associated Press reported.
November 10, 2009ArvinMeritor’s 4Q Loss Narrows
Truck components maker ArvinMeritor Inc. said Tuesday its fourth-quarter loss narrowed and the company announced several executive appointments.
November 10, 2009Diesel Slips 0.7¢ to $2.801 a Gallon
Diesel’s national average price fell for the first time in five weeks, dipping 0.7 cent — the same as last week’s increase — to $2.801 a gallon, the Department of Energy reported Monday.
November 10, 2009Opinion: Choosing the Right Freight Forwarder
Choosing the right freight forwarder to support your transportation efforts never has been more critical than during the current crippling recession — which may or may not be abating.
November 10, 2009FedEx to Buy 51 Hybrid Trucks
FedEx Corp. said that its FedEx Express subsidiary will purchase 51 new gasoline-electric hybrid step vans.
November 9, 2009ODFL Sets Improved Service to Canada
Old Dominion Freight Line said it is improving its Northwest gateway into Canada effective Monday, which will connect more than 65 of its service centers to Edmonton and Calgary, Canada.
November 9, 2009Frozen Food Express Cites 3Q Loss
Refrigerated carrier Frozen Food Express Industries lost $2.6 million, or 15 cents a share, in the third quarter, compared with net income of $1.4 million, or 8 cents, a year ago.
November 9, 2009TT Logistics 50: Firms Seek Ways to Cut Costs to Cope With Revenue Drop in 2009
Logistics service providers are adjusting as the global economic downturn has caused many companies to curtail production and reduce inventories, stalling the longtime trend of expanding international trade, thereby reducing demand for transportation services in North America.
November 9, 2009Navistar Opposes Request by EPA to Delay Lawsuit
Navistar Inc. last week opposed the U.S. Environmental Protection Agency’s request to stop action on the truck maker’s lawsuit against the agency, which said it needed time to review its guidance on 2010 emissions regulation.
November 9, 2009