Peters Urges Congress to Back Mexican Trucks Program
Transportation Secretary Mary Peters said Monday that Congress should not halt efforts of a cross-border trucking program between the United States and Mexico.
March 10, 2008Sen. Dorgan Tells Peters DOT is ‘Arrogant’ for Refusing to Block Cross-Border Funding
Sen. Byron Dorgan (D-N.D.) told Transportation Secretary Mary Peters that her department was “arrogant” in its refusal to go along with what he said Congress intended when it prohibited funding for the DOT’s controversial U.S.-Mexico border trucking program.
March 10, 2008Midwest Hit By Snowstorm
Highway and utility crews worked overtime Sunday to recover from a big storm system that buried Ohio and other parts of the Midwest in snow, the Associated Press reported.
March 10, 2008Trimac Reports Fourth-Quarter Profit
Canada-based transportation firm Trimac Income Fund said its fourth-quarter net earnings were C$2.2 million or about 9 cents per unit, compared with C$3.1 million or 8 cents a year earlier.
March 10, 2008TCA Chiefs Report Little Sign of Freight Tonnage Recovery
NASSAU, Bahamas — Leaders of the Truckload Carriers Association said their members have seen no improvement in the thin freight market, despite reports that tonnage has increased in the past three months, and that their other great worry was sharply rising fuel prices.
March 10, 2008VW Buys Control of Scania; MAN Merger Could Follow
Volkswagen AG last week bought a controlling share in Swedish truck maker Scania AB, possibly clearing the way for a three-way merger with German truck maker MAN AG, a combination that would create Europe’s largest heavy-truck producer.
March 10, 2008Upcoming Changes in White House, Congress Cloud Picture for Trucking Industry’s Future
While politicians and pollsters count up votes and delegates in the long, slow march to the presidential election this November, trucking industry officials said the upcoming change in power clouds the industry’s outlook for 2009 and beyond.
March 10, 2008Diesel Again Hits Record, at $3.658
Retail diesel prices jumped another 10.6 cents a gallon last week to a new record national average of $3.658; diesel has now risen 37.8 cents a gallon over the past three weeks.
March 10, 2008FedEx Kinko’s CEO Resigns; Will Be Replaced by Unit’s COO
FedEx Corp. said Friday that Ken May has resigned as chief executive officer of its FedEx Kinko’s unit, effective March 31.
March 7, 2008Oil Tops $106 a Barrel
Crude oil set another record Friday, topping $106 a barrel in intraday trading for the first time before receding to close near $105, Bloomberg reported.
March 7, 2008