Rep. Diaz-Balart to Oversee House Transportation Funding Committee in 114th Congress
Rep. Mario Diaz-Balart (R-Fla.) will be the next chairman of the House Transportation, Housing and Urban Development Appropriations Subcommittee, the full committee’s chairman announced Nov. 20.
Trucking Failures Slow in 3Q on Rates, Fuel, Report Says
A total of 9,090 trucks were taken off the road due to fleet bankruptcies in the third quarter, a slight decline from the second quarter, as rising freight rates and falling fuel prices helped keep some marginal fleets afloat, Avondale Partners analyst Donald Broughton said.
October 20, 2014New Century’s Shutdown Leaves Workers Scrambling
New Century Transportation Inc., which reported $267 million in revenue last year but was plagued by funding problems, abruptly shut down and filed for bankruptcy last week, leaving nearly 1,600 workers scrambling to find new jobs.
June 16, 2014New Century Files for Bankruptcy, Plans Liquidation
New Century Transportation Inc. has filed for bankruptcy, and the less-than-truckload and truckload carrier intends to sell its assets after closing its doors earlier this week.
June 12, 2014Trucking Bankruptcies Rise
Trucking fleet failures more than doubled in the first quarter from a year earlier as rising costs, regulatory burdens and inclement weather sank marginal fleets, a new report found.
April 14, 2014D.C. Council Weighs Ban on New Diesel Vehicles
The District of Columbia City Council is considering legislation to ban the registration of new vehicles that operate “exclusively on the combustion of petroleum diesel fuel.”
December 16, 2013Senators Propose Infrastructure Bank Measure
A bipartisan group of U.S. senators led by Sen. Mark Warner (D-Va.) introduced legislation to create a $10 billion infrastructure bank that would use loans and loan guarantees to encourage private investment in transportation projects.
November 22, 2013American Roads LLC Files for Bankruptcy
The bankruptcy filing by the private owner of four Alabama toll roads and the operator of the Detroit-Windsor Tunnel is not expected to have any immediate effects on freight haulers, officials said.
August 5, 2013Failures Hit 2-Year High as Fleets’ Costs Increase
U.S. trucking bankruptcies reached a two-year high of 205 during the second quarter, nearly triple the failures in the corresponding period last year, as fleets battled steadily rising costs, according to a new report.
July 22, 2013Battery Manufacturer Exide Technologies Files for Bankruptcy
Heavy-duty truck and automobile battery manufacturer Exide Technologies filed for bankruptcy after environmental regulators in California shut down one if its lead-recycling plants, Bloomberg News reported Monday.
June 10, 2013