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, 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, 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, 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, 2009Air Freight Demand Begins Picking Up, But Experts Predict a Slow Recovery
Air freight carriers appear to be pulling out of a steep dive caused by the global economic downturn over the past year, but company executives and industry observers said they expect the recovery to be slow and uneven.
November 9, 2009Gasoline Price Increase Slows
Gasoline’s national average price rose by an average 3 cents over the past two weeks to $2.68 a gallon, slowing its recent increases, according to the latest Lundberg Survey of filling stations released Sunday.
November 9, 2009Buffett Bids for BNSF Corp.
Investor Warren Buffett made a dramatic bid to buy the Burlington Northern Santa Fe Corp., the largest U.S. railroad, in a move valued at $44 billion and intended to capitalize on future economic growth and intermodal’s potential.
November 9, 2009