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 9, 2009Five States Seek $300 Million Federal Grant for Intermodal Development on East Coast
Five states have formed a coalition to seek a $300 million federal grant to help pay for intermodal development and improvements along the Norfolk Southern Railroad corridor that stretches from New Orleans to New York City.
November 9, 2009IRS Drops $319 Million Levy over FedEx Owner-Operators
FedEx Corp. said an Internal Revenue Service audit team has proposed that no assessment of federal employment taxes be made against the company’s ground parcel unit for 2002, an important step in FedEx’s continuing legal battle over whether some of its workers are independent contractors or employees.
November 9, 2009Panel OKs Cap-and-Trade Bill, Despite Republican Boycott
Democrats on the Senate Environment and Public Works Committee last week approved a cap-and-trade bill that opponents said would cause a spike in the cost of diesel fuel.
November 9, 2009Diesel Gains 0.7¢ to $2.808
The sudden run-up of U.S. retail diesel fuel prices moderated last week, as the average price rose just 0.7 cent to $2.808 a gallon, the Department of Energy reported. Fleet executives, however, said the respite isn’t easing their cost pressures.
November 9, 2009Senate Confirms Ferro as FMCSA Administrator
The Senate confirmed Anne Ferro's nomination to head the Federal Motor Carrier Safety Administration.
November 6, 2009Letters: HOS Change, Snow on Trucks, Costly Misconception
The Federal Motor Carrier Safety Administration, in response to a legal challenge to the current hours-of-service regulations, will completely rewrite the 2008 HOS regulations, issue a proposed rulemaking within nine months and a new final rule in less than two years.
November 6, 2009Third-Quarter Worker Productivity Jumps 9.5%
Third-quarter worker productivity jumped to an annual rate of 9.5%, the Labor Department said Thursday.
November 5, 2009Opinion: CSA 2010: A Good First Step, But . . .
For more than a decade, the trucking industry has called for an overhaul of the Department of Transportation’s safety fitness measurement and rating systems. Fortunately, DOT heard these calls and soon will implement its new system — Comprehensive Safety Analysis 2010. CSA 2010’s measurement component will be rolled out in July 2010; the rating component will be implemented after a future rulemaking process is completed.
November 5, 2009ISM Services Index Slows Expansion
The U.S. economy’s service sector slowed its expansion last month, the Institute for Supply Management said Wednesday.
November 4, 2009