Government
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow what’s happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
DOT Issues Daylight-Saving Time Reminder
The Department of Transportation issued a reminder that starting in 2007, daylight-saving time will begin three weeks earlier, starting this weekend.
March 9, 2007Trimac’s 4Q Income Dips; Full Year Improves
Canada-based transportation firm Trimac Income Fund earned C$3.1 million or 8 cents per unit in the fourth quarter, down from C$5.7 million or 13 cents a year earlier.
March 9, 2007Class 8 Fleet Size Grows 5.2% in 2006 as Carriers Stock Up
The number of heavy-duty trucks in use in the United States increased 5.2% to 3.51 million Class 8 commercial vehicles last year, as fleet owners stocked up on new trucks and kept more old vehicles in service, market research firm R.L. Polk & Co. said.
DOT: Border Plan to Involve Fewer Than 1,000 Mexican Trucks
Transportation Secretary Mary Peters told a congressional panel Thursday that DOT expects the pilot program involving allowing trucks from Mexico to U.S. roads will involve fewer than 1,000 trucks.
March 8, 2007Cummins Sets Two-for-One Stock Split
Diesel engine maker Cummins Inc. said Thursday that its board declared a two-for-one split of the company’s stock, to be payable on April 9 to shareholders of record as of March 26.
March 8, 2007DHL to Focus on Boosting Overseas Shipments From U.S.
DHL Worldwide Express plans to focus on expanding overseas shipments from the United States after investing in a domestic package delivery network, Bloomberg reported.
March 8, 2007ATA Pushes for Flexibility in HOS Sleeper-Berth Provisions
Truck drivers need greater flexibility within federal driver work and rest rules to allow them to select sleep times and duration based on individual need, according to a study released jointly by American Trucking Associations and a sleep research firm.
March 8, 2007Fed ‘Beige Book’ Cites Mixed Picture of Trucking
Federal Reserve districts reported some regional slowdowns in trucking in the first few months this year, the Fed said Wednesday in its latest “beige book” survey of economic conditions.
March 8, 2007Mullen’s 4Q Income Declines; Full-Year Results Improve
Canadian transportation firm Mullen Group Income Fund reported its fourth-quarter profit fell to C$14 million or 17 cents per share, from C$24.7 million or 52 cents a year earlier.
March 7, 2007Richard Bailey Named President of Boyd Bros. Transportation
Richard Bailey was promoted to president of flatbed truckload carrier Boyd Bros. Transportation Co., the company said.
March 7, 2007