Safety
Transportation businesses face a host of dynamic risk issues that can significantly impact their financial and operational health. The news in this category focuses on the latest safety and security initiatives, resources and regulations and addresses topics that include fleet safety, claims administration, driver hiring and retention, risk management and compliance.
Xata Loses $1.7 Million in Fiscal 1Q
Transportation software firm Xata Corp. said it lost $1.7 million, or 20 cent per share, in its fiscal first quarter, compared with a loss of $672,000, or 8 cents, a year ago.
February 9, 2010Forward Air’s 4Q Income Falls
Forward Air Corp. said its fourth-quarter profit fell to $6.4 million, or 22 cents per share, from $8.3 million, or 29 cents, a year ago.
February 9, 2010P.A.M. Reports Fourth-Quarter Loss
P.A.M. Transportation Services reported a fourth-quarter loss of $3.9 million, or 42 cents per share, compared with a loss of $11.4 million, or $1.19, a year earlier.
February 9, 2010Letters: EOBRs Revisited, Hours of Service, Infrastructure
Regarding the letter with the headline “EOBRs Revisited,” there was a very interesting guest commentary about electronic onboard recorders recently in another publication, in which the author claimed only 2% of crashes occur after more than 10 hours of driving time.
February 8, 2010CSA 2010 Is a ‘Game Changer’
If it works as advertised, trucking’s new safety rating machinery will be as quick and as responsive as a sports car when compared to the old, glacial way of doing things.
February 8, 2010DOT Budget Proposes $4 Billion for New Infrastructure Bank
The Obama administration last week proposed a $4 billion “down payment” on a national infrastructure bank to supplement traditional highway funding, as part of its $78.8 billion budget proposal for the Department of Transportation.
February 8, 2010Report Says Thefts Rising, But Fleets Question Data
Cargo theft increased sharply in 2009, according to an international insurer and a security firm, although two major carriers said they had experienced a drop in losses from theft and American Trucking Associations said good statistics were hard to come by.
February 8, 2010States May Not Enforce Ban on Texting, Law Officials Say
Law enforcement officials said they may not strictly enforce the Transportation Department’s recent ban on texting by commercial drivers until the government issues a specific regulation rather than reinterpretations of current rules, officials told Transport Topics.
February 8, 2010Execs Warn on CSA 2010
SAN DIEGO — CSA 2010, the new federal safety monitoring and rating system for motor carriers, is likely to be the most important and potentially disruptive federal policy development for trucking to come out of Washington this year, fleet executives and industry watchers said last week.
February 8, 2010SEC Issues Guidelines to Help Companies Assess Effects of Climate-Change Laws, Rules
The Securities and Exchange Commission for the first time has voted to issue guidelines to help public companies decide whether climate change laws and regulations will have a material effect on their businesses.
February 8, 2010