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.
GAO Cites Concerns On Bus, Truck Companies Operating Illegally
A number of trucking and bus companies have been ordered shut down for violating federal safety rules and staying in business under different names, the Associated Press reported, citing a government study.
August 3, 2009House Bill Would Give Tax Credit for APUs
A bill introduced in the House of Representatives would provide up to $3,000 in tax credit for fleets to purchase auxiliary power units.
August 3, 2009Letters: Reregulation (cont.), Climate Change
I differ from the “Reregulation, Please” letter writer’s view that small carriers are offering transport service prices that are too cheap. Yes, there are some shoestring trucking operations hauling for very low freight rates, but there also are large carriers doing the same.
August 3, 2009Stopping Short
There were no surprises in the new federal rule designed to improve the braking power of a standard, fully loaded, tractor-trailer by almost one-third.
August 3, 2009Texting Top Driver Distraction, New Va. Tech Study Finds
Truckers who text from the driver’s seat are about 23 times more likely to have a crash, or at least a close encounter, than are drivers who are watching the road, according to a Virginia university study for the Federal Motor Carrier Safety Administration.
August 3, 2009Rule Won’t Require Overhaul of Braking Systems, Experts Say
The National Highway Traffic Safety Administration’s decision to cut the maximum allowed stopping distance for large trucks by 30% will increase truck buyers’ costs somewhat, but will not force a widespread shift to new technology such as air disc brakes, industry groups and manufacturers said.
August 3, 2009Plunge in Intermodal Business Dampens Freight Railroads’ Earnings for 2nd Quarter
A sharp drop in intermodal business helped to drag down second-quarter earnings for the largest North American railroads.
August 3, 2009Navistar Says 2010 Models Up $6,000-$8,000
Navistar Inc.’s 2010-compliant engines will sell for $6,000 to $8,000 more than its previous generation of engines, the company said last week.
August 3, 2009June Truck Tonnage Drops 13.6%
American Trucking Associations’ tonnage index declined 13.6% in June from year-ago levels, the biggest such decline since early 1996.
August 3, 2009Proposal to Reclassify Equipment Leases Seen as Tough Burden on Small Businesses
Finance and leasing industry officials said a proposal to reclassify equipment leases as a form of debt or asset, rather than an expense, would be difficult and costly for most companies to comply with.
August 3, 2009