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.
Covenant Reports Fourth-Quarter Profit
Covenant Transportation Group earned $176,000, or 1 cent per share in the fourth quarter, compared with a loss of $894,000, or 6 cents, a year earlier.
January 24, 2008Knight’s Fourth-Quarter Income Drops
Truckload carrier Knight Transportation’s fourth-quarter profit fell to $13.8 million, or 16 cents a share, from $18.9 million, or 23 cents, a year ago.
January 24, 2008Trucking Stocks Rebound Sharply
Trucking and transportation stocks rose sharply Wednesday as the general stock market rebounded, news reports said.
January 24, 2008Letters to the Editor: HOS, Public Citizen, Fuel Prices, N.J. Turnpike, Fuel in New England
So, we were able to keep two important features of the hours-of-service rules in place — which should have been no surprise to any one.
January 24, 2008Railroads, Transport Union Reach Accord
U.S. freight railroads have reached a tentative contract with about 81,000 workers represented by the United Transportation Union, Bloomberg reported Thursday.
January 24, 2008Maine Suspends Some Weight Restrictions Due to Fuel Prices
Maine Gov. John Baldacci (D) signed a bill to temporarily allow trucks hauling forest products to exceed state weight limits by 5% in hopes of helping them offset high fuel prices, the Associated Press reported.
January 23, 2008Descartes Acquires Fluensee’s MobiTrac
Canadian Logistics software provider Descartes Systems Group said it has acquired Fluensee Inc.’s MobiTrac fleet management business.
January 22, 2008Panel Urges Infrastructure Overhaul
WASHINGTON — In a controversial report calling for huge new spending on the national transportation system, a congressional commission last week made several recommendations that would affect trucking, including new flexibility in the federal driver hours-of-service rule in congestion-prone areas.
January 21, 2008DOT’s Peters Disavows Commission’s Proposals
WASHINGTON — A congressional report calling for a huge new federal investment in transportation infrastructure financed by hefty tax increases brought sharp opposition from Republicans, including Transportation Secretary Mary Peters, who led the commission.
January 21, 2008Rail, Intermodal Traffic Gain
Rail carload and intermodal traffic rose for week ended Saturday compared with a year ago, the Association of American Railroads said.
January 17, 2008