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.
Mullen Group's Profits Sink in Second Quarter
Canadian transportation firm Mullen Group Income Fund said its second-quarter profit plunged 57.3% to C$16.6 million or 21 cents a share, from C$38.9 million or 64 cents a year earlier.
August 8, 2007Transportation Services Index Falls, DOT Says
The Department of Transportation said Wednesday that its transportation services index for June fell 0.7% from May.
August 8, 2007Pacer's Earnings Decline in 2Q
Transportation and third-party logistics firm Pacer International on Wednesday said its second-quarter net income fell 13.8% to $12.5 million or 34 cents a share, from $14.5 million or 38 cents a year ago.
August 8, 2007Atlas Air’s Second-Quarter Earnings Rise
Air cargo company Atlas Air Worldwide Holdings said Wednesday it earned $43.2 million or $2.01 a share in the second quarter, up from $10.7 million or 51 cents a year ago.
August 8, 2007WSDOT to Close Portions of I-5 North
The Washington Department of Transportation said it is preparing to close a 1.1 mile stretch of Interstate 5, a major highway leading to downtown Seattle, for a 19 day repair project.
August 8, 2007Nerve Agent Waste Transfers Okay to Proceed, Judge Says
A federal judge in Indiana has denied environmentalists' request that he block truck shipments of nerve agent waste from Newport Chemical Deport in the Western portion of the state to an incinerator in Texas, the Associated Press reported.
August 8, 2007CSX Transportation, Kentucky to Cooperate on Rail Security
Freight railroad CSX Transportation said it has entered into an agreement with the state of Kentucky under which state law enforcement officials will be able to track the location of CSX trains and monitor the contents of the carrier’s railcars.
August 8, 2007Editorial: Repairing the HOS Rule
It’s unfortunate that the U.S. Circuit Court of Appeals voted to vacate portions of the newest hours-of-service rule put forth by the Federal Motor Carrier Safety Administration.
August 7, 2007Second-Quarter Productivity Rises 1.8%
Second-quarter U.S. worker productivity rose 1.8%, the Labor Department said Tuesday.
August 7, 2007Senate Panel Gives EPA October Deadline to Rule on Calif. Carbon Emissions Request
Just weeks after Environmental Protection Agency Administrator Stephen Johnson said he would delay ruling on California’s nearly 2-year-old request for approval to limit vehicle emissions of greenhouse gases until the end of the year, a Senate committee passed a bill directing him to decide by October.
August 7, 2007