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Indiana Toll Road Lease Moves Forward, Paper Says
The Indiana Finance Authority ratified its selection of ITR Concession Co. LLC, a wholly owned subsidiary of Statewide Mobility Partners, to lease the toll road for 75 years in exchange for a $3.8 billion lump sum, the paper said.
March 24, 2006Wisc. Governor Signs Higher Weight Law
Wisconsin Gov. Jim Doyle signed a bill allowing trucks hauling raw forest and other agricultural products to haul heavier loads all year long, the Associated Press reported.
March 24, 2006Eaton, IdleAire Enter Deal to Build Anti-Idling System
Eaton Corp. and IdleAire Technologies Corp. announced they had agreed to a $65 million contract to develop an anti-idling system for truck stops.
March 24, 2006Alabama Intrastate Trucks to be Tracked, Paper Says
Trucks operating only in Alabama will need to be registered by this summer as part of a program to track in-state commercial vehicles for the first time, the Birmingham News reported.
March 24, 2006Rail Industry Reports Mixed Week, Intermodal Rise
The number of intermodal shipments on U.S. railroads rose last week, but the overall volume of freight fell, according to a report by the Association of American Railroads.
March 24, 2006CNF Inc. Reiterates Guidance for First Quarter Results
Transportation firm CNF Inc. said Wednesday that it expects earnings per share for the first quarter to be between 71 cents and 77 cents.
March 23, 2006ATA Announces Tuition Finance Plan for Driver Training
American Trucking Associations announced a plan Thursday that would provide financial assistance for truck driver training school to potential truckers.
March 23, 2006Dana Reports $376 Million Fourth-Quarter Loss
Bankrupt vehicle-parts supplier Dana Corp. said Wednesday its $376 million fourth-quarter net loss more than doubled due to restructuring costs.
March 23, 2006EGL Inc. Names Charles Leonard as Chief Financial Officer
Transportation and logistics firm EGL Inc. said late Wednesday that it named Charles Leonard as chief financial officer.
March 23, 2006Stallion Enters Heavy Hauling Market
Stallion Oilfield Services, an oilfield drilling logistics company, said Wednesday it has acquired Oilfield Heavy Haulers, a trucking company based in Louisiana.
March 23, 2006