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August 21, 2006 11:00 AM, EDT

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The Latest Headlines:

• IdleAire Technologies Posts $13.9 Million 2Q Loss
• Connecticut Delays Weigh Station Bypass System on Interstate 95
• Freightquote.com Appoints Two Executives

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IdleAire Technologies Posts $13.9 Million 2Q Loss

IdleAire Technologies Corp., a company that provides in-cab idle reduction technology for truck drivers, reported last Wednesday a loss of $13.9 million in the second quarter, compared with a loss of $6.9 million in 2005.

Revenue increased to $2.6 million, up 72% from $1.5 million in last year’s second quarter.

The company attributed the losses to a net interest expense of $4.4 million associated with the discount note debt offset by capitalized interest, $1.2 million in costs associated with newly installed sites, a $1.3 million impairment charge associated with four non-core sites and about $1 million in charges related to three site closures July.

As of June 30 the company said it has completed installed its Advanced Truckstop Electrification systems in about 2,300 parking spaces operating in 37 locations across 15 states.

Last year, IdleAire announced plans to install the ATE systems in more than 13,000 parking spaces in about 210 locations in up to 35 states. Transport Topics

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Connecticut Delays Weigh Station Bypass System

Connecticut will delay the implementation of technology that would allow trucks with established safety records to bypass the Greenwich weigh station on Interstate 95, reported The Advocate newspaper.

State Department of Transportation officials had hoped that installing the North American Preclearance Safety System, or NORPASS, at the Greenwich station would reduce lines at the scale house that routinely spill onto Interstate 95 and cause traffic jams, the Advocate said.

NORPASS uses motion-sensor technology and cab-mounted transponder tags to determine, based on a driver’s safety record, whether a truck may bypass a weigh station, the Advocate reported.

As a registered driver approaches a weigh station equipped with the NORPASS technology, a light will flash green to indicate that the driver is clear to pass, or red to indicate that the driver must pull into the station for inspection. Transport Topics

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Freightquote.com Appoints Two Executives

Freightquote.com, a company that provides web-based transportation management services for small businesses, said it has named Joe Massman chief financial officer and Bill Goodwin executive vice president of sales and marketing.

As CFO, Massman will oversee Freightquote.com’s financial operations as the company seeks to accelerate its growth. He previously worked as Freightquote.com's vice president of finance, prior to which he held positions with Express.com, Viacom, and KPMG LLP.

Goodwin will manage the the activities, marketing and customer service functions of Freightquote.com's sales team. He joined the company from Neutron Industries, prior to which he worked with Micro Warehouse and Insight Enterprises. Transport Topics

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