The Department of Transportation has published its proposed rule restricting truck drivers from using hand-held cellphones while operating and opened a two-month public comment period on the proposal.
December 21, 2010Business
C.H. Robinson Raises Dividend 16%
Transportation and third-party logistics firm C.H. Robinson Worldwide has raised its quarterly dividend to 29 cents per share.
December 21, 2010GovernmentBusiness
Highway Reauthorization Bill Still Stalemated in Congress
The year began with hopes the Obama administration and Congress could end their stalemate over the highway bill. But like 2009, this year is expected to end without a new long-term reauthorization agreement.
December 21, 2010GovernmentBusinessSafetyAutonomous
Ohio Turnpike Raises Speed Limit
The speed limit for cars and trucks on the Ohio Turnpike will go from 65 to 70 miles an hour starting April 1, a change that the state’s trucking industry opposes.
December 21, 2010Business
Trucking Industry Stocks Ride Wave of Second-Half Profitability in 2010
Most trucking stocks joined a rising stock market through the second half of 2010, counteracting a jittery first half, as profits climbed at the majority of publicly traded carriers.
December 21, 2010BusinessFuel
Diesel Rises Again, Gaining 1.7¢ to Two-Year High $3.248 a Gallon
Diesel rose 1.7 cents to a national average of $3.248 a gallon at the pump — the fourth time it has hit a two-year high in the past six weeks, the Department of Energy said.
December 21, 2010Business
HOS Rule Clears White House Review
The Federal Motor Carrier Safety Administration’s hours of service rule proposal cleared review by the White House’s Office of Management and Budget Friday and is expected to be released soon.
December 20, 2010BusinessFuel
Obama Signs Biodiesel Tax Credit Measure Into Law
President Obama has signed into law a measure that reinstates a biodiesel tax credit of $1 per gallon.
December 20, 2010BusinessGovernment
Automakers Sue EPA Over Ethanol Blend
Automakers and engine manufacturers are suing the Environmental Protection Agency over its plan to allow fuel stations to sell gasoline with 15% ethanol, the Associated Press reported.
December 20, 2010Business
November Truck Sales Rise 8.5%
Heavy-duty retail truck sales in the United States increased 8.5% in November from a year earlier to 9,614 units, the 11th consecutive monthly gain, according to Wardsauto.com.
December 20, 2010