ºÚÁϳԹÏÍø

Carriers with multi-employer pension obligations would get as much as 30 years to restore full funding of currently underfunded plans, under legislation introduced by two members of Congress.

Five states have formed a coalition to seek a $300 million federal grant to help pay for intermodal development and improvements along the Norfolk Southern Railroad corridor that stretches from New Orleans to New York City.

FedEx Corp. said an Internal Revenue Service audit team has proposed that no assessment of federal employment taxes be made against the company’s ground parcel unit for 2002, an important step in FedEx’s continuing legal battle over whether some of its workers are independent contractors or employees.

Democrats on the Senate Environment and Public Works Committee last week approved a cap-and-trade bill that opponents said would cause a spike in the cost of diesel fuel.

YRC Worldwide Inc. said it is making financial progress on two fronts by reporting sequential earnings improvement and launching a debt-for-equity swap that could lower costs.

The sudden run-up of U.S. retail diesel fuel prices moderated last week, as the average price rose just 0.7 cent to $2.808 a gallon, the Department of Energy reported. Fleet executives, however, said the respite isn’t easing their cost pressures.

Freight broker BirdDog Logistics Services said that it has acquired Churchill Transport Group, a third-party logistics firm.

GRAPEVINE, Texas — Lubricant maker Valvoline and technology firm tiwi have unveiled a program for over-the-road fleets that they guarantee will boost fuel efficiency by at least 4%.

J.B. Hunt Transport Services said that it has reached a multi-year deal with Norfolk Southern Corp. in which the railroad will provide intermodal service for the carrier in the eastern U.S.