���ϳԹ���

YRC Worldwide’s latest cost-cutting agreement with the Teamsters is expected to save $870 million over 18 months and help the company regain its financial footing, analysts and company officials said.

WASHINGTON — The Senate Environment and Public Works Committee approved an 18-month extension of existing highway legislation even as House leaders continued to oppose a delay in passing a new multiyear transportation funding bill.

The idea of removing 10% of truck traffic from the nation’s highways by 2020 to reduce carbon emissions is “almost ludicrous,” Ray Kuntz, former chairman of American Trucking Associations, told a Senate committee last week.

Drayage truckers blasted world’s largest ocean carrier Maersk Line’s plan to begin charging a chassis-use fee, saying it would raise costs and complicate operations.

About one-third of truckload fleets have cut driver pay over the past 12 months as carriers strive to trim expenses during the extended freight recession, a new survey has reported.

J.B. Hunt Transport Services Inc. said its second-quarter profit fell 52%, hurt by mounting pressure on prices and weak demand, as the latest round of quarterly financial reports by public carriers began to roll in last week.

The average cost of retail diesel in the United States dropped 5.2 cents a gallon last week to $2.542, the third consecutive decline and a level nearly 50% below the record highs of a year ago.

Democratic senators have decided to drop a provision that would have allowed workers to form a union if a majority of employees sign cards, the New York Times reported Friday.