The operator of the Indiana Toll Road, owned by affiliates of Macquarie Group Ltd. and Ferrovial SA, sought bankruptcy protection with a creditor-supported restructuring plan after dwindling traffic soured a $3.8 billion bet on a 75-year lease.
September 22, 2014Transportation Compliance News
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow what’s happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
EPA to Award $5 Million for Port Diesel Emission-Reduction Projects
The U.S. Environmental Protection Agency is accepting proposals for about $5 million in funding for diesel emission-reduction projects at ports.
September 22, 2014Chinese Commercial Telematics Market to Surpass US by Decade’s End, Report Predicts
China will soon become the world’s largest market for commercial telematics as government regulations and the nation’s supply-chain woes drive technology adoption, according to a new study by C.J. Driscoll & Associates.
September 22, 2014August Truck Sales Rise 28.4%
Class 8 truck sales leaped 28.4% in August from a year ago to 19,627, the biggest percentage gain in two years, WardsAuto.com reported.
September 22, 2014Brad Bentley Named President Of the Truckload Carriers Assn.
Alabama publishing executive Brad Bentley has accepted the presidency of the Truckload Carriers Association and will begin in the position Oct. 13, both parties confirmed last week.
September 22, 2014A Con-way Freight Terminal Joins Union; Teamsters Ramp Up LTL Organizing Bid
Con-way Freight workers in Laredo, Texas, have become the first workers at the less-than-truckload carrier to be represented by a union, and additional Teamsters organizing efforts are advancing at three of the carrier’s Southern California terminals.
September 22, 2014FMCSA Delays Expected Publication Dates for Minimum Insurance, Speed-Limiter Rules
Federal regulators have moved back by nearly a month their projected announcements of two proposed rules, one to raise the minimum insurance requirement for interstate motor carriers and the other requiring speed limiters on new heavy trucks, a new Department of Transportation report said.
September 22, 2014McLeod Works to Speed Data Flow Through New Software Functionality
OXON HILL, Md. — McLeod Software said it is working to streamline the movement of data to help trucking and third-party logistics customers operate more efficiently.
September 22, 2014FedEx’s 1Q Earnings Gain 24%; Profit Margins Rise at All Units
FedEx Corp. last week reported that fiscal first-quarter net income rose 24% to $606 million, or $2.10 per share, driven by stronger growth at the Freight, Ground and Express units.
September 22, 2014DOT Urged to Create Office to Help Promote Use of P3s
A report by a House transportation panel recommended establishing a new office at the U.S. Department of Transportation to help states and localities have better access to private capital to fund large-scale infrastructure projects.
September 22, 2014Trending
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