Knight Transportation Inc. said in a Securities and Exchange Commission filing that takeover target USA Truck Inc.’s “recent financial results demonstrate only limited improvement and that its recent share price surge is unsupported by either industry or company specific fundamentals.â€
November 4, 2013Government
FMCSA Orders N.C. Trucking Firm Out of Service
The Federal Motor Carrier Safety Administration has shut down a North Carolina trucking company for failing to comply with multiple safety regulations, the agency announced Nov. 5.
November 5, 2013GovernmentBusinessFuel
Ohio State Reps Introduce Alternative-Fuels Bill
Ohio State Reps. Sean O’Brien (D) and Dave Hall (R) introduced legislation Nov. 4 that would provide tax incentives for companies that use alternative fuels.
November 5, 2013GovernmentBusinessFuel
Ontario Considering 2% Biodiesel Rule
The Ontario Ministry of the Environment is considering a fuel mandate that would require diesel fuel sold there to contain 2% biodiesel, with the percentage doubled by 2016.
November 5, 2013Government
Enhanced CSA Website Goes Live
A preview of the Federal Motor Carrier Safety Administration’s enhancements to the Compliance, Safety, Accountability program public website went live Nov. 4.
November 4, 2013BusinessGovernment
Factory Orders Rise in September
Factory orders increased 1.7% in September, the Commerce Department reported Nov. 4.
November 4, 2013GovernmentBusiness
DOT’s Speed-Limiter Proposal to Add Older Trucks, Aide Says
An upcoming federal rule mandating speed limiters on heavy-duty trucks will include the requirement that current vehicles be retrofitted as well as new trucks rolling down assembly lines, according to an official of the National Highway Traffic Safety Administration.
November 4, 2013Government
Trucks Involved in Fatal Crashes Rise 3% in 2011, FMCSA Says
The yearly number of large trucks involved in fatal crashes is on the rise again after nearly a decade of declining, according to the most recent data from the Federal Motor Carrier Safety Administration.
November 1, 2013GovernmentBusiness
Diamond, Roberts Truck Dealerships to Merge
Diamond Cos., a holding company for International brand truck and bus dealerships, will merge with Roberts Truck Center, effective Jan. 1, the companies said.
November 1, 2013GovernmentBusiness
Virginia Court Rules Planned Tunnel Tolls Can Proceed
The Virginia Supreme Court ruled Oct. 31 that the state can proceed with plans to begin tolling in February on two existing tunnels between Norfolk and Portsmouth in order to pay for construction of a third.
October 31, 2013