New Century Transportation Inc. has filed for bankruptcy, and the less-than-truckload and truckload carrier intends to sell its assets after closing its doors earlier this week.
June 12, 2014Search
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New Century’s Shutdown Leaves Workers Scrambling
New Century Transportation Inc., which reported $267 million in revenue last year but was plagued by funding problems, abruptly shut down and filed for bankruptcy last week, leaving nearly 1,600 workers scrambling to find new jobs.
June 16, 2014Chicago Planning Agency Proposes Freight Fund for Infrastructure
The Chicago Metropolitan Agency for Planning unveiled a report that suggests creating a special metropolitan freight fund to pay for freight-related infrastructure improvements.
June 12, 2014Key Senator To Support Short-Term Highway Trust Fund Fix
At a hearing considering the nominations of two senior Department of Transportation officials June 11, Sen. John Thune (R-S.D.) said he would support a short-term legislative fix prior to the August congressional recess that would shore up a depleted federal highway account.
June 11, 2014Love’s Creates Factoring Service
Love’s Travel Stops said it has created Love’s Financial, a factoring service meant to help drivers manage business and cash flow needs.
June 10, 2014May Truck Orders Climb 14.2%
Class 8 truck sales climbed 14.2% in May from a year earlier, offering further evidence that the industry has begun to enter a growth cycle, ACT Research reported.
June 4, 2014Mich. May Replace Per-Gallon Tax with Wholesale Levies on Fuels
Michigan state senators are still attempting to hammer out a transportation funding plan that would replace the state’s per-gallon tax on diesel and gasoline with a wholesale sales tax on fuel.
June 2, 2014Elephants Take Truck Odyssey from Calgary to D.C. Zoo
A pair of North American zoos used two tractors pulling drop-deck trailers to carry a trio of female Asian elephants to the National Zoo in Washington, D.C., from Calgary, Alberta, quickly and in comfort.
June 2, 2014Nafta Trade Value Rises 6.2% in March
U.S. trade with Canada and Mexico in March increased by 6.2% to $101.5 billion from 2013, to the second highest amount on record, the Bureau of Transportation Statistics reported May 29.
May 29, 2014GAO Says Defense Department Should Improve on Hazmat Shipments
A federal report said the Department of Defense should improve the regulations and procedures governing the transportation of hazardous materials.
May 29, 2014