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ATA Urges Limits on Oil Futures to Prevent Excessive Speculation

The Commodity Futures Trading Commission should create position limits on energy contracts across all trading platforms to protect the trucking industry from excessive speculation in oil futures, a representative of American Trucking Associations testified at recent CFTC hearings.

August 10, 2009

ArvinMeritor Posts $162 Million Quarterly Loss

Manufacturer ArvinMeritor Inc. said it lost $162 million in the April-to-June quarter, while also announcing last week it has found a buyer for its light-vehicle wheels business and has stepped up its marketing effort for truck disc and drum brakes ahead of the government’s new truck stopping-distance rule.

August 10, 2009

Maersk Starts Chassis Fee at N.Y.-New Jersey Port

Maersk Line’s chassis rental fee went into effect at the Port of New York and New Jersey on Aug. 3, and although there were not any freight disruptions, the head of a trade group for drayage haulers said that the rollout could have gone smoother.

August 10, 2009

States Pay for Transportation Costs with Newer Bonding, Loan Programs

Faced with capacity and maintenance limitations and inadequate revenues, states are taking advantage of newer bonding and federally guaranteed loan programs to help underwrite transportation costs, according to a new report.

August 10, 2009

SCR Engines May Emit Toxins, CARB Staffer’s Letter Warns

The selective catalytic reduction process that most engine manufacturers will use to comply with 2010 federal diesel emission standards could emit toxic byproducts, the California Air Resources Board’s top researcher wrote in a recent letter filed in federal court by Navistar Inc.

August 10, 2009

DOT Targets Distractions

WASHINGTON — Transportation Secretary Ray LaHood an-nounced last week he will take steps to try to further curb distracting driving activities such as text messaging or using a cell phone or a Global Positioning System device.

August 10, 2009

Intermodal, Rail Traffic Drop for Week, Month

Intermodal rail traffic in the United States fell 16.1% last week compared with the same week last year, the Association of American Railroads said.

August 7, 2009

ISM Services Index Slips in July

The U.S. economy’s service sector showed a downturn in activity last month, the Institute for Supply Management said Wednesday.

August 5, 2009

Evergreen Files for Chapter 11 Bankruptcy

Evergreen Transportation has filed for Chapter 11 bankruptcy protection, the truckload carrier said in a statement on its Web site.

August 5, 2009

Xata Loss Narrows in Third Quarter

Transportation software firm Xata Corp. said Wednesday it lost $62,000, or 1 cent per share, in its fiscal third quarter, compared with a loss of $712,000, or 8 cents, a year ago.

August 5, 2009