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Opinion: Factoring: What You Don’t Know Can Hurt You

At one time or another, every business finds itself undercapitalized. Unfortunately, in these tough economic times, qualifying for a line of credit can be extremely difficult. As a result, increasing numbers of transportation companies are looking into factoring, with many of them taking the plunge and selling their accounts receivable to a factor.

June 24, 2009

Ryder Earns 3PL Cross-Border Security Certification

Ryder System said it has been certified as a third-party logistics provider in the Custom-Trade Partnership Against Terrorism program, an initiative that seeks to promote supply chain security and reduce border vulnerabilities.

June 24, 2009

ATRI Updates Idling-Regulations Listing

The American Transportation Research Institute has updated its listing of state and local idling regulations, noting that 41 states and localities now have idling regulations.

June 23, 2009

ATA Seeks Commodities Markets Transparency

American Trucking Associations Monday called on Congress to increase the transparency of commodities futures markets and impose “reasonable aggregate position limits on energy commodities,” in an effort to stem the price spikes and record high prices of last summer.

June 22, 2009

Mass. Transportation Plan Delays Toll Increase

The Massachusetts Senate has approved a transportation reform bill that would avoid a planned toll increase in tolls and would abolish the Massachusetts Turnpike Authority by the end of the year, the Associated Press reported.

June 19, 2009

SCR Engine Makers Deny Navistar Claims

Several truck and engine manufacturers who plan to use selective catalytic reduction technology to meet 2010 emission standards have denied allegations by Navistar Inc. and have asked a federal appeals court to give them standing to argue against Navistar’s lawsuit against the U.S. Environmental Protection Agency.

June 22, 2009

DOT Prepares to Issue New Rule to Cut Truck Stopping Distance

The Department of Transportation is preparing to issue its long-delayed rule that would slice the stopping distance for large trucks by as much as 30%.

June 22, 2009

NTTC President Balks at Wetlines Proposal

A requirement that tank trucks carrying gasoline and other flammable materials be retrofitted with equipment to purge wetlines would kill and injure far more repair shop workers than it would save motorists lives, the head of a tank truck carriers industry group told Congress.

June 22, 2009

Logistics Expenses Drop 3.5%

WASHINGTON — The cost of moving and storing goods nationwide fell 3.5% last year, the first decline in logistics-related ex-penses in six years, despite 2% higher transportation expenses. Manufacturers and retailers slashed inventories and excess capacity limited the ability of freight carriers to raise prices, according to a new report.

June 22, 2009

Diesel Rises for 6th Week

The average price paid for retail diesel jumped another 7.4 cents last week to $2.572 a gallon, marking the sixth straight week of increases in the price of trucking’s main fuel for a total rise of 38.7 cents, the Department of Energy reported.

June 22, 2009