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, 2014
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Newton Promoted by Arkansas Trucking Association
The Arkansas Trucking Association said June 11 it has promoted Shannon Newton to be its new president.
June 12, 2014D.C. Delegate Introduces Obama’s Transportation Bill
A Republican congressman and the nonvoting Democratic delegate from the District of Columbia have teamed up to introduce a bill in the House that incorporates President Obama’s $302 billion transportation funding plan to be paid for with corporate tax reform.
June 12, 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, 2014Feinstein Emboldened by Wal-Mart Crash to Fight HOS Suspension Provision
Sen. Dianne Feinstein (D-Calif.) said she would “continue to fight” provisions in a fiscal 2015 transportation funding bill that would suspend for one year changes to the hours-of-service restart provision implemented last year by federal truck safety regulators.
June 11, 2014DeFazio Introduces Bill to Replace Gas Tax with Barrel Tax on Oil
WASHINGTON — Rep. Peter DeFazio (D-Ore.) has introduced a bill to replace the gasoline tax with a barrel tax on oil, eliminate the sales tax on truck tires, and index the diesel tax to inflation.
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, 2014NTSB: I-5 Bridge Collapse Driver Complied With HOS Rules
A review of a logbook kept by the truck driver who struck a bridge in Washington state in 2013 found no violations of federal hours-of-service rules, according to documents released June 11 by federal transportation safety investigators.
June 11, 2014Obama Signs Water Bill To Boost Ports
President Obama on June 10 signed a water policy bill into law that allows dredging at ports throughout the country, ahead of the expansion of the Panama Canal.
June 10, 2014