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ISM Services Index Shows Continued Contraction
The U.S. economy’s service sector continued to contract in March, the Institute for Supply Management said Friday.
April 3, 2009Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Obama Names Nominees for Two DOT Agencies
President Obama named two nominees to lead agencies within the Department of Transportation, the White House said.
April 3, 2009Reopening the Border
We’re pleased to see that President Obama’s administration is at work crafting a plan to reopen the United States to trucks from Mexico, as agreed to years ago when the North American Free Trade Agreement was ratified.
April 6, 2009Jury Finds Freight Broker Liable for $23.8 Million Fatality Award
An Illinois jury has awarded $23.8 million in damages against leading freight broker C.H. Robinson Worldwide in a dual-fatality 2004 truck accident case involving a motor carrier hired to haul a load of potatoes.
April 6, 2009FedEx Wins Wash. State Class Action Suit over Classification of Drivers as Contractors
FedEx Corp. last week won a Washington state class action case that affirmed the company’s position on driver classification.
April 6, 2009Bill Aims to Cut Emissions with Cap-and-Trade Plan
Two senior House Democratic leaders last week introduced a sweeping greenhouse gas bill that includes a cap-and-trade program and would expand motor carriers’ use of SmartWay technologies.
April 6, 2009LTLs Ward, Saia Reduce Pay as Freight Volumes Decline
Two regional less-than-truckload carriers announced across-the-board pay cuts because of deteriorating freight volumes and prices, Saia Inc. by 5% for salaried employees and drivers, and Ward Trucking Corp. by 8.9%. Both companies said executives’ pay was cut even more.
April 6, 2009Mid-States Ceases Operations
Four more trucking companies, including Chicago-area less-than-truckload carrier Mid-States Express Inc., have filed for Chapter 11 bankruptcy protection, becoming the latest casualties of the continuing economic downturn and credit crunch.
April 6, 2009Coast Guard to Review Biometric Devices in Bid to Make TWIC Cards More Secure
The U.S. Coast Guard is beginning to review how biometric devices should be added to federal transport security cards that are becoming mandatory for truckers and everyone else who wants access to secure port areas.
April 6, 2009Accounting Boards Propose Rules Change That Could Alter Truck Leasing Industry
An accounting rules shift could trigger fundamental changes in a truck leasing market worth as much as $70 billion by reducing the attractiveness of renting equipment and reducing fleets’ access to debt.
April 6, 2009