The Federal Motor Carrier Safety Administration has extended its public commenting period for its interim hours-of-service rule for 30 days.
February 15, 2008Search
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N.J. Tolls Plan Could Cut Trucking, Warehouse Business
Trucking companies and warehouses in New Jersey that are bracing for higher tolls may exit the state altogether to avoid what could be 800% increases in toll costs by 2020, the New York Times reported Thursday.
February 14, 2008DOT Freight Index Drops
The Department of Transportation’s freight transportation services index for December fell 0.1% from a year earlier, DOT said Wednesday.
February 13, 2008Rush Reports Lower 4Q Earnings
Truck dealership Rush Enterprises said its fourth-quarter earnings dipped to $12.3 million, or 32 cents a share, from $15.9 million, or 42 cents, for the previous fourth quarter.
February 13, 2008Retail Sales Rise 0.3% in January
Retail sales rose 0.3% in January, the Commerce Department said Wednesday.
February 13, 2008GM Posts 4Q, Full-Year Loss
General Motors Corp. said Tuesday it took a fourth-quarter loss of $722 million and that it enhanced a buyout plan for its 74,000 U.S. United Auto Workers employees, Bloomberg reported.
February 12, 2008Forward Air’s Profit Edges Up in 4Q
Forward Air Corp. said its fourth-quarter profit rose to $12.4 million, or 43 cents a share, from $12.2 million, or 40 cents, a year earlier.
February 12, 2008Pacer’s Fourth-Quarter Profit Mixed
Transportation and third-party logistics firm Pacer International’s fourth-quarter profit slipped to $20.6 million, from $21.5 million a year ago, but per-share earnings rose to 59 cents a share, from 57 cents a year earlier.
February 12, 2008Court Hears Arguments on Mexican Trucks Program
A federal appeals court heard arguments Tuesday whether the Bush administration can go ahead with the Transportation Department’s Mexican trucks pilot program, the Associated Press reported.
February 12, 2008DOE Lowers Diesel-Price Outlook
The Department of Energy lowered its outlook diesel prices, saying that prices would peak in April and May at just over $3.30 per gallon before tailing off to near to $3 later in the year.
February 12, 2008