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FedEx Profits Down 3% in Third Quarter on Winter Weather, High Fuel Costs

Global economic improvement allowed FedEx Corp. to pull in 11% more quarterly revenue, but the carrier saw its net income drop by 3%, as it had to battle severe winter weather, soaring fuel costs and $43 million of integration costs at its less-than-truckload unit.

March 21, 2011

House Panel’s EPA Vote Doesn’t Block Truck Rule

The House Energy and Commerce Committee approved legislation that would strip the Environmental Protection Agency of some of its authority but would not block a proposal to regulate heavy- and medium-duty truck greenhouse gas emissions.

March 21, 2011

Cross-Border Truck Program Limited by Strict Safety Standards, Ferro Says

SAN DIEGO — The United States’ new cross-border trucking initiative with Mexico will be a small-scale, “self-limiting” program because Mexican carriers will have to meet a strict set of safety standards to operate in the United States, the head of the Federal Motor Carrier Safety Administrator said.

March 21, 2011

Diesel Reaches $3.908 a Gallon

The average price of U.S. retail diesel rose for the 15th consecutive week, bumping up another 3.7 cents to $3.908 a gallon, nearly $1 higher than the comparable week of last year, according to the Department of Energy.

March 21, 2011

Industry Lauds U.S. Congress for Push to End Tax Provision

Trucking industry officials have hailed congressional action to repeal an unpopular Internal Revenue Service reporting requirement contained in the 2010 health-care reform law and said they were confident Congress would approve repeal.

March 21, 2011

Carriers Told to Ignore Erroneous Letters Warning of Loss of Operating Authority

The Federal Motor Carrier Safety Administration told carriers last week that letters warning about possible loss of operating authority after notifying the agency of cargo insurance cancellations were sent in error.

March 21, 2011

‘Regulatory Overload’ Stalls Trucking, ATA Official Tells Transportation Panel

WASHINGTON — Trucking is burdened with “regulatory overload,” an American Trucking Associations official told a panel of Department of Transportation officials.

March 21, 2011

Vets Make Valuable Employees, Several Motor Carriers Report

Schneider National Inc., Ruan Transport Corp., Falcon Transport Co., and Werner Enterprises know from experience that military veterans make valuable employees. These firms actively recruit them to fill not only driver jobs but management posts as well.

March 21, 2011

House Panel Rejects Obama Plan to Fund Transportation Projects

The House Transportation and Infrastructure Committee voted last week to not support the Obama administration’s transportation budget proposals because administration officials have not identified revenue sources to fund multibillion dollar increases for existing and new programs.

March 21, 2011

TCA Supports Electronic Logs

SAN DIEGO — An industry consensus appears to be emerging in support of electronic logging devices to monitor driver hours but not truck performance, as the Truckload Carriers Association endorsed that technology last week and American Trucking Associations moved in the same direction.

March 21, 2011