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SEC Issues Guidelines to Help Companies Assess Effects of Climate-Change Laws, Rules
The Securities and Exchange Commission for the first time has voted to issue guidelines to help public companies decide whether climate change laws and regulations will have a material effect on their businesses.
February 8, 2010Cummins Enjoys 4th-Quarter Boost in Engines
Two manufacturers that supply parts to international truck makers reported improved results for the fourth quarter, with engine maker Cummins Inc. increasing profits and component maker ArvinMeritor Inc. eliminating a large loss and breaking even.
February 8, 2010TMC Meeting Offers ‘Glimpse’ Of Technology, Fleet Guidance
Fleet maintenance professionals in Tampa, Fla., are taking in a glimpse of future trucks while discussing tips for management in the present at the Technology & Maintenance Council annual meeting, through Feb. 12.
February 8, 2010Obama Plan for High-Speed Rail Raises Concerns at Freight Firms
The Obama administration’s $8.5 billion plan to advance U.S. high-speed rail programs is being questioned by trucking interests and the freight railroads whose tracks would host most of the new services, officials in both industries said.
February 8, 2010Report Says Thefts Rising, But Fleets Question Data
Cargo theft increased sharply in 2009, according to an international insurer and a security firm, although two major carriers said they had experienced a drop in losses from theft and American Trucking Associations said good statistics were hard to come by.
February 8, 2010States May Not Enforce Ban on Texting, Law Officials Say
Law enforcement officials said they may not strictly enforce the Transportation Department’s recent ban on texting by commercial drivers until the government issues a specific regulation rather than reinterpretations of current rules, officials told Transport Topics.
February 8, 2010UPS Posts $757 Mln. Profit as Air Shipments Increase
UPS Inc. said it benefited from a sharp increase in December air shipments out of Asia and a busy holiday season to post profits for the fourth quarter and the full year.
February 8, 2010Bankrupt IdleAire Inc. Closes Down After 10 Years of Offering Idle-Reduction Facilities at Truck Stops
IdleAire Inc., which used federal funds to help build equipment to reduce truck-stop idling and increase drivers’ off-duty comfort, shut down abruptly on Jan. 29.
February 8, 2010DOT Budget Proposes $4 Billion for New Infrastructure Bank
The Obama administration last week proposed a $4 billion “down payment” on a national infrastructure bank to supplement traditional highway funding, as part of its $78.8 billion budget proposal for the Department of Transportation.
February 8, 2010Diesel Drops 5.2¢ to $2.781 in 3rd Straight Weekly Decline
The U.S. retail diesel average dropped 5.2 cents to $2.781 a gallon last week, the third straight weekly drop, the Department of Energy reported.
February 8, 2010