IdleAire Technologies Corp., a designer of anti-idling systems for long-haul trucks at truck stops, has filed for Chapter 11 bankruptcy, but its facilities will remain open to truckers, the company said Friday.
May 19, 2008Search
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Contrans’ First-Quarter Income Declines
Canadian firm Contrans Income Fund said Tuesday its first-quarter income fell to C$5 million, or 17 cents per unit, from C$8.1 million, or 28 cents, a year ago.
May 13, 2008Oil Hits Intraday Record, Near $127 a Barrel
Crude oil hit a new intraday record Tuesday near $127 a barrel, and heating oil futures also hit a record, Bloomberg reported.
May 13, 2008Letters to the Editor: Border Program, Gas Tax Reality, Unpaid Miles, Fuel Prices
I agree with Secretary of Transportation Mary Peters: Congress should continue the cross-border program between the United States and Mexico.
May 12, 2008Court Upholds Graves Amendment on Liability
The New York Court of Appeals has upheld the constitutionality of a federal law, known as the Graves Amendment, that bars claims against leasing companies because of actions of equipment lessees.
May 12, 2008PHMSA Proposes Hazmat Fee Increase
The Pipeline and Hazardous Materials Safety Administration proposes to more than double the registration fee for companies hauling hazardous materials — to $2,500 a year.
May 12, 2008Cummins Sees Continued Strong Growth in 2008
Diesel engine maker Cummins Inc. is on pace for a fifth consecutive year of record sales and profits in 2008 and is poised for “significant further growth over the next several years,” Chairman and Chief Executive Officer Tim Solso told shareholders at the company’s annual meeting Tuesday.
May 13, 2008Trimac’s 1Q Earnings Decline
Canada-based transportation firm Trimac Income Fund said its first-quarter net earnings fell to C$600,000, or about 2 cents per unit, from C$1.5 million, or 5 cents, a year ago.
May 13, 2008Private Equity Firm Buys Atlanta Carrier
Private equity firm Navigation Capital Partners said Monday it has acquired James Brown Contracting and subsidiaries Brown Trucking Co. and JBT Brokerage.
May 12, 2008UPS Freight Improves Transit Times from Southeast
UPS Freight said Monday it has reduced transit times on nearly 1,000 traffic lanes originating in Southwest and Southeast metropolitan areas to points across the United States.
May 12, 2008