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Engine Makers Group Files Lawsuit Against CARB
The Engine Manufacturers Association said it filed a lawsuit against the California Air Resources Board, seeking to overturn the agency’s requirement that engine manufacturers upgrade emission-reduction software on many trucks operating in the state.
April 4, 2005TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
N.Y. State to Hold Hearings on Toll Hikes
The New York Thruway Authority plans to begin public hearings Monday on a proposal to raise fees on the nation's longest toll road for the first time in 17 years, the Associated Press reported.
April 4, 2005Crude Oil Tops $58 a Barrel
Oil prices reached a record $58.28 high in intraday trading Monday before receding to close at $57.01, Bloomberg reported.
April 4, 2005Clarke Reports Fourth-Quarter, Annual Profit
Canadian holding company Clarke Inc. reported fourth-quarter earnings of about $430,000 or 7 cents a share, compared with a loss of $2.8 million or 40 cents a year earlier.
April 4, 2005Power2Ship Buys CXT
Power2Ship Inc., a technology company that provides supply-chain tracking and logistics information to trucking companies, said it purchased truckload carrier Commodity Express Transportation for an undisclosed sum.
April 4, 2005ISM Factory Index Falls to 55.2 in March
The Institute for Supply Management said Friday that its factory index slipped to 55.2 in March, down from 55.3 in February, though the sector continued to expand.
April 1, 2005Michigan Consumer Sentiment Index Drops
The University of Michigan’s final consumer sentiment index for March fell to 92.6, the lowest since October, following a 94.1 reading in February.
April 1, 2005Payrolls Rise by 110,000; Unemployment Drops to 5.2%
Employers added 110,000 workers to payrolls in February and the unemployment rate fell to 5.2% from 5.4% a month earlier, the Labor Department said Friday.
April 1, 2005Mullen Buys British Columbia Trucking Company
Canadian transportation firm Mullen Transportation Inc. said Friday it signed an agreement to acquire Tenold Transportation Services, based in British Columbia.
April 1, 2005Intermodal Volume Rises Slightly Following Holiday Week
The Association of American Railroads said intermodal volume rose 1.2% to 211,228 trailers or containers in the week ended March 26.
April 1, 2005