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P.M. Executive Briefing - Jan. 18

This afternoon's headlines: UPS in China package venture with sea lines; Insulin-using truckers fight to stay behind the wheel; and Three carriers merge to form The Expediting Co.

January 18, 2000

Idaho Ton-Mile Tax Trial Nears End

Closing arguments have been filed in a lawsuit challenging Idaho’s weight-distance tax, which the trucking industry hopes will end some exemptions for timber and mineral carriers.

January 18, 2000

A.M. Executive Briefing - Jan. 18

In the news this morning: Mexico halts plans to widen border highway; Covenant Transport expands staff, headquarters; and Hino Motors eyes partnership with U.S. truck maker.

January 18, 2000

Sutton Replaces Jeff at FHWA

Walter Sutton has been named acting deputy administrator of the Federal Highway Administration, replacing Gloria Jeff, who resigned earlier this month to rejoin the private sector.

January 18, 2000

Source: 12-2-10 Hours Proposal Coming

Long-haul truck drivers would be limited by new federal rules to 12 hours of driving and monitored by electronic recorders, according to a well-placed Transportation Department source.

January 18, 2000

Diesel Price Dips; Crude Rises

The national average price of diesel fuel dipped to $1.307 on Jan. 10, the first drop in three weeks, tracking a drop in crude oil prices to $24.23 a barrel on the New York Mercantile Exchange.

January 14, 2000

Forward Air Announces Stock Split

Forward Air Corp., a Greeneville, Tenn.-based carrier whose stock price has soared from $9.13 a share to $50.25 a share over the past year, has announced a 3-for-2 stock split.

January 14, 2000

NTE Gets $53M in Private Investments

Private firms kicked in $53 million toward the National Transportation Exchange's efforts to match empty long-haul trailers with shippers.

January 14, 2000

Third-Party Logistics Spending Up 16%

Spending on third-party logistics grew 16.5% to an estimated $46 billion in 1999, according to Armstrong & Associates, a research firm in Stoughton, Wis.

January 14, 2000

P.M. Executive Briefing - Jan. 14

This afternoon's headlines: Hub Group launches home delivery service; New Jersey nixes overtime pay for truckers; and Cushing elected to board of Trailer Bridge.

January 14, 2000