Safety
Transportation businesses face a host of dynamic risk issues that can significantly impact their financial and operational health. The news in this category focuses on the latest safety and security initiatives, resources and regulations and addresses topics that include fleet safety, claims administration, driver hiring and retention, risk management and compliance.
I-90 Reopened in Pennsylvania After 50-Vehicle Crash
State police said wreckage from a 50-vehicle chain-reaction crash was cleared and a 10-mile stretch of Interstate 90 east of Erie, Pa., was reopened shortly after 3 a.m. local time following a big snowstorm, the Associated Press reported.
January 26, 2007Swift Reports Lower 4Q Earnings; Full-Year Profit Rises
Truckload carrier Swift Transportation Co. said late Wednesday its fourth-quarter profit fell from a year earlier due to a “soft freight environment.”
January 25, 2007Ford Posts Big Losses for Fourth Quarter, Full Year
Ford Motor Co. lost $5.8 billion in the fourth quarter amid slumping sales and huge restructuring costs, pushing the No. 2 U.S. automaker’s s loss for the year to $12.7 billion, the largest in its 103-year history, the Associated Press reported.
January 25, 2007Knight Reports Record Fourth-Quarter, ’06 Income, Revenue
Truckload carrier Knight Transportation said late Wednesday that its revenue and income for the fourth quarter and full-year 2006 reached records.
January 24, 2007Canadian National Reports Higher 4Q Income, Boosts Dividend
Canadian freight railroad Canadian National Railway Co. reported its fourth-quarter net income rose 16% to C$499 million, with earnings-per-share rising to 95 cents.
January 24, 2007Critics Call Onboard Recorder Proposal Ineffective
The Transportation Department’s recent proposal to use electronic onboard recorders to monitor driver hours is “weak” and ineffective, safety advocacy groups said last week, while some trucking industry organizations applauded the plan.
Letter to the Editor: HOS Problems (Continued)
Click here to write a Letter to the Editor. The problem is not with the “black box,” it’s with the 14-hour rule. We are not children, we are professionals. So why doesn’t anyone understand the problem? We are always up against the wall when it comes to hours of service.
January 24, 2007Security & Safety Briefs — Jan. 18 - Jan. 24
Driver Gets Life in Smuggling Deaths • New Passport Rule Takes Effect • Okla. Study Cites Cellphone Accident Hazards • N.D. Lawmaker Wants 40-Mph Minimum on Interstates
January 24, 2007Swift Founder Jerry Moyes to Buy Company for $2.74 Billion
Swift Transportation Co. agreed late Friday to be acquired by company founder Jerry Moyes for $31.55 a share, or about $2.74 billion, the company said.
January 22, 2007Technology Briefs — Jan. 17 - Jan. 22
Georgia Weigh Stations to Use PrePass • Purolator Selects Software System from Carrier Logistics • Iowa Plans Internet Kiosks at Rest Stops • President to Address Global Warming in Tuesday Speech
January 22, 2007