Pennsylvania Gov. Tom Corbett this week introduced a plan to week that would rely on a tax of oil companies to inject billions of dollars into the state’s transportation system while cutting taxes at the gas pump.
The American Trucking Associations reiterated its call for the Federal Motor Carrier Safety Administration to immediately establish a process to remove from motor carriers’ records crashes where it was plainly evident that the carrier was not to blame.
FTR’s Trucking Conditions Index for December came in with a reading of 8.38, which the transportation forecasting group says is reflective of the current good environment for truckers.
Several equipment makers released their latest financials this week, with some showing signs of slowing sales and concerns about the future and others at the opposite end of the spectrum. That was the sentiment coming from Cummins, Wabash National, Daimler and Volvo.
Three more carriers released their earnings reports. Con-way's fourth quarter profit took a big decline but was up for the year, while Roadrunner Transportation broke through the $1 billion revenue barrier in 2012 and Old Dominion Freight Line posted record numbers.
Atlanta-based A-1 Express, a nationwide same-day courier and transportation service provider, is getting into the long-distance freight business.
Congestion has a price, and for the trucking industry, It's billions of dollars lost. The total financial cost of congestion in 2011 was $121 billion, up one billion dollars from the year before and translating to $818 per U.S. commuter. Of that total, about $27 billion worth was wasted time and diesel fuel from trucks moving goods on the system.