House Removes Funding For Onboard Recorder Mandate
Congress on June 29 passed a highway spending bill that contains a mandate requiring electronic onboard recorders on commercial vehicles.
However, also Friday the U.S. House passed an amendment to transportation spending legislation, separate from the highway bill, that blocks funding for the Department of Transportation to develop or implement rules requiring EOBRs. The mandate apparently still exists and could be funded later.Read more
Navistar Adopts ‘Stockholder Rights Plan’
Navistar International Corp. on Wednesday, June 20, announced that its board of directors adopted what it terms a “stockholder rights plan” designed to deter coercive takeover tactics, including the accumulation of shares in the open market or through private transactions and to prevent an acquirer from gaining control of the company without offering a fair and adequate price to all of the company’s stockholders.Read more
Fewer Fleet Failures In 1Q
The trucking industry has experienced a strong recovery in 2012, as fewer trucking companies have failed in the first quarter of 2012 than in recent years, according to the Paragon Report, which examines investment opportunities in the trucking industry. Companies who have survived the recent recession will be well-positioned to profit going forward, the report finds.
Shell, TA Agree To Provide LNG Option
Shell on Thursday, June 7, announced that the company and its affiliates have signed a memorandum of understanding with TravelCenters of America to sell liquefied natural gas to heavy-duty road transport customers in the United States through TA’s existing nationwide network of full-service fueling centers.Read more
Diesel Particulate Pollution Down 50%
The California Air Resources Board last week heard the research findings from six experts describing the potent and near-term contribution to climate change posed by black carbon, methane and hydrofluorocarbons. The scientists also explained that reducing emissions of these short-lived global warming compounds would be a highly effective strategy to mitigate the impacts of climate change, especially in Arctic regions.Read more