New Century Transportation Inc. has filed for bankruptcy, and the less-than-truckload and truckload carrier intends to sell its assets after closing its doors earlier this week.
June 12, 2014Search
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House Approves Fiscal 2015 Spending Bill, Blocks Increasing Minimum Insurance Levels
The GOP-led House last week narrowly passed a fiscal 2015 transportation funding bill, which included a measure to prohibit the Federal Motor Carrier Safety Administration from raising minimum liability insurance requirements for trucking and bus companies.
June 16, 2014DeFazio Unveils Proposal to Alter Fuel-Tax System
WASHINGTON 鈥 Rep. Peter DeFazio (D-Ore.) introduced a bill last week to replace the federal gasoline tax with a barrel tax on oil, eliminate the sales tax on truck tires and index the diesel tax to inflation.
June 16, 2014New Century鈥檚 Shutdown Leaves Workers Scrambling
New Century Transportation Inc., which reported $267 million in revenue last year but was plagued by funding problems, abruptly shut down and filed for bankruptcy last week, leaving nearly 1,600 workers scrambling to find new jobs.
June 16, 2014Feinstein Vows to Keep Fighting Senate鈥檚 HOS Restart Measure
With a fiscal 2015 transportation funding bill expected on the Senate floor this week, senior Democrats are gearing up to challenge a provision in the bill that would suspend last year鈥檚 changes to the hours-of-service restart rules.
June 16, 2014T&I Panel Hosts P3s Roundtable June 16
The House Transportation and Infrastructure Committee鈥檚 Panel on Public-Private Partnerships will hold a round table June 16 in New York City to explore the role financial institutions can have in infrastructure development projects.
June 12, 2014Newton Promoted by Arkansas Trucking Association
The Arkansas Trucking Association said June 11 it has promoted Shannon Newton to be its new president.
June 12, 2014D.C. Delegate Introduces Obama鈥檚 Transportation Bill
A Republican congressman and the nonvoting Democratic delegate from the District of Columbia have teamed up to introduce a bill in the House that incorporates President Obama鈥檚 $302 billion transportation funding plan to be paid for with corporate tax reform.
June 12, 2014Chicago Planning Agency Proposes Freight Fund for Infrastructure
The Chicago Metropolitan Agency for Planning unveiled a report that suggests creating a special metropolitan freight fund to pay for freight-related infrastructure improvements.
June 12, 2014Feinstein Emboldened by Wal-Mart Crash to Fight HOS Suspension Provision
Sen. Dianne Feinstein (D-Calif.) said she would 鈥渃ontinue to fight鈥 provisions in a fiscal 2015 transportation funding bill that would suspend for one year changes to the hours-of-service restart provision implemented last year by federal truck safety regulators.
June 11, 2014