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FASB, IASB expected to enact simpler rules with limited impact on truck and trailer leasing
, By Rick Weber

PROPOSED changes in the lease accounting standards by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB)...

Dangerous Goods Instructor’s
Symposium set for September

Labelmaster’s sixth annual Dangerous Goods Instructor’s Symposium, set for September 28-30, 2011, is a must for trainers responsible for the instruction of dangerous goods shipping. The symposium will be held at the Peabody Hotel, located at 149 Union Avenue in Memphis TN....

Canadian Freight Index sets another record

TransCore’s Canadian Freight Index set another record for spot market freight volume with a month-over-month increase of 11%, despite February being a short month. ...

Transportation professionals recognize Don Schneider with President’s Award

When Don Schneider retired as president and chief executive officer of Schneider National in 2002, the entire transportation industry recognized the significance of the moment....

Buckeye to acquire BP terminals, pipelines

Buckeye Partners LP has signed a definitive agreement with BP Products North America Inc and its affiliates to acquire 33 refined petroleum products terminals with total storage capacity exceeding 10 million barrels and about 1,000 miles of refined petroleum products pipelines, including BP’s approximately 50% interest in Inland Corporation, for a total transaction purchase price of $225 million....

ATA Truck Tonnage Index
declines 2.9% in February

The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 2.9% in February 2011 after increasing a revised 3.5% in January....

Clean Energy signs agreement with Dillon

Clean Energy Fuels Corporation has signed an agreement with major contract freight carrier Dillon Transport to build, operate, and supply an LNG/CNG (liquefied natural gas/compressed natural gas) fueling station on Dillon-owned property in Dallas TX....

CVSA criticizes proposed HOS
changes as being too complex

In recently submitted comments on the Federal Motor Carrier Safety Administration (FMCSA) notice of proposed rulemaking (NPRM) on hours of service (HOS) for commercial drivers, CVSA indicated if implemented the proposed rules could have the unintended consequence of reducing overall commercial motor vehicle (CMV) and motorist safety. According to CVSA, the changes could make roadside enforcement more complex and open the door toward more drivers falsifying their records. ...

America’s back on the road
to gridlock, study reveals

INRIX has released its fourth annual INRIX National Traffic Scorecard revealing gridlock and longer commute times returning to America’s roads. Traffic congestion increased nationwide for 11 consecutive months in 2010 with drivers experiencing increased traffic congestion nearly every hour of the day. The 150-plus-page report is available as a free download at http://inrix.com/scorecard/....

Shippers Condition Index remains in low territory

As reported in the March 2011 issue of FTR’s Shippers Update, the firm’s Shippers Condition Index (SCI) remained in low territory in February with a value of –5.2. FTR expects the index to fall further as the outlook for capacity shortages worsen in the seasonally strong spring months....