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More than half of carriers consider buying or selling a firm, survey says

Looking ahead, more than half of motor carriers said they would be interested in buying or selling a firm, according to the recent Second Quarter Business Expectations Survey by Transport Capital Partners (TCP). Larger carriers (more than $25 million revenue) are twice as likely to be interested in buying as are their smaller counterparts....

ATA Truck Tonnage Index
advances 2.8% in June 2011

The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.8% in June 2011 after decreasing a revised 2.0% in May 2011....

Carriers split on adequacy of ROR
to reinvest in equipment, survey finds

Carriers split almost 50/50 when asked if they are getting an adequate rate of return (ROR) on their investment to justify reinvesting in equipment in the recent Second Quarter Business Expectation Survey by Transport Capital Partners (TCP)....

CIT orders 5,000 railcars for ag, fuels, oilfield applications

CIT Group Inc, a global leader in transportation finance, today announced that CIT Rail, the third largest railcar lessor in North America, ordered 5,000 railcars from multiple manufacturers...

Atlas Oil begins hauling, transloading crude oil in Odessa TX

Atlas Oil Company has begun transloading crude oil for a major refiner at its newest transloading facility in Odessa TX. In its initial phase, Atlas is transloading 30,000 barrels per month, but the site is expected to handle up to 90,000 barrels a month in the future...

TransMontaigne, BKEP building new crude storage in Cushing OK

TransMontaigne Partners LP (TLP) and Blueknight Energy Partners LP (BKEP) announced agreements for the construction and operation of one million barrels of crude oil storage adjacent to BKEP’s Cushing OK facility...

Texas Gov Rick Perry signs natural gas bills at Peterbilt plant

With Peterbilt’s Denton TX factory as a backdrop, Texas Governor Rick Perry recently signed into state law three Texas bills promoting natural gas initiatives in the state. One of the bills would promote an aggressive expansion of natural gas fueling facilities in the section of the state called the Texas Triangle—Austin, Dallas/Fort Worth, Houston, and San Antonio...

Oiltanking Partners LP prices initial public offering

Storage terminal operator Oiltanking Partners LP, a Delaware limited partnership, announced an initial public offering of ten million common units representing limited partner interests priced at $21.50 per unit. The common units began trading under the ticker symbol "OILT" on the New York Stock Exchange on July 14...

Trucking groups call for Congress to limit redundant security rules

The American Trucking Associations and National Tank Truck Carriers are asking Congress to direct the Transportation Security Administration to work with industry rather than issuing excessive, burdensome, and duplicative security rules...

MN budget battle puts truck drivers at risk
, By Charles E Wilson

When Minnesota's tax-and-spend governor couldn't get his way with the state legislature, he shut down virtually the entire state government. That included shuttering 62 rest stops along Interstate Highways running through the state...

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