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Thursday, Sept. 4, 2008
Delphi Faces $82.5 million counterclaim (Wall Street Journal)
Hedge fund Appaloosa Management and other investors that pulled out of a deal to invest $2.55 billion into Delphi Corp. say the auto-parts supplier has to pay them an $82.5 million fee plus expenses.
Lynden becomes first Alaskan truck company to join SmartWay (MarketWatch)
Lynden Transport announced today it has joined the SmartWay Transport Partnership, becoming the first and only Alaska-based trucking company to qualify. Lynden Transport received the Environmental Protection Agency's (EPA) highest score of 1.25, or "Outstanding," in the Shipper Index Factor which assesses fuel and fleet efficiency and environmental performance.
Feds, automakers in talks about loans (The Detroit News)
The White House said Tuesday it was in discussions about a proposal to give the auto industry $25 billion in government-issued low-cost loans, a sign that automakers may be making progress in their effort to get financial assistance.
Priority Trucking shuts down (Chesterton Tribune)
Approximately 250 former employees of Priority Trucking—which began business as KAT Inc. and opened its Chesterton headquarters in 1983—are looking for jobs, after the majority stockholder in the holding company which acquired KAT in 1999 opted to liquidate its assets.
Green Shift plan to be changed to address trucker complaints (Trucknews.com)
A report suggests federal Liberal leader Stephane Dion will adjust his carbon tax proposal to include up to $1 billion in aid for truckers and other groups that would shoulder an unfair burden of his original carbon tax scheme.
NAFTA trade up from 2007 (CCJ)
Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 6.6 percent higher in June 2008 than in June 2007, reaching $74.1 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
Friday, Aug. 29, 2008
DOT Won’t Block DHL-UPS Air Deal (Transport Topics)
Transportation Secretary Mary Peters told Ohio Gov. Ted Strickland (D) she does not believe a plan by DHL Express to use UPS Inc. for its U.S. air cargo operations constitutes unfair competition.
June NAFTA trade up 6.6% from last year (Commercial Carrier Journal)
Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 6.6 percent higher in June 2008 than in June 2007, reaching $74.1 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.