LONDON, Sept 18 (Reuters) – The United States is boosting access to commercial products tankers as part of a security drive to safeguard oil shipping for its armed forces in times of crisis, a…
https://gcaptain.com/us-governments-plan-to-boost-oil-tanker-fleet-nears-full-effect/
Publicly traded cargo airline Atlas Air said Tuesday the Department of Transportation has signed off on its sale to private investors and that it expects to finalize the deal Friday.
A private equity consortium led by Apollo Global Management (NYSE: APO) agreed in early August to buy Atlas Air Worldwide Holdings (NASDAQ: AAWW) for $5.2 billion, including $2.2 billion in debt. Apollo’s partners are J.F. Lehman & Co. and Hill City Capital. Analysts expected the sale would be finalized early this...
https://www.freightwaves.com/news/dot-approves-private-equity-buy-of-atlas-air-company-says
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The post Daily Infographic: DOT wants railroads to take immediate actions to address safety appeared first on FreightWaves.
The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced the availability of more than $12 million for the newly-renamed United States Marine Highway Program (USMHP), formerly known as the America’s Marine Highway Program. “America’s waterways serve as critical links in our nation’s supply chains,” said U.S. Transportation Secretary Pete Buttigieg. “These investments in our marine highways will help to strengthen our supply chains, reduce emissions, and create jobs...
The U.S. Department of Transportation and the State of New York today announced the expansion of local law enforcements’ jurisdiction to the campus of the U.S. Merchant Marine Academy (USMMA) in Kings…
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FreightWaves owner-operator survey data
(Source: FreightWaves Research — June 2022)FreightWaves recently conducted a survey of owner-operators outlining business issues and outlooks on profitability in 2022 compared to the previous year. The survey included 76 owner-operators and a majority of those polled, about 70%, hauled dry van trailers.
What stood out most in the data was the reported worsening conditions facing owner-operators. Just over 35% of those surveyed indicated the lowest...
For the first time, Federal Motor Carrier Safety Administration officials last year began issuing motor carrier safety ratings based on off-site reviews. While the chances of an auditor showing up on your doorstep is diminishing, the rise in off-site audits opens up a new threat to carriers. And with safety ratings now being issued based on these audits, the stakes have never been higher.
“While a motor carrier’s chance of being selected for an audit is lower than in the past, the potential...
https://www.freightwaves.com/news/jj-keller-advice-on-surviving-fmcsa-safety-audit
The general counsel for the National Labor Relations Board (NLRB) has set its sights on independent contractor misclassification under the National Labor Relations Act (NLRA). Significantly, the initial target for implementing this new enforcement strategy was a group of affiliated transportation, logistics and brokerage companies. The general counsel recently issued a complaint against these affiliated transportation companies, alleging that they were joint employers who violated the NLRA by...
