Archive for August, 2016

DOT Finally Proposes Truck Speed-Limiter Rule

Federal safety regulators are proposing that heavy-duty vehicles be equipped with speed-limiting devices set to a specific maximum speed. A notice of proposed rulemaking was issued jointly on Aug. 26 by the National Highway Traffic Safety Administration and the Federal Motor Carrier Safety Administration.

California pushes forward Sustainable Freight Action Plan

Evolving from an Executive Order issued last year by Governor Edmund G. Brown Jr., and a draft version issued in May 2016, California has now released its Sustainable Freight Action Plan, a blueprint for moving the state’s multi-billion-dollar freight transport system into a more environmentally cleaner direction.

Container carrier losses could reach $10b in 2016

With 13 of the top 20 container lines reporting combined losses of $2.5 billion in the first half alone, industry losses will likely range from $8 billion to $10 billion for the full year, according to Lars Jensen, CEO of SeaIntelligence Consulting.