Transportation News for Sept. 13 – Sept. 19

Trucking Association begins to build new HQ

Construction has begun on a 10,000-square-foot headquarters for the California Trucking Association at 4148 East Commerce Way near Arco Arena in Natomas.

Truckers for McCain

It’s an unofficial poll, but a site for truckers, finds that Sen. John McCain is the industry’s fave over Sen. Barack Obama, 67 to 27 percent.

FedEx’s 1Q Profit Slips 22%; Express to Boost Rate 4.9%

FedEx Corp. said Thursday its fiscal first-quarter profit slipped 22% from a year ago on higher fuel costs and declining demand for express shipments, and said its express unit will boost rates by a net 4.9% next year.

US House votes to end Mexican truck program

The U.S. House of Representatives defied a White House veto threat on Tuesday by voting to end a controversial pilot program that gives long-haul commercial trucks from Mexico full access to U.S. highways.

Washington State Expands Freight Route

The Snoqualmie Pass corridor carries some 27,000 cars and trucks a day, the Washington Department of Transportation said, including freight to and from the Port of Seattle. The plan will expand daily capacity to 51,000 vehicles, including 19,000 trucks.

Analyst: Truckers YRC, Swift risky in shaky market

Longbow Research analyst Lee Klaskow said in a telephone interview that privately-held Swift Transportation Co. is likely at the most risk in the current shaky markets. The Phoenix-based company was taken private last year through a leveraged buyout by its founder, Jerry Moyes.

ATA economist: circumstances of current crisis make impact on trucking hard to predict

“We (ATA) can’t do an economic model and put in a variable for like what happened to AIG. You just don’t model those things, which makes it more difficult to know exactly what’s out there on the horizon.”

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