GLG News by Intermodal Railcar Experts

  With gasoline and diesel fuel prices dropping sharply, there is concern that will dampen incentives for alternative fuels. The Internal Revenue Service is moving to add some tax incentives for producers of biodiesel fuels.   The IRS is making its intentions known in Notice 2008-100, which...

  The Teamsters union hierarchy has reached a tentative deal on wage concessions covering some 40,000 union members at YRC units Yellow Transportation, Roadway, USF Holland and New Penn.   The exact amount of the wage give-backs is not known yet. It is expected to be in the 10 to 15 percent...

  The seized-up credit markets have basically stalled the market for new Class 8 heavy trucks in this country. New Class 8 sales are projected to reach just over 111,000 this year, compared with a record sales year of 265,000 just two years ago.   Nearly every significant heavy truck fleet...

  The Teamsters union might soon be a major beneficiary of the Obama administration. The union, which has been struggling financially, might be able to extricate itself from a 20-year-long consent decree it signed with the Justice Department requiring federal oversight of its day-to-day financial...

 YRC Worldwide's decision to go to the Teamsters and request a wage concessions underscores the financial difficulties the nation's largest trucking company is facing.   YRC is under pressure from its lenders to reduce its debt load. It already has placed some of its terminals for sale as...

The AAR reported on Nov. 20th that the carload shipments for the previous week were 9.1% lower than the same period in 2007. This was the sixth straight week of decreasing carload totals, with traffic volumes falling to levels not seen in many years for non-holiday periods. What makes these numbers...

  A change of operations regarding cost-cutting moves at the Yellow, Roadway and USF units of YRC Worldwide has been formally approved by the Teamsters union.   More such changes are coming as YRCW stock drops to $1.20 per share, a 90 percent drop in a year and its lowest intraday trading...

  The Department of Transportation has decided to make it optional, rather than mandatory, for employers to require transportation workers be directly observed while providing urine specimens.   This is a victory for common sense. And probably for safety as well.   Talk about getting...

 A new index of global trucking and logistics companies claims to "rate" to top 10 worldwide companies.   The list includes some of the top names in both industries. A Wisconsin-based refrigerated trucking company, Marten Transport, tops the list even though it has a minuscule market capitalization...

An EPA Appeals Board has reversed an earlier EPA ruling permitting the construction of a new coal fired power plant in Vernal Utah. The latter had been issued without regard for the additional CO2 emissions the plant would added to the environment. The ruling was hailed as a victory by...