Gevo prices at top of range for $107M in IPO
Reuters. Advanced biofuels and chemicals company Gevo, Inc. priced its IPO at the top of the expected range, selling 7.15 million shares for $15 each, raising $107.25 million. (Earlier post.)
Underwriters were led by UBS Investment Bank, Piper Jaffray …
Port leaders from Seattle, Moses Lake meet
Officials from the Port of Seattle and Port of Moses Lake are talking about how they can work together to promote economic growth.
US DOT releases results from NHTSA-NASA study of unintended acceleration in Toyota vehicles; electronics not at fault
The US Department of Transportation released results from a ten-month study of potential electronic causes of unintended acceleration in Toyota vehicles. The National Highway Traffic Safety Administration (NHTSA) launched the study last spring at the r…
TransCore Says Average Linehaul Rate Back to December Level of $1.55 per Mile
A 2.1 percent increase in flatbed rates nationwide brought the average line haul rate back up to December levels of $1.55 per mile, according to TransCore Truckload Trendlines, a weekly barometer for truck freight moved on the spot market.
Freight index up 1.5% in December
In 2010, the Freight TSI increased 0.4 percent.
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NYC tower damaged on 9/11 is finally down
A 41-story building that was damaged in the World Trade Center attack has finally been dismantled.
Vermont bill would impose idling restriction
A proposed rule to crack down on the unnecessary idling of trucks is up for consideration at the Vermont statehouse. OOIDA leadership encourages truckers in the state to be involved in the legislative process.
Virginia shelves I-395 toll plan but floats similar concept for I-95
Although officials with the Virginia DOT say they are giving up on a concept to add managed toll lanes to I-395, they have come forward with a new plan for a similar concept for a portion of Interstate 95. But don’t worry, truckers, you won’t be al…
Biden and LaHood promote high-speed rail
Vice President Joe Biden and Transportation Secretary Ray LaHood said this week that infrastructure plans must continue to promote high-speed rail projects. How these projects would be paid for remains an issue with highway users, including truckers wh…
How the heck did FMCSA wind up redoing HOS again?
Ever wonder why the Federal Motor Carrier Safety Administration seems to keep retooling the hours-of-service regulations? Well, sit back and kick up your feet. Because it’s a long story and starts back in 1995…