December 21, 2010: The Department of Transportation Friday proposed banning interstate truck and bus drivers from using hand-held cell phones while operating a commercial motor vehicle, and sets stiff fines for violators.
Drivers could face fines of up to $2,750 per violation — and loss of their commercial driver’s license for multiple offenses — while carriers’ fines could be as high as $11,000, DOT said.
Click here to read more at Transport Topics.
Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.
Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year. Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.
