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Emission Regulation * USA - Adds to Trucker’s Costs
USA Truck sees costs rising on truck engines due to 2010 standards
Van Buren,AR,USA -The Journal of Commerce Online, by John D. Boyd -Apr 26, 2010: -- Truckload carrier USA Truck says the new emission regulation that took place starting in January is affecting its equipment costs and replacement strategy... Chief Financial Officer Darron R. Ming said in a statement with the first-quarter earnings report that USA Truck increased its debt by $14.4 million since Dec. 31 to $118 million on March 31. That was to help fund a $19.2 million purchase, he said, of 191 replacement tractors with engines that were built before the end of last year... The company is still obligated to buy another 114 tractors, he said, and most will come in this current April-June period... Like many other transportation providers, USA Truck is seeing business improve this spring. It had 2,328 tractors and 7,214 trailers in service at the end of 2009...
Labels: rules and regulations
posted by Unknown @ 7:31 PM
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