The United States would need to spend $101 billion per year, plus inflation, to maintain its existing highway system over the next 20 years, the Department of Transportation estimated.
March 20, 2012Business
Mica Seeks Temporary Extension for Transportation Funding
WASHINGTON — House Transportation Chairman John Mica (R-Fla.) said Tuesday that a temporary extension will be unveiled as early as Wednesday and voted on next week in order to keep highway projects and public transit from shutting down at the end of March.
March 20, 2012BusinessFuel
Diesel Rises 1.9¢ to $4.142; Price Is Highest Since August 2008
Diesel rose 1.9 cents to $4.142 a gallon, its highest price since the record-setting summer of 2008, while gasoline also rose, the Department of Energy reported.
March 20, 2012Business
Housing Starts Fall 1.1% in February
Housing starts declined 1.1% in February from a three-year high a month earlier, the Commerce Department said Tuesday.
March 20, 2012BusinessTechnology
WebTech Wireless' Fourth-Quarter Loss Narrows
WebTech Wireless, a supplier of GPS location-based and fleet telematics services, reported a fourth-quarter loss of C$934,000, compared with a loss of C$8.2 million a year earlier.
March 20, 2012Business
Early Spring Prompts Secondary Road Bans on Heavy Trucks
Heavy trucks are being temporarily banned from thousands of miles of secondary roads across northern New England with the early arrival of spring, the Associated Press reported Monday.
March 20, 2012Business
UPS Announces TNT Acquisition
UPS Inc. said Monday it will acquire Netherlands-based TNT Express, after boosting its offer for the Dutch package firm to 9.5 euros per share, from a previous 9 euros per share.
March 19, 2012Business
Daimler Boosts Stake in Russian Truck Maker
Daimler AG plans to increase its stake in Russia’s largest truck maker as part of its target of a 64% rise in truck sales by the end of the decade, Bloomberg reported Monday.
March 19, 2012Business
Moving Industry Prepares to Meet Challenges of Driver Shortage, Military Outsourcing
The moving industry faces a critical shortage of drivers, and officials at the American Moving & Storage Association said they are preparing a program to do something about it.
March 19, 2012Business
Snow Storm Closes 180-Mile Stretch of I-40 in Arizona
Arizona authorities closed a 180-mile stretch of Interstate 40 Sunday after a big snow storm hit the state, news services reported.
March 19, 2012