The Senate has passed a two-year, $109-billion bill to fund the nation’s highways and public transit system.
March 14, 2012BusinessLogistics
CSA, Other Government Regulations to Be TIA’s Focus at Texas Meeting
The Transportation Intermediaries Association will focus its attention on government regulation, particularly the Compliance, Safety, Accountability program, when the trade group convenes March 21-24 in San Antonio.
March 15, 2012BusinessLogistics
Port Logistics Teams With Joe Fresh
Port Logistics Group said it has signed a multiyear service agreement with Canadian food retailer Loblaw Cos., the parent of the Joe Fresh clothing brand.
March 15, 2012Special CoverageBusiness
Daimler Says Layoffs to Be ‘Significantly Lower’ Than Previously Announced
NASHVILLE, Tenn. — Martin Daum, president of Daimler Trucks North America, said the company’s previously announced layoffs at its production facilities will be “significantly lower†than the 1,300 jobs it had projected earlier this year.
March 14, 2012Business
DOT Freight Index Rises Year-Over-Year
The Department of Transportation’s freight transportation services index rose 1.6% in January from a year ago but slipped from an all-time high in December, DOT said Wednesday.
March 14, 2012Business
TravelCenters’ Fourth-Quarter Loss Narrows
TravelCenters of America said Thursday that its fourth-quarter loss narrowed to $2.5 million, or 9 cents per share, from $30 million, or $1.71 per share, a year ago.
March 14, 2012BusinessFuel
Oil Rises as Diesel Inventories Decline
Oil rose Wednesday following a Department of Energy report that showed diesel supplies fell sharply last week, Bloomberg reported.
March 14, 2012Special CoverageBusiness
Navistar Reports Smaller 1Q Loss; Names Troy Clarke CEO
Navistar International Corp. said its first-quarter loss declined from a year ago, and the company named Troy Clarke its new CEO, replacing Lewis Campbell, who is stepping down.
March 14, 2012Special CoverageBusinessEquipment
Cummins, Eaton Unveil Heavy-Duty Powertrain
Engine maker Cummins Inc. and component manufacturer Eaton Corp. unveiled a new powertrain package for the North American heavy-duty truck market that they said will boost fuel economy by 3% to 6%.
March 14, 2012Business
Import Prices Rise 0.4% in February
The price of goods imported to the United States rose 0.4% in February, the Labor Department said Wednesday.
March 14, 2012