Intermodal rail traffic in the United States fell 15.6% last week from the same week a year ago, the Association of American Railroads said in its weekly report.
September 4, 2009Business, Government
Freight Seen Remaining Weak Until Consumer Spending Rises
Fleets shouldn’t expect a pickup in freight business anytime soon, because wary consumers remain reluctant to spend and shippers continue to stock less inventory, fleet executives and industry experts said.
September 7, 2009Business, Government
Truckload Gains in August after Poor Second Quarter
After a grim season of second-quarter truckload earnings reports, robust August postings on a key freight load board hint the month just ended might be a turning point for the truckload sector.
September 7, 2009Business, Government, Safety
Public Citizen Again Challenges HOS Rule
Advocacy groups led by Public Citizen, once again taking the Federal Motor Carrier Safety Administration to court over its driver hours-of-service regulation, said increasing allowed driving time and allowing a reset of weekly hours have led to more fatalities caused by fatigued driving.
September 7, 2009Business, Fuel, Government
Diesel Rises 0.6¢ to $2.674 in Sixth Consecutive Increase
U.S diesel prices continued their summer-long climb last week, inching up 0.6 cent to $2.674 a gallon, according to the Department of Energy retail fuel survey.
September 7, 2009Business, Logistics
Union Pacific Building New Intermodal, Logistics Terminal
Union Pacific Corp. said its new Joliet (Ill.) Intermodal Terminal will support customer growth by boosting international and domestic container capacity and improving rail traffic efficiencies in the Chicago area, the nation’s largest rail center.
September 4, 2009Business
Unemployment Rate Hits 9.7% in Highest Level Since 1983
The U.S. unemployment rate rose to 9.7% in August, the highest rate since 1983, the Labor Department said Friday.
September 4, 2009Business, Safety, Government
Intermodal Traffic Falls for Week
Business, Government
Oil Falls Below $68 a Barrel
Oil prices fell to close below $68 a barrel Thursday on concerns over the economy, Bloomberg reported.
September 3, 2009Business, Safety, Government
DOT Inspector General Says More Needed on Mexican Truck Safety
The Department of Transportation said more work is needed to ensure the safety of Mexican trucks and buses awaiting permission to drive on U.S. roadways, the Associated Press reported.
September 3, 2009Business, Equipment
Daimler Sets Surcharges for 2010 Cummins Engines
Daimler Trucks North America said it will add a $9,000 surcharge to its 2010 trucks for customers who select independent manufacturer Cummins Inc.’s 2010 heavy-duty engine.
September 3, 2009