The Department of Transportation’s freight transportation services index for December fell 0.1% from a year earlier, DOT said Wednesday.
February 13, 2008Business, Logistics
NATSO Launches New Program Focusing on Truck Stop Safety
LAKE BUENA VISTA, Fla. — NATSO, the national trade group representing truck stops and travel plazas, unveiled a new public education program here Jan. 24 as a way to help truck stops address drivers’ concerns, such as safety.
February 13, 2008Business, Safety, Government
DOT Freight Index Drops
Business
DHL to Cut 600 U.S. Jobs
DHL Express USA will cut 600 jobs to reduce costs, as a slowing U.S. economy dampens package shipment demand, Bloomberg reported.
February 13, 2008Business
Velocity Express’ Fiscal 2Q Loss Narrows
Velocity Express said Wednesday it lost $10.7 million, or $3.82 a share, in its fiscal second quarter ended Dec. 29, compared with a loss of $15.2 million, or $9.16, a year earlier.
February 13, 2008Government, Business, Safety
Rush Reports Lower 4Q Earnings
Truck dealership Rush Enterprises said its fourth-quarter earnings dipped to $12.3 million, or 32 cents a share, from $15.9 million, or 42 cents, for the previous fourth quarter.
February 13, 2008Business, Government
Retail Sales Rise 0.3% in January
Retail sales rose 0.3% in January, the Commerce Department said Wednesday.
February 13, 2008Business, Technology
Railroads Investing in More Upgrades, Journal Reports
U.S. railroads are making big investments in their networks, having spending $10 billion to expand tracks, build freight yards and buy locomotives since 2000, and are planning an additional $12 billion in upgrades, the Wall Street Journal reported Wednesday.
February 13, 2008Business, Safety, Government
Court Hears Arguments on Mexican Trucks Program
A federal appeals court heard arguments Tuesday whether the Bush administration can go ahead with the Transportation Department’s Mexican trucks pilot program, the Associated Press reported.
February 12, 2008Business, Fuel, Government
DOE Lowers Diesel-Price Outlook
The Department of Energy lowered its outlook diesel prices, saying that prices would peak in April and May at just over $3.30 per gallon before tailing off to near to $3 later in the year.
February 12, 2008Business, Safety
GAO Cites Risks to Public-Private Partnerships
While there are some benefits, the risks associated with public-private highway partnership agreements range from higher tolls and traffic diversion to political trade-offs and potential tax losses, according to a report issued by the Government Accountability Office.
February 12, 2008