The Department of Transportation said its freight transportation services index jumped 6.9% in January from a year earlier, and sharply revised upward the reading for 2010.
March 9, 2011Business
Experts Say Outlook for Brokers Is Positive Despite Tightening Margins, Cost Pressures
ORLANDO, Fla. — The outlook for brokerage firms is mostly positive, despite compressed margins and inflationary cost pressures, industry officials and analysts said.
April 18, 2011Business, Government
N.Y. Factory Index Expands at Fastest Rate in a Year
Manufacturing activity in the New York region expanded at the fastest rate in a year in April, the Federal Reserve Bank of New York said Friday.
April 15, 2011Government, Business
DOT’s Proposed $129 Billion Budget Is Part of Six-Year Transportation Plan
President Obama’s proposed $129 billion Department of Transportation budget is for the first year of a comprehensive six-year transportation plan that will lay a new foundation for economic growth and competitiveness by rebuilding the nation’s transportation systems, DOT said Monday.
February 14, 2011Business
DOT Freight Transportation Index Rises 0.4%
The Department of Transportation’s freight transportation services index increased 0.4% in December from a year earlier, the 12th straight year-over-year gain.
February 9, 2011Government, Business
Truckers Hauled Vast Majority of Freight During 2007, New U.S. DOT Analysis Finds
Trucks hauled the vast majority of freight in the United States, according to the Department of Transportation’s Bureau of Transportation Statistics.
February 7, 2011Business, Government
NITL, Retailers Ask Congress for Legislation Repealing Ocean Liners’ Antitrust Immunity
More than two dozen retail and shipper organizations, including the National Industrial Transportation League and the National Retail Federation, have urged congressional leaders to advance legislation that repeals the antitrust immunity that ocean liner carriers have enjoyed since 1916.
January 31, 2011Business
DOT Freight Transportation Index Rises 0.1%
The Department of Transportation’s freight transportation services index rose 0.1% in November from a year earlier, the 11th straight year-over-year gain.
January 12, 2011Business
Federal Funds Helped States Pay for Transportation Work in 2010
Fallout from the recession continued to dominate states’ transportation decisions during 2010, as some federal money flowed in, but tax revenues for many remained depressed.
December 30, 2010Business, Government
NITL Upset With FMC Over Investigation
The National Industrial Transportation League expressed “profound disappointment” over an investigation by the Federal Maritime Commission into numerous U.S. importer and exporter complaints of “perceived malpractices” by ocean carriers that caused supply-chain service disruptions and rate and surcharge increases from in 2009 and 2010.
December 20, 2010