The Department of Transportation said its freight transportation services index fell 14.8% in May from a year earlier to its lowest level in 12 years.
July 10, 2009Business, Government, Safety
YRC, Union Reach Tentative Deal to Save Cash, Give ‘Job Security’
YRC Worldwide said it has reached a new cost-cutting agreement with the Teamsters union and hired a financial adviser to work with key lenders as part of a broad effort to boost the carrier’s cash position.
July 13, 2009Business, Safety, Government
FHWA Chooses Deputy Administrator
Gregory Nadeau, a former official with the Maine Department of Transportation, was appointed deputy administrator of the Federal Highway Administration, the U.S. Department of Transportation announced July 1.
July 13, 2009Government, Business, Safety, Fuel
Navistar: EPA Conspired With SCR Engine Makers
Truck and engine manufacturer Navistar Inc. has accused the Environmental Protection Agency of attempting to remove documents from official records and allowing the Engine Manufacturers Association to write the draft of its selective catalytic reduction guidance document for 2010 “in secret collaboration with certain engine makers.â€
July 13, 2009Government, Business, Fuel
Obama Cabinet Members Go to Senate
The Senate last week kicked off debate on an energy bill that includes a controversial cap-and-trade provision to limit carbon emissions, summoning four top Obama administration officials to testify before the committee that will craft the Senate version of climate change and energy policy legislation.
July 13, 2009Business, Government
Import Prices Rise 3.2% in June
The price of goods imported to the United States jumped 3.2% in June, marking the fourth straight monthly increase, the Labor Department said Friday.
July 10, 2009Government
U.S. Trade Deficit Narrows in May
The U.S. trade deficit narrowed in May to the lowest level in almost a decade, the Commerce Department said Friday.
July 10, 2009Business, Safety, Government
DOT Freight Index Falls 14.8% in May
Government, Business, Safety
ATA Cites Infrastructure Needs Raised by Traffic Study
American Trucking Associations said the results of a new highway traffic congestion study highlight the importance of investing in U.S. highway infrastructure.
July 9, 2009Government
Wholesale Inventories Fall for Ninth Month
Wholesale inventories fell in May for the ninth consecutive month, the Commerce Department said Thursday.
July 9, 2009Government, Business, Safety
Traffic Delays Fell in 2007
U.S. drivers spent less time in traffic delays in 2007 for the first time in at least 25 years, a new study showed.
July 8, 2009