The Department of Transportation’s freight transportation services index rose 1.9% in August from the same month a year ago, DOT said Wednesday.
October 8, 2008Search
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Freight Demand Likely to Decline Into ’09, Analyst Says
Freight demand for U.S. trucking companies is likely to decline as credit stays tight, a Wachovia Corp. economist said at American Trucking Associations’ annual meeting in New Orleans, Bloomberg reported.
October 7, 2008ATA Says Infrastructure Is Top Priority in Year Ahead
New legislation to boost U.S. infrastructure — roads, highways and bridges — will be American Trucking Associations’ top priority in the coming year,  the Associated Press reported.
October 7, 2008Ryder to Acquire Canadian Firms with Chinese Operations
Ryder System said it will acquire Transpacific Container Terminal Ltd. and CRSA Logistics Ltd., as well as CRSA’s operations in Hong Kong and Shanghai, China.
October 6, 2008Goldman Sachs Buys Stake in American Traffic Solutions
Goldman Sachs, which recently announced that it will convert into a federally regulated bank holding company, has purchased a minority stake in closely held American Traffic Solutions, a Scottsdale, Ariz., provider of electronic toll payment and video-based traffic enforcement systems.
October 6, 2008TransCore Introduces New Transponder To Work With Electronic Toll Systems
TransCore, a provider of radio-frequency identification devices, introduced a new transponder that is compatible with multiple electronic toll-collection systems.
October 6, 2008Accellos Acquires Prophesy Software
Accellos Inc., Colorado Springs, Colo., a provider of warehousing and logistics management software, said it acquired Prophesy Transportation Software of Bloomfield, Conn., for an undisclosed amount.
October 6, 2008Qualcomm Offers In-Cab Scanning
Qualcomm Inc. added an in-cab scanning service to its mobile computing system, and launched a new reporting module designed to help carriers monitor how much fuel their drivers are burning, the company said last week.
October 6, 2008ISM Services Index Declines in September
The U.S. economy’s service sector declined but showed expanded in September, the Institute for Supply Management said Friday.
October 3, 2008Ports ‘Soft Launch’ Truck Plan with O-O Ban Still Unsettled
The California ports of Los Angeles and Long Beach formally launched their clean-trucks programs last week without any apparent major glitches, although activity at some terminals was initially reported to be lighter than usual, with fewer trucks showing up at the gates.
October 6, 2008