Container lessors spent $4 billion during 2010 to renew the box fleet and are expected to further increase spending the next two years, according to a new report from the Institute of International Container Lessors.
June 15, 2011Search
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Trucking Exec Testifies Against Proposed Changes to HOS Rule
Proposed changes to the federal hours-of-service rule are unwarranted and would harm small businesses nationwide, a trucking executive told a Congressional panel Tuesday.
June 14, 2011Cass Freight Index for May Shows 9.6% Increase in Shipments
The Cass Freight Index, which measures freight bills paid for shipments moved primarily by truck, rose 9.6% in May from the same month a year ago, but the latest report showed a slow-down in the growth pace tied to the economy.
June 14, 2011Retail Sales Decline for First Time in Almost a Year
Retail sales fell in May for the first time in 11 months, as automobile sales slumped, the Commerce Department said Tuesday.
June 14, 2011Producer Price Index Rises 0.2% in May
The producer price index rose 0.2% in May, the Labor Department said Tuesday.
June 14, 2011U.S., Mexico Reportedly Close to Signing Cross-Border Trucking Agreement
The United States and Mexico are close to signing a formal cross-border trucking agreement and could do so as early as this month, according to a Mexican government minister, Bloomberg reported.
June 14, 2011Maryland Proposes Raising Tolls on 7 Major Highways, Bridges, Tunnels
The Maryland Transportation Authority on June 2 proposed significantly increasing tolls over the next two years on seven highways, bridges and tunnels in the state.
June 14, 2011CTA Fuel Expert Challenges Biodiesel Claims
An expert hired by the Canadian Trucking Alliance is disputing claims made by the Canadian renewable fuels industry that diesel fuel buyers would save dramatically if the federal government proceeds with a proposed biodiesel mandate on July 1.
June 13, 2011Hub Group Buys Drayage Carrier Domestic Transport
Intermodal and logistics firm Hub Group Inc. said Monday it has acquired Pacific, Wash., drayage carrier Domestic Transport. Terms were not disclosed.
June 13, 2011iTECH: Roadside Electronics Track Vehicle Registration Data
Technology that can detect from the roadside whether a vehicle is current on its registration and insurance has been launched successfully on a small island nation and could be expanded to save North American cargo fleets some time on the road and in the back office.
June 13, 2011