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Freight Rail Volume Declines 15% for 2009 but Rises Slightly in Last 3 Weeks of Year

North American railroads ended 2009 with the largest annual percentage drop in freight traffic in six decades, but the carriers finished on a high note by topping 2008 levels for the final three weeks of last year.

January 18, 2010

Climate Bill Has 鈥楽lim鈥 Chance of Passage in Senate This Year, Hill Observers Say

WASHINGTON 鈥 The prospects of the Senate passing controversial cap-and-trade climate legislation in 2010 appear to be very slim, a panel of Washington insiders said last week.

January 18, 2010

Arrow Trucking Files Chapter 7; Bank Claims Fraud by Officers

Arrow Trucking Co., the flatbed carrier that abruptly shut down last month, filed for Chapter 7 bankruptcy Jan. 8, and its principal bank lender filed a lawsuit charging Arrow鈥檚 officers with fraud that the bank alleges cost it $12.5 million.

January 18, 2010

Oberstar Says Lack of Research Stalls Push for Heavier Trucks

WASHINGTON 鈥 The chairman of the House Transportation and Infrastructure Committee said he believes that a lack of good data on the effect of bigger trucks on the nation鈥檚 roadways has stalled any hope the trucking industry has of new legislation to change the current limits.

January 18, 2010

LaHood Sees Road Bill in 2010, but Funding Questions Remain

WASHINGTON 鈥 Transportation Secretary Ray LaHood said last week he expected the Obama administration and Congress would agree on a surface transportation bill that could be finalized before the end of the year.

January 18, 2010

DOE Awards $115.7 Million to Develop 鈥楽uperTruck鈥

The Energy Department last week announced grants totaling more than $187 million for projects to improve the fuel efficiency of heavy-duty trucks and passenger cars, including one aimed at producing a 鈥淪uperTruck鈥 that boosts fuel economy by 50% by 2015.

January 18, 2010

Diesel Hits 14-Month High

The average price of a gallon of retail diesel fuel in the United States rose 8.2 cents a gallon last week to $2.879, the highest level in 14 months, according to the Department of Energy.

January 18, 2010

FedEx Sets 5.9% LTL Rate Hike

FedEx Corp. said Friday its less-than-truckload units will boost rates by 5.9%, effective Feb. 1.

January 15, 2010

Industrial Production Rises 0.6%

Industrial production increased 0.6% in December, the Federal Reserve said Friday.

January 15, 2010

Consumer Price Index Climbs in December

The consumer price index rose 0.1% in December, the Labor Department said Friday.

January 15, 2010