The Senate voted late Wednesday to add $8 billion to the federal highway trust fund, restoring solvency to an account that was running low on money needed to fund road and bridge projects around the country, the Associated Press reported.
September 11, 2008Search
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Retail Sales Fall 0.5% in August
Retail sales fell 0.5% in August, the Commerce Department said Friday.
September 12, 2008House Follows Senate in Approving $8 Billion for Highway Fund
A day after the Senate passed a bill to fund an $8 billion shortfall in the federal Highway Trust Fund, the House followed suit, voting 376-29 to approve a similar measure.
September 12, 2008Court Denies Calif. Port Stay; ATA Files Expedited Appeal
A federal judge last week denied American Trucking Associations’ request for a preliminary injunction against controversial portions of emission-reduction programs at the California ports of Los Angeles and Long Beach.
September 15, 2008Congress Refills Highway Fund
Congress, after an abrupt about-face by the Bush administration, moved quickly last week to transfer more than $8 billion into the Highway Trust Fund to keep the road-building finance program solvent.
September 15, 2008Trucking Companies Face Growing Cash Crunch as Shippers Struggle to Survive Downturn
Astronomic fuel prices are only part of the economic drag on trucking these days. Add the growing length of time on accounts receivables, more customer bankruptcies and the tightening of credit by suppliers and lenders, and it’s easy to see how carriers’ cash flow has ebbed.
September 15, 2008Import Prices Fall 3.7% in August
The price of goods imported to the United States fell 3.7% in August, led by declining oil prices, the Labor Department said Thursday.
September 11, 2008Initial Jobless Claims Fall for Week
Initial jobless claims fell by 6,000 last week to 445,000, but total unemployment benefits rolls rose to the highest level in five years, the Labor Department said Thursday.
September 11, 2008FHWA Denies Pennsylvania’s Plan to Toll I-80
The Federal Highway Administration said Thursday it has denied an application by the Pennsylvania Turnpike Commission to toll Interstate 80.
September 12, 2008Canadian Trucking Alliance Backs Call for Diesel Tax Cut
The head of the Canadian Trucking Alliance said an announcement by Prime Minister Stephen Harper that if re-elected he will cut the four cent per liter federal excise tax on diesel fuel in half was the right thing to do for the country’s truckers.
September 10, 2008