The Highway Trust Fund needs an $8 billion transfusion from the U.S. Treasury鈥檚 general fund in order to avoid an imminent deficit, Transportation Secretary Mary Peters said Friday during a conference call.
September 5, 2008Search
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Trailer Sales Nosedive in 鈥08; Fleets 鈥楯ust Aren鈥檛 Buying鈥
Trailer makers say they are suffering through one of the largest downturns in their history 鈥 鈥渢he longest down-cycle鈥 ever, said one executive 鈥 forcing layoffs, production cuts and a search for new products.
September 8, 2008ISM Services Index Shows Expansion in August
The U.S. economy鈥檚 service sector expanded in August following two straight months of contraction, the Institute for Supply Management said Thursday.
September 4, 2008Mass. Restricts Trucks on Part of 鈥楤ig Dig鈥 Project
The Massachusetts Turnpike Authority is placing a weight limit for trucks on the Leverett Connector in Boston, related to the city鈥檚 $15 billion 鈥淏ig Dig鈥 construction project, the Associated Press reported.
September 4, 2008Initial Jobless Claims Rise for Week
Initial jobless claims rose by 15,000 last week to 444,000, the Labor Department said Thursday.
September 4, 2008Second-Quarter Productivity Rises 4.3%
Second-quarter U.S. worker productivity rose at a 4.3% annual rate, more than previously estimated, the Labor Department said Thursday.
September 4, 2008Navistar Reports $272 Million 3Q Profit
Navistar International Corp. earned $272 million for its fiscal third quarter and boosted its full-year earnings forecast, the company said late Wednesday.
September 4, 2008Rail, Intermodal Traffic Decline
Rail and intermodal traffic both declined for the week ended Saturday compared with a year ago, the Association of American Railroads said.
September 5, 2008American Axle to Produce Commercial Truck Parts
American Axle & Manufacturing Holdings will expand a factory in Michigan to build more parts for large commercial trucks, reducing its reliance on General Motors Corp. for business, Bloomberg reported Thursday.
September 4, 2008ATA Launches Business Solutions Unit
American Trucking Associations Wednesday launched ATA Business Solutions, a line of information products, business tools, services, training programs and conferences designed to address critical issues affecting trucking-related companies.
September 3, 2008