Drivers waste nearly an entire work week each year sitting in traffic on the way to and from their jobs, according to a national study released Tuesday, the Associated Press reported.
September 18, 2007Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Fed Lowers Key Interest Rate to 4.75%
The Federal Reserve Tuesday voted to lower the benchmark U.S. interest rate by half a percentage point to 4.75%, the first reduction in four years.
September 18, 20072Q Driver Turnover Rate Drops
Driver turnover rates for large truckload carriers fell for the first time in a year in the second quarter, American Trucking Associations said Tuesday.
September 18, 2007Navistar Wins $71.5 Mln. Military Contract
Truck and engine maker Navistar International Corp. said its military affiliate, International Military and Government LLC, won a $71.5 million contract from the U.S. Marine Corps to provide parts support for the Corps’ International MaxxPro mine-resistant ambush-protected vehicles.
September 14, 2007TransForce Signs Deal to Purchase Courier
Canadian transportation and logistics firm TransForce Income Fund said it had signed a definitive agreement to buy Century II Holdings, which owns courier company Information Communication Services.
September 17, 2007First U.S. Truck Rolls Past Mexico Border Zone
The first U.S. truck to drive deep into Mexico rolled into that country on Friday, and a Mexican trucking group said it had concerns about the cross-border program, the Associated Press reported.
September 17, 2007New York Manufacturing Index Declines
Manufacturing growth in New York state declined in September, the Federal Reserve Bank of New York said Monday.
September 17, 2007GAO Faults FMCSA on Trucking Fines
Trucking regulators do not always use the maximum fines on trucking companies found with serious safety violations, according to the Government Accountability Office, Bloomberg reported.
September 17, 2007Diesel Price Gains 3.1¢ to $2.924
The national average price of diesel fuel hit its highest level in more than a year last week following a 3.1-cent increase to $2.924 a gallon, while crude oil closed at more than $80 a barrel for the first time.
September 17, 2007Senate Blocks Funds for Mexican Truck Pilot Plan
The Senate last week stripped funding for the Transportation Department’s cross-border trucking program from DOT’s budget just days after the first Mexican truck was allowed to deliver freight to a destination in the United States.
September 17, 2007