The chairman of the transportation committee of the U.S. House of Representatives wants Congress to increase the funding available for highway and infrastructure projects to about $500 billion, almost twice the current allocation, Bloomberg reported.
March 31, 2008Search
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Smid to Succeed Skarka as President of Yellow Transportation
Less-than-truckload carrier YRC Worldwide said Monday that Maynard Skarka is retiring as president of Yellow Transportation and will be replaced by Mike Smid, president of YRC’s North American Transportation unit.
April 1, 2008Accuride, Benecor to Distribute Urea
Accuride Corp., a maker of wheels, chassis parts and seat assemblies for commercial trucks and trailers, said it will form a joint venture with Benecor Inc. to distribute diesel exhaust fluid, or urea, at truck stops, fuel stations and fleet locations.
March 31, 2008Editorial: Technological Solutions
Little wonder that fuel efficiency was a major focus of equipment and service vendors exhibiting at the Mid-America Trucking Show last week.
March 31, 2008Diesel Declines 2.5¢ to $3.964; Gasoline Climbs to Record $3.29
Diesel’s national average pump price saw its first decline in two months, falling 2.5 cents Monday to $3.964 a gallon, the Department of Energy reported.
April 1, 2008NAFTA Surface Trade Jumps 7.4%
Surface trade among the United States, Canada and Mexico jumped 7.4% in January from a year earlier, the Department of Transportation said Monday.
March 31, 2008Intermodal Falls 5.2% for Week
Rail intermodal traffic fell 5.2% for the week ended Saturday compared with a year ago, the Association of American Railroads said.
March 28, 2008Consumer Confidence Falls to 16-Year Low
U.S. consumer confidence fell this month to a 16-year low, according to the Reuters/University of Michigan monthly consumer sentiment index, released Friday.
March 28, 2008UTI Worldwide’s Fourth-Quarter Earnings Decline
Air and ocean freight forwarder UTi Worldwide said its fiscal fourth-quarter profit fell 20% to $18 million, or 18 cents a share, including a restructuring charge that cut earnings by 6 cents a share.
March 28, 2008Personal Spending Rises 0.1%
Consumer personal spending rose in February at the slowest pace in more than a year, the Commerce Department said Friday.
March 28, 2008