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DOT Sets $500 Million in Transportation ‘TIGER’ Grants

Transportation Secretary Ray LaHood Friday announced that 47 transportation projects in 34 states will receive almost $500 million in funding from DOT.

June 22, 2012

Road Bill Battle Continues as Funding Deadline Nears

Days before all federally funded transportation projects could be forced to shut down, House and Senate negotiators were trying late last week to come up with a long-term reauthorization bill or another temporary extension.

June 25, 2012

FedEx’s Quarterly Profits Rise to $634 Mln.On Strong Performance of LTL Division

FedEx Corp. said its fiscal fourth-quarter earnings, excluding a charge for aircraft retirements, rose to $634 million, helped by a 93% increase in operating income at the FedEx Freight segment.

June 25, 2012

Philadelphia Manufacturing Index Contracts

Manufacturing activity in the Philadelphia region contracted in June, Federal Reserve Bank of Philadelphia said Thursday.

June 21, 2012

Leading Economic Indicators Rise 0.3%

An index of leading economic indicators rose 0.3% in May, the New York-based Conference Board said Thursday.

June 21, 2012

ATA Urges FMCSA to Keep Truck Safety Program’s Intent

The federal Compliance, Safety, Accountability program is in danger of turning its focus from its original intent — to reduce truck-related crashes, fatalities and injuries, American Trucking Associations said Thursday.

June 21, 2012

Michigan, Canada to Build New Detroit Bridge

Michigan and Canada have agreed to build a second bridge linking Detroit and Windsor, Ontario, Bloomberg reported Friday.

June 15, 2012

New York Manufacturing Index Falls

Manufacturing activity in the New York region expanded in June at the slowest rate in seven months, the Federal Reserve Bank of New York said Friday.

June 15, 2012

Consumer Confidence Drops in June

Consumer confidence dropped in June to the lowest level this year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

June 15, 2012

Arkansas Best to Acquire Panther Expedited

Arkansas Best Corp. on Thursday announced it will purchase Panther Expedited Services from a private equity firm for about $180 million.

June 14, 2012