Federal funding highway infrastructure projects in an economic stimulus plan may be about $20 billion, Bloomberg reported, citing a group that represents state transportation officials.
December 11, 2008Search
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Oil Rises 10% as OPEC Eyes Production Cuts
Oil prices rose almost $5, or 10%, to near $48 a barrel Thursday after Saudi Arabia’s oil minister said OPEC may set production cuts next week, Bloomberg reported.
December 11, 2008DOT Freight Transport Index Drops 0.6% in October
The Department of Transportation’s freight transportation services index fell 0.6% in October from a year ago, leaving it at its lowest level for the month of October in five years.
December 10, 2008Wholesale Inventories Decline 1.1%
Wholesale inventories fell 1.1% in October, the largest drop in seven years, the Commerce Department said Wednesday.
December 10, 2008Schneider Expands Regional Service
Truckload carrier Schneider National said Wednesday it is extending its regional service to customers in the south-central United States, increasing its regional footprint to 16 states in less than a year since it first launched the offering.
December 10, 2008ATA, Codega Produce Safety Video Program for Drivers
American Trucking Associations and Codega LLC have introduced a program to educate new truck drivers, focusing on safety concepts, rules and practices.
December 9, 2008U.S. Industry Shipped 13 Billion Tons of Goods in 2007
U.S. industry shipped 13 billion tons of goods valued at almost $12 trillion in 2007, according to preliminary figures released Tuesday by the Department of Transportation and the Census Bureau.
December 9, 2008Navistar Says ‘Coalition’ Grows To Ease 2010 Emissions Rule
A Navistar Inc. spokesman said that a “coalition is building†around the company’s call to the incoming Obama administration to ease 2010 emissions mandates, but the Environmental Protection Agency said its tightened standards would go into effect without delays.
December 8, 2008FedEx Sets 5.7% LTL Rate Increase
FedEx Corp.’s less-than-truckload units FedEx Freight and FedEx National LTL have each set a 5.7% general rate increase, effective Jan. 5.
December 8, 2008Diesel Drops a Dime to $2.515; Gas Near 5-Year Low at $1.699
Diesel fuel’s national average price fell by a dime to $2.515 a gallon, while gasoline fell 11.2 cents to near a five-year low, the Department of Energy said Monday.
December 9, 2008