3Q Intermodal Freight Growth Slows to 3.4%; Fuel Prices, Capacity Stunt Domestic Business
Growth in truck-rail freight slowed to 3.4% in the third quarter, the Intermodal Association of North America reported, as domestic growth was stunted by truckers taking advantage of favorable fuel prices and capacity.
November 9, 2015XPO Completes Con-way Purchase; Picks LTL Chief, Begins Cost Cuts
XPO Logistics Inc. last week began consolidating its latest acquisition, Con-way Inc., and also announced higher profit targets as well as revenue that tripled in the third quarter.
November 9, 2015October Class 8 Orders Down from Historic 2014 Month
New orders in North America for Class 8 trucks dropped sharply in October from the near-record level a year earlier but remained strong compared with traditional order patterns, according to two reports.
November 9, 2015US Diesel Average Declines 1.3¢ to $2.485; Price Is $1.138 a Gallon Below Year Ago
The U.S. average retail diesel price fell 1.3 cents a gallon to $2.485, the third consecutive weekly decline, the Department of Energy reported Nov. 2.
November 9, 2015I-66 Garners Dubious Recognition: Worst Freeway
For commuters in the Washington metropolitan area it may come as no surprise that a recent analysis ranked Interstate 66 as the country’s worst freeway.
November 6, 2015Research to Begin on Pothole-Fixing Drones
A drone that can inspect roads and repair potholes autonomously is one of the goals of a recent university grant awarded with the vision of creating self-repairing cities.
November 6, 2015Consumer Borrowing Rose at Faster Pace in September
Borrowing by American households rose at a faster pace in September on increased lending for auto purchases and bigger credit-card balances.
November 6, 2015Obama Rejects Keystone Pipeline in Win for Environmentalists
President Obama rejected TransCanada Corp.’s bid to build the Keystone XL pipeline, ending seven years of debate over an infrastructure project that swelled into one of the most contentious environmental issues of his presidency.
November 6, 2015States Dig Into Their Wallets in a Race to Deepen Ports
Tired of waiting for Congress, states racing to deepen seaports before the opening of the enlarged Panama Canal next year are picking up the cost of what has traditionally been a federal duty.
November 6, 2015Trucking Adds 400 Jobs in October; Unemployment Rate Declines to 5%
The trucking industry added 400 jobs in October as the unemployment rate declined to 5%, the Labor Department reported Nov. 5.
November 6, 2015