Washington State Passes $16 Billion Transportation Plan, Includes Gas Tax Increase
The Washington state Legislature passed a $16.1 billion transportation funding plan earlier this month that would raise the gas tax to fund key infrastructure projects.
July 6, 2015Truck Orders Fall 26% in June, but Backlogs Remain Above Prior-Year Levels
New Class 8 truck orders declined in June for a fourth consecutive month, but industry backlogs remain well above prior-year levels, ACT Research reported.
July 6, 2015Congestion at West Coast Ports Lowered Economic Growth by 0.2 Percentage Points, Fed Says
The Federal Reserve Bank of New York said congestion at West Coast ports lowered U.S. economic growth by 0.2 percentage points in the first quarter, the Wall Street Journal reported.
July 6, 2015Factory Orders Fall on Weak Demand for Transportation Equipment
New orders for U.S. factory goods fell more than expected in May on weak demand for transportation and electrical equipment, a sign that manufacturing remained mired in a soft patch.
July 6, 2015Shipping Industry Gloomiest Since 2009 in Survey as Glut Endures
The shipping industry is the most pessimistic in six years about its prospects as a fleet surplus persists, according to a survey by law firm Norton Rose Fulbright.
July 6, 2015Service Industries Expand at a Faster Pace in June
Growth at U.S. service industries picked up in June from a more than one-year low, signaling steady improvement in the biggest part of the economy.
July 6, 2015Maersk Resumes Port of Baltimore Service After 20 Years
Maersk Line, the world’s largest container shipping company, has returned to the Port of Baltimore after an absence of two decades, state officials announced.
July 6, 2015Premier Truck Group Created for 16 Dealers
A group of 16 truck dealers in five states has been renamed Premier Truck Group to enhance brand recognition, the company announced.
July 6, 2015Colorado DOT Tests Traffic Blimp
The Colorado Department of Transportation conducted a three-day evaluation of a helium-filled blimp to monitor traffic.
July 6, 2015Twin 33s Can Offer Benefits
The twin 33-foot trailer, the first potential nationwide truck-size change in nearly three decades, could generate attractive cost reductions for fleets and broad public benefits in reduced truck traffic, industry experts said.
July 6, 2015