Sen. Wyden Proposes Increase to Truck Tax for Trust Fund Short-Term Fix
The chairman of the Senate Finance Committee offered a draft proposal June 24 that would increase a tax on heavy trucks as a means of keeping the federal highway account solvent through the end of the year.
June 24, 2014New Home Sales Rise in May by Most in 22 Years
Sales of new homes increased 18.6% in May, the biggest one-month gain since January 1992, to a 504,000 annualized pace, figures from the Commerce Department showed June 24 in Washington.
June 24, 2014ATA Seeks Applications for Executive Leadership Program
American Trucking Associations is seeking applications for the second class of its executive leadership program.
June 24, 2014Consumer Confidence Index Rises in June
The Conference Board’s index of U.S. consumer confidence increased to 85.2 in June from 82.2 a month earlier, the New York-based private research group said.
June 24, 2014Home Prices in 20 US Cities Increased at Slower Pace in April
Home prices in 20 U.S. cities rose at a slower pace than forecast in the year ended in April as declining affordability put a lid on appreciation.
June 24, 2014Daimler Launches Parts E-Commerce Platform
Daimler Trucks North America said it has launched an e-commerce platform that allows transactions between customers and DTNA’s parts and service network.
June 24, 2014May Trailer Orders Jump 52%
May trailer orders jumped 52% from the year-ago level, continuing the strong growth trend seen throughout 2014, ACT Research reported.
June 23, 2014Eaton to Pay Meritor $500 Million to Settle Antitrust Suit
Component makers Meritor Inc. and Eaton Corp. announced June 23 that Eaton will pay $500 million to a Meritor joint-venture unit to resolve a 2006 antitrust lawsuit.
June 23, 2014House GOP Leader McCarthy Opposes Gas Tax Increase
Incoming House Majority Leader Kevin McCarthy (R-Calif.) said on June 22 he wouldn’t support increasing the federal tax as a legislative solution for shoring up a federal highway account that funds highway programs at the state level.
June 23, 2014Cummins’ Charlton to Retire, Rumsey Takes New Post
Cummins Inc. said Vice President and Chief Technical Officer Steve Charlton is retiring on July 1 and is being succeeded by Jennifer Rumsey as vice president of engineering in the company’s engine unit.
June 23, 2014