Transportation Leaders Praise Sen. Lautenberg’s Legacy
Tributes poured in for New Jersey Sen. Frank Lautenberg (D), who until his death Monday at the age of 89 was a key policymaker in every aspect of transportation, from passenger and freight rail to highway safety and drunk-driving laws.
June 4, 2013DOT Names Freight Advisory Committee Members
Transportation Secretary Ray LaHood announced the members of the National Freight Advisory Committee, a diverse group of transportation professionals that will provide advice and recommendations aimed at improving the national freight transportation system.
June 4, 2013FedEx Accelerates Aircraft Replacement, Boosts Dividend
FedEx Corp. said it is accelerating retirement of 86 aircraft, and the company will boost its dividend next month by a penny a share.
June 4, 2013Diesel Dips 1.1¢ to $3.869; Gasoline Flat
Diesel dipped for a second week, sliding 1.1 cents to $3.869 a gallon, while gasoline rose slightly to $3.646, the Department of Energy reported.
June 4, 2013Paccar to Pay $225,000 Accounting Fine, SEC Says
Paccar Inc. will pay a $225,000 penalty for alleged accounting inaccuracies in its 2008-2012 financial filings, the Securities and Exchange Commission said.
June 4, 2013Odyssey Unit Acquires Hawaii Intermodal Tank Service
Odyssey Logistics & Technology Corp. said one of its affiliates has purchased bulk liquid food assets from tank equipment provider Hawaii Intermodal Tank Transport. Terms were not disclosed.
June 4, 2013U.S. Trade Deficit Grows by 8.5% in April
The U.S. trade deficit grew by 8.5% in April as imports of consumer goods and business equipment increased, the Commerce Department said Tuesday.
June 4, 2013U.S. Manufacturing Contracted in May, ISM Reports
U.S. manufacturing activity contracted in May, the Institute for Supply Management reported.
June 3, 2013ABF Freight System Raises Rates 5.9%
Less-than-truckload carrier ABF Freight System has raised its rates by an average 5.9%, the company said.
June 3, 2013Construction Spending Rises 0.4% in April
Construction spending increased 0.4% in April, the Commerce Department reported Monday.
June 3, 2013