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Business, Safety, Government

Highway Trust Fund Needs $8 Billion Bailout, DOT Says

Bloomberg News

The Highway Trust Fund needs an $8 billion transfusion from the U.S. Treasury’s general fund in order to avoid an imminent deficit, Transportation Secretary Mary Peters said Friday during a conference call.

September 5, 2008
Business, Safety, Government

Louisiana, Mississippi Get $4 Million for Emergency Repairs

The federal government will provide $4 million in emergency relief funds to Louisiana and Mississippi to help repair roads and bridges damaged by floods caused by Hurricane Gustav, U.S. Transportation Secretary Mary Peters said Friday.

September 5, 2008
Business, Safety

Rail, Intermodal Traffic Decline

Bruce Harmon/Trans Pixs

Rail and intermodal traffic both declined for the week ended Saturday compared with a year ago, the Association of American Railroads said.

September 5, 2008
Fuel, Business, Government

Consumer Confidence Jumps on Lower Fuel Prices

U.S. consumer confidence this month rose by the most in four years in September, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.

September 5, 2008
Business

August Unemployment Hits Five-Year High

U.S. payrolls plummeted in August as the unemployment rate soared to 6.1%, tying a 2003 record, the Labor Department said Friday.

September 5, 2008
Business, Government

N.J. Turnpike Authority Calls for Toll Hikes

The New Jersey Turnpike Authority asked Gov. Jon Corzine (D) to approve a series of toll increases on two of the state’s major toll roads to pay for infrastructure improvements, the Associated Press reported.

September 5, 2008
Business, Safety, Government

TTNews to Close Monday for Labor Day

Transport Topics Online will be closed Monday for the Labor Day holiday. Please check back on Tuesday, Sept. 8, for the latest trucking and freight transportation news.

September 4, 2008
Business, Safety, Equipment

American Axle to Produce Commercial Truck Parts

American Axle & Manufacturing Holdings will expand a factory in Michigan to build more parts for large commercial trucks, reducing its reliance on General Motors Corp. for business, Bloomberg reported Thursday.

September 4, 2008
Business, Safety, Government

ISM Services Index Shows Expansion in August

The U.S. economy’s service sector expanded in August following two straight months of contraction, the Institute for Supply Management said Thursday.

September 4, 2008
Business

Mass. Restricts Trucks on Part of ‘Big Dig’ Project

The Massachusetts Turnpike Authority is placing a weight limit for trucks on the Leverett Connector in Boston, related to the city’s $15 billion “Big Dig” construction project, the Associated Press reported.

September 4, 2008

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