Trucking Shows Mixed Activity, Fed ‘Beige Book’ Says
The U.S. economy grew at a moderate pace in June as manufacturing improved slowly, while trucking and logistics activity was mixed, the Federal Reserve said Wednesday.
July 18, 2012Housing Starts Rise to Highest Level Since 2008
Housing starts rose 6.9% in June to the highest level in almost four years, the Commerce Department said Wednesday.
July 18, 2012CSX Reports Higher 2Q Income
CSX Corp.’s second-quarter earnings rose as growth in container-car shipments eased the effects of sliding coal volumes, Bloomberg reported.
July 18, 2012Port of L.A. Container Volume Up 6% in June
The Port of Los Angeles said its import container volume rose 6% in June from a year ago.
July 18, 2012Marten’s 2Q Profit Improves
Marten Transport’s second-quarter profit rose on higher truckload and logistics revenue, the truckload carrier said.
July 18, 2012Peterbilt Begins Building Model 579
Peterbilt Motors Co. on July 10 announced it is now producing its new Model 579 truck, launched at the Mid-America Trucking Show in March.
July 18, 2012Trucking, Business Groups Form Coalition to Oppose Toll Hikes on N.Y. Thruway
Twenty-two business groups have formed a coalition to oppose the 45% toll increase for trucks proposed by the New York State Thruway Authority.
July 17, 2012Retail Groups Urge Ports, Labor to Reach Agreement
The National Retail Federation called on both sides involved in labor talks at ports on the East Coast and Gulf Coast to reach an agreement without a work stoppage, which would force diversions and delays of cargo.
July 17, 2012Senate Nixes Bonus Depreciation Bill
The Senate has rejected a bill that would have brought back the bonus depreciation tax deduction for capital spending, a proposal backed by American Trucking Associations.
July 17, 2012Diesel Rises 1.2¢ to $3.695; Gasoline Gains for Second Week
Diesel rose for the second week in a row, rising 1.2 cents to $3.695 a gallon while gasoline also increased, the Department of Energy said.
July 17, 2012