Mexican Carrier Seeks Cross-Border Approval
A Mexican owner-operator is seeking approval from the Federal Motor Carrier Safety Administration for the U.S.-Mexico cross-border trucking pilot program.
July 12, 2012Initial Jobless Claims Drop
Initial jobless claims dropped last week to the lowest level in four years, the Labor Department said Thursday
July 12, 2012Ryder Boosting Dividend
Ryder System said it will boost its quarterly dividend by 2 cents to 31 cents per share.
July 12, 2012DOT Freight Transportation Index Rises 4.3%
The Department of Transportation’s freight transportation services index rose 4.3% in April from the same month last year, DOT said.
July 11, 2012T. Boone Pickens to Keynote ATA’s Natural Gas Summit
Energy executive T. Boone Pickens will be the keynote speaker at American Trucking Associations’ Natural Gas in Trucking Summit in November, ATA said Wednesday.
July 11, 2012Wholesale Inventories Rise in May
Wholesale inventories rose 0.3% in May as sales dropped, the Commerce Department said.
July 11, 2012U.S. Trade Deficit Shrinks in May
The U.S. trade deficit shrank 3.8% in May as imports fell to the lowest level in three months, the Commerce Department said.
July 11, 2012Cummins Raises Dividend, Lowers Full-Year Sales Forecast
Cummins Inc. said Tuesday it will boost its stock dividend by 25%, but cut its 2012 sales forecast, citing weaker truck orders.
July 10, 2012DOE Lowers 2012 Diesel Price Forecast
Diesel fuel will average $3.79 a gallon this year, the Department of Energy said, lowering its most recent forecast by 11 cents.
July 10, 2012Congestion May Add $14 Billion in Costs for Washington State’s Freight Industry
A 20% increase in traffic congestion could cause a $14 billion spike in operating costs to the state’s freight-dependent industries, the Washington State Department of Transportation said in a new report.
July 10, 2012