Obama Plan for High-Speed Rail Raises Concerns at Freight Firms
The Obama administration’s $8.5 billion plan to advance U.S. high-speed rail programs is being questioned by trucking interests and the freight railroads whose tracks would host most of the new services, officials in both industries said.
February 8, 2010Diesel Drops 5.2¢ to $2.781 in 3rd Straight Weekly Decline
The U.S. retail diesel average dropped 5.2 cents to $2.781 a gallon last week, the third straight weekly drop, the Department of Energy reported.
February 8, 2010Big Snowstorm Bears Down on Mid-Atlantic Region
A big snowstorm barreling into the Mid-Atlantic region Friday is going to affect the busy freight corridors of Interstates 80, 81 and 95 and has already prompted airports to cancel many weekend flights, news reports said.
February 5, 2010YRC Reports Smaller Fourth-Quarter Operating Loss
YRC Worldwide said Friday its fourth-quarter operating loss was $95.4 million, compared with an operating loss of $335.3 million a year earlier.
February 5, 2010Volvo Reports 4Q Loss; Sees Market Growth in 2010
Volvo AB reported a fourth-quarter loss Friday but predicted that economic recovery will expand the market for its trucks, Bloomberg reported.
February 5, 2010Unemployment Rate Falls to 9.7% in January
The U.S. unemployment rate dropped to 9.7% in January, the lowest level since August, the Labor Department said Friday.
February 5, 2010Con-way’s 4Q Loss Narrows
Con-way Inc. said late Thursday it lost $1.9 million, or 4 cents a share, in the fourth quarter, compared with a loss of $43 million, or 94 cents, a year earlier.
February 4, 2010Judge Rules Against Calif. Trucking Company over Classification
A state judge in Los Angeles has issued a civil judgment against a California trucking company that misclassified its drivers as independent contractors, California Attorney General Edmund Brown Jr. said Thursday.
February 4, 2010ATA Calls for Curbs on Oil Speculation
American Trucking Associations has joined forces with farmers, manufacturers and consumer groups calling on Congress to more strictly regulate excessive oil speculation.
February 4, 2010Factory Orders Continue to Improve
U.S. factory orders rose 1% in December, marking the eighth gain in nine months, the Commerce Department said Thursday.
February 4, 2010