Obama, House Panel Spar Over Highway Plan
WASHINGTON — Setting up what could be a major confrontation between Congress and the White House over transportation policy, a key House committee unveiled a $500 billion blueprint to remake the U.S. transport system, while on the same day the administration instead proposed extending the current plan for 18 months.
June 22, 2009Truck Manufacturers Assn. Elects Volvo’s Skip Yeakel Chairman
The Truck Manufacturers Association elected Volvo Trucks North America’s Skip Yeakel as TMA’s new chairman.
June 19, 2009Mass. Transportation Plan Delays Toll Increase
The Massachusetts Senate has approved a transportation reform bill that would avoid a planned toll increase in tolls and would abolish the Massachusetts Turnpike Authority by the end of the year, the Associated Press reported.
June 19, 2009Intermodal, Rail Traffic Fall for Week
Intermodal rail traffic fell 17% last week compared with the same week last year, the Association of American Railroads said.
June 19, 2009Opinion: Restructuring for LTL Success
A carrier’s primary mission is to operate profitably while keeping customers loyal. However, less-than-truckload carrier sales teams often fall short of the mark because they work separately from the operations division and often are at cross-purposes unintentionally.
June 19, 2009Oberstar Wants 57% Boost in Highway Spending
A key congressman wants to boost federal highway spending by 57% and set a six-year plan for such spending, a strategy at odds with Transportation Secretary Ray LaHood, who is seeking a shorter, 18-month extension of highway funding.
June 18, 2009YRC Sets Pension Fund Agreement with Teamsters
YRC Worldwide said it has finalized an agreement with the Teamsters union in which YRC will provide real estate assets as collateral in lieu of contributions to the union’s pension fund in the second quarter.
June 18, 2009Leading Economic Indicators Gain 1.2%
An index of leading economic indicators rose 1.2% last month, the New York-based Conference Board said Thursday.
June 18, 2009Philadelphia Manufacturing Index Improves
Manufacturing levels in the Philadelphia region improved this month but still showed contraction, the Federal Reserve Bank of Philadelphia said Thursday.
June 18, 2009Initial Jobless Claims Rise; Continuing Claims Fall
Initial jobless claims increased last week, but the number of Americans collecting jobless benefits fell the week before for the first time since January, the Labor Department said Thursday.
June 18, 2009