Oil Prices Hit Year’s High
Oil prices reached their highest level this year Friday as rising equity markets fueled speculation that the world economy is improving, Bloomberg reported.
August 21, 2009TT Podcasts: RoadSigns
Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.
Intermodal, Rail Traffic Drop for Week
Intermodal rail traffic in the United States fell 18.4% last week compared with the same week last year, the Association of American Railroads said.
August 21, 2009Obama to Nominate PHMSA Administrator
President Obama will nominate Cynthia Quarterman to oversee the Pipeline and Hazardous Materials Safety Administration within the Department of Transportation, the White House said.
August 20, 2009Pacer Completes Heavy-Haul Unit Sale
Transportation and third-party logistics firm Pacer International said Thursday it has completed the sale of its specialized heavy-haul trucking operation to subsidiaries of Universal Truckload Services.
August 20, 2009Leading Economic Indicators Rise 0.6%
An index of leading economic indicators rose 0.6% in July, the fourth consecutive increase, the New York-based Conference Board said Thursday.
August 20, 2009Navistar, Caterpillar Set China Truck Venture
Navistar International Corp. and Caterpillar Inc. are in discussions with a Chinese firm to set up a truck- and engine-making venture in China, Bloomberg reported Thursday, citing a Chinese newspaper report.
August 20, 2009Philadelphia Manufacturing Index Improves
Manufacturing levels in the Philadelphia expanded in August for the first time in almost a year, the Federal Reserve Bank of Philadelphia said Thursday.
August 20, 2009DOT Sets Dates for Distracted-Driving Summit
The Department of Transportation said it will host its “distracted driving” summit in Washington on Wednesday and Thursday, Sept. 30 - Oct. 1.
August 19, 2009NFI Buys Network Logistic, Expands Warehousing
NFI Industries said it expanded its warehousing operations by 20% with the Aug. 3 purchase of Network Logistic Solutions, which operates 3 million square feet of space in Florida, Georgia and Oklahoma. Pricing details were not disclosed.
August 19, 2009ATA Says California Reefer Rule Is Unfair
California’s new emission-reduction rule for transport refrigeration units unfairly imposes air quality standards on out-of-state carriers, attorneys for American Trucking Associations and the Truckload Carriers Association told a federal appeals court.
August 19, 2009