Congress Reaches Late Deal on Highway Trust Fund Fix
The House moved quickly last week to shift $7 billion to the nearly depleted Highway Trust Fund, and the Senate followed suit, although Senate leaders continued to advocate for extending current highway legislation for 18 months.
August 3, 2009TT Podcasts: RoadSigns
Volvo's Chayene de Souza and Magnus Gustafson discuss how new, connected trucks can boost business, enhance safety practices, and reinforce preventative maintenance plans.
U.S. Moves Toward Stiffer Rules to Curb Oil-Market Speculators
The Commodity Futures Trading Commission last week began laying the groundwork for a stronger regulatory hand over oil traders and investors, with a series of hearings and a report on trading patterns that could lead to limits on some purchases of futures contracts.
August 3, 2009Diesel Rises 3.2¢ to $2.528
The U.S. average retail diesel price rose 3.2 cents a gallon last week to $2.528, the first increase in five weeks, the Department of Energy reported.
August 3, 2009Intermodal, Rail Traffic Drop for Week
Intermodal rail traffic in the United States fell 17.9% last week compared with the same week last year, the Association of American Railroads said.
July 31, 2009P.A.M. Reports $2.4 Million Second-Quarter Loss
Truckload carrier P.A.M. Transportation Services reported a second-quarter loss of $2.4 million, or 25 cents per share, compared with a loss of $1.3 million, or 14 cents, a year ago.
July 31, 2009Second-Quarter GDP Contracts 1%
The U.S. economy contracted at an annual rate of 1% in the second quarter after the worst contraction in 27 years, the Commerce Department said Friday.
July 31, 2009YRC Reports $255 Million 2Q Loss
YRC Worldwide lost $255 million, or $3.53 a share, from operations in the second quarter of 2009, down sharply from a year-ago profit of $35.8 million, or 62 cents, 39 cents of which came from a curtailment gain related to pensions.
July 31, 2009NAFTA Surface Trade Declines In May
Surface transportation trade among the United States, Canada and Mexico fell 35.4% in May from a year earlier, the largest year-to-year drop on record, the Department of Transportation said Thursday.
July 30, 2009MAN’s Profit Plunges 95%
Substantial production cuts did not stop Germany-based truck maker MAN SE’s second-quarter profit from plummeting 95%, Bloomberg reported.
July 30, 2009Fed ‘Beige Book’ Says Decline is Slowing, Transportation Still Weak
The Federal Reserve said Wednesday that almost all Federal Reserve districts are seeing the pace of economic recession slow down, but the transportation sector is still showing signs of weakness.
July 29, 2009