Virginia Scales Back Plan To Close Rest Stops
The Virginia Department of Transportation said it will propose closing 19 of the state's 41 highway rest areas, scaling back its original proposal to close 25.
May 22, 2009Knight Boosting Dividend
Truckload carrier Knight Transportation said it will boost its quarterly dividend to 5 cents per share, from 4 cents.
May 22, 2009Senate Confirms Heads for FAA, FTA
The Senate late Thursday confirmed Randy Babbit, former president of the Air Line Pilots Association, as the administrator of the Federal Aviation Administration.
May 22, 2009U.S. May Reopen Roads to Mexican Trucks by June, LaHood Says
Transportation Secretary Ray LaHood said the United States could reopen its roads to Mexican trucks as soon as next month, Bloomberg reported.
May 21, 2009Leading Economic Indicators Rise 1%
An index of leading economic indicators rose 1% last month, the biggest gain in three-and-a-half years, the New York-based Conference Board said Thursday.
May 21, 2009Philadelphia Factory Index Improves
Manufacturing levels in the Philadelphia region contracted this month at the slowest pace in eight months, the Federal Reserve Bank of Philadelphia said Thursday.
May 21, 2009Oil Falls From Six-Month High to Below $61
Oil prices fell from a six-month high Thursday to below $61 a barrel following a Federal Reserve report said the U.S. economy may be slow in recovering, Bloomberg reported.
May 21, 2009Oil Pushes Past $62 a Barrel to Six-Month High
Oil prices rose almost $2 to a six-month high of more than $62 a barrel Wednesday after a Department of Energy report showed that inventories fell last week, Bloomberg reported.
May 20, 2009ATA Files Appeal in SoCal Ports Case
American Trucking Associations has filed an appeal with the Ninth Circuit Court of Appeals, claiming that a lower court did not follow the circuit court's directions in granting an injunction in its continuing fight with the ports of Los Angeles and Long Beach, the Long Beach Press-Telegram reported.
May 19, 2009Opinion: Freight Broker Liability
Against the backdrop of a recent multimillion-dollar verdict against one of the world’s largest freight brokers, now is a good time for freight brokers across this country to review their procedures to reduce exposure to similar liability.
May 19, 2009