Fed ‘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, 2009Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
Navistar Increases Truck Prices $6,000 to $8,000 for 2010 Engines
Navistar said that its exhaust gas recirculation technology will increase International truck prices by up to $8,000 for the 2010 model year.
July 29, 2009Durable Goods Orders Fall 2.5%
Durable goods orders declined 2.5% in June, but orders excluding transportation equipment increased 1.1%, the Commerce Department said Wednesday.
July 29, 2009June Truck Tonnage Falls 13.6%
Truck tonnage decreased 13.6% in June compared with a year ago, American Trucking Associations said late Monday.
July 28, 2009Covenant Reports Loss for 2Q
Covenant Transportation Group said it lost $3.1 million, or 22 cents per share, in the second quarter, compared with a loss of $2.3 million, or 17 cents, a year ago.
July 28, 2009New Orleans Port Operators Cut Hours
Both of the terminal operators at the Port of New Orleans have reduced their business hours in response to the economic recession and reduced shipping, the Times-Picayune reported.
July 27, 2009Iteris’ Income Falls for Fiscal 1Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal first-quarter profit decreased from a year ago.
July 27, 2009Letters: Nitrogen in Tires, Brokers Revisited, Impossibly Low Rates, California Reefers, It’s All About Freight, Squeaky Wheels
In reference to the story, “Safeway Fleet Set to Fill Tires With Nitrogen,” which appeared July 6 on p. 8, I have been using nitrogen in my fleet since 2005. We have noticed that the tires stay at a constant pressure, and we have been able to get well over 250,000 miles out of our drive tires and 150,000 miles out of our steer tires.
July 27, 2009Virginia Closes 18 Rest Stops
The Virginia Department of Transportation closed 18 rest stops last week, despite an effort by U.S. Rep. Frank Wolf (R-Va.) to amend federal law to allow the state to commercialize the rest areas.
July 27, 2009Standards Body Passes on ‘Hot’ Fuel Rule
Trucking groups hailed the decision by the National Conference on Weights and Measures not to proceed with proposals to regulate the temperature of retail fuel at the pump.
July 27, 2009