New research released this week by the Federal Motor Carrier Safety Administration confirms the safety benefits of using technology to electronically govern and limit trucks’ speed, American Trucking Associations said Wednesday.
March 28, 2012BusinessFuel
Oil Slips as Feds Consider Tapping SPR
Oil fell for the first time in four days Wednesday following a Department of Energy report that showed crude inventories rose, while the department considered tapping the government’s Strategic Petroleum Reserve, Bloomberg reported.
March 28, 2012Business
Provision in Senate’s Transport Legislation Would Raise Broker Surety Bond to $100,000
A provision in the Senate transportation bill would raise the surety requirement for freight brokers to $100,000 from $10,000.
March 28, 2012GovernmentBusiness
NAFTA Surface Trade Rises 11.5% in January
Surface trade among the United States, Canada and Mexico rose 11.5% in January from a year ago, the Department of Transportation said.
March 28, 2012Business
Durable Orders Rise 2.2% in February
Durable goods orders increased 2.2% in February, the fourth gain in five months, the Commerce Department said Wednesday.
March 28, 2012GovernmentBusiness
Traffic Congestion Costs Billions in Wasted Fuel, Time, Report Says
Traffic congestion costs drivers more than $100 billion annually in wasted fuel and lost time, and American drivers waste about 1.9 billion gallons annually sitting in traffic, according to a new Treasury Department report.
March 28, 2012Business
Truck Tonnage Rises 5.5% in February
Truck tonnage rose 5.5% in February from the same month last year, American Trucking Associations said Tuesday.
March 27, 2012GovernmentBusiness
FMCSA Could Do More to Stop Reincarnated Fleets, GAO Says
The federal government should electronically screen trucking companies’ data to find potential reincarnated carriers when they apply, and then investigate those applicants, according to a new Government Accountability Office report.
March 27, 2012Business
House Republicans Delay Vote on Highway Bill
House Republican leaders Monday delayed voting on a three-month extension of federal highway programs, Bloomberg reported.
March 27, 2012BusinessFuel
Diesel Gains a Half-Cent to $4.147; Gas Gains a Nickel to $3.918
Diesel rose 0.5 cents to $4.147 a gallon, its highest price since the record-setting summer of 2008, while gasoline rose more than a nickel, the Department of Energy reported.
March 27, 2012