U.S. intermodal traffic rose 4.2% for the week ended Saturday from a year ago, the Association of American Railroads said.
June 29, 2012BusinessFuel
Diesel Dips Another 5.1¢ to 16-Month Low of $3.678 Per Gallon
Retail diesel prices tumbled another 5.1 cents to $3.678 last week, the lowest level in 16 months, the U.S. Department of Energy reported.
July 2, 2012GovernmentBusinessTechnologyEquipment
House Measure Would Block Mandated Use of EOBRs
The House on Friday passed a transportation spending measure that would block rules requiring electronic onboard recorders on trucks.
June 29, 2012Business
ATA Praises Congressional Action on Highway Bill
American Trucking Associations praised the House-Senate conference committee that came to a consensus on a new highway bill, saying it “lays a solid foundation for addressing America’s need for an efficient goods movement network.â€
June 29, 2012Business
Chicago Manufacturing Activity Rises
Manufacturing activity in the Chicago area increased in June, the Institute for Supply Management-Chicago said Friday.
June 29, 2012BusinessGovernmentLogistics
Consumer Confidence Drops to Lowest Level This Year
Consumer confidence dropped in June to the lowest level this year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
June 29, 2012GovernmentBusiness
Consumer Spending Unchanged in May
U.S. Consumer spending was unchanged in May, the weakest reading since November, the Commerce Department said Friday.
June 29, 2012Business
Congress Reaches Agreement on Highway Bill
Congressional leaders reached tentative agreement on a highway bill, agreeing to maintain current federal transportation levels for 27 months, Bloomberg reported Thursday.
June 28, 2012BusinessLogistics
Manitoulin Acquires Can-Tran in Bid to Expand in Western Canada
Looking to expand further in western Canada, Manitoulin Global Forwarding, Mississauga, Ontario, said it has acquired Can-Tran International, Leduc, Alberta.
June 28, 2012Business
Roadrunner Sets 6.9% Rate Increase
Following announcement by other less-than-truckload carriers, Roadrunner Transportation Systems said it will implement a 6.9% rate increase, effective July 16.
June 28, 2012