The Department of Energy lowered its 2011 diesel price forecast by a nickel to $3.80 a gallon and lowered its 2012 forecast by 14 cents, to $3.73, reflecting recent declines in oil prices.
October 12, 2011Government, Business
Infrastructure Bank ‘Dead on Arrival,’ House Transportation Committee Says
WASHINGTON — House Republicans attacked President Obama’s proposal for a national infrastructure bank at a hearing Wednesday, saying it is unnecessary and its goals could be achieved through other means.
October 13, 2011Business, Logistics
Menlo Launches Transportation Services
Menlo Worldwide Logistics has announced it is rolling out Menlo Transportation Services as a single, unified service to complement other supply chain and logistics offerings.
October 13, 2011Business
U.S. Trade Deficit Unchanged in August
The U.S. trade deficit was little changed in August at $45.6 billion, down slightly from $45.8 billion in July, the Commerce Department said Thursday.
October 13, 2011Business
Jobless Claims Dip for Week
Initial jobless claims dipped by 1,000 last week to 404,000, the Labor Department said Thursday.
October 13, 2011Business
I-64 Bridge Linking Indiana, Kentucky To Close for Six Months of Repairs
The Interstate 64 bridge spanning the Ohio River between Louisville, Ky., and southern Indiana must be closed for six months, transportation officials said.
October 12, 2011Business, Fuel
DOE Lowers 2011 Diesel Price Forecast to $3.80 a Gallon
Business, Technology
iTECH: Carriers Undeterred by EOBR Delay
Despite a federal appellate court ruling tossing out a new mandate that would eventually have required all motor carriers to install electronic on-board recorders in their vehicles, several fleets said they would press forward with their plans to add the devices.
October 12, 2011Business
Celadon Buys 6.3% Stake in USA Truck
Celadon Group has bought a 6.3% stake in fellow truckload carrier USA Truck, the Associated Press reported, citing a Celadon regulatory filing.
October 12, 2011Business
Port of L.A. Won’t Appeal Decision Rejecting Owner-Operator Ban
The Port of Los Angeles said it will not appeal a decision by the U.S. 9th Circuit Court of Appeals that rejected the port’s plan to ban independent truckers from drayage operations there.
October 12, 2011Business, Logistics
Schneider Launches Canadian Intermodal Service
Schneider National has launched a new intermodal Canadian border-crossing service for North American shippers.
October 12, 2011