Truck tonnage surged 7.5% in April from a year ago, the fifth straight year-to-year increase and the largest gain in more than five years, American Trucking Associations said.
May 28, 2010Business
Heavy-Duty Orders Soar 90%
New orders for heavy-duty trucks soared about 90% in April, compared with the same month a year ago, two independent research firms reported.
May 31, 2010Business
Lawmakers Say Tax Fears May Mean Road Bill Delay
WASHINGTON — The chances of Congress approving a long-term highway bill this year are slim, key congressional staff members said, and several added that if a bill isn’t passed early in 2011, then it may be dead until after the next presidential election.
May 31, 2010Business
Teamsters Reject 15% Cut in Pay for ABF Workers
Teamsters union workers rejected a voluntary 15% pay reduction at ABF Freight System Inc. that the company had sought to bring its pay package closer to the one the union has with ABF’s chief LTL rival, YRC Worldwide.
May 31, 2010GovernmentBusinessFuel
Details of Plan to Raise Truck Fuel Economy Remain to Be Spelled Out, Observers Say
WASHINGTON — A week after President Obama announced that the federal government would be crafting the first-ever fuel economy standards for large trucks, observers said it was still unclear exactly what those standards would entail.
May 31, 2010BusinessSafety
Senate Passes Banking Reform Legislation
The Senate passed its version of banking reform on May 20, including provisions that would impose tighter regulations on the trading of derivatives such as crude oil.
May 31, 2010BusinessFuel
Diesel Drops 7.3¢ to $3.021
The average retail price paid for a gallon of diesel dropped 7.3 cents to $3.021 last week, the Energy Department said, as the biggest one-week decline in nearly 18 months followed a recent slide in crude oil prices.
May 31, 2010Business
Officials Concerned About Shortages of Road Paint
State transportation officials are concerned that shortages of the paint used for road stripes could slow highway construction this summer, CNN reported.
May 28, 2010BusinessSafetyGovernmentAutonomous
TTNews To Close Monday for Memorial Day
Transport Topics Online will be closed Monday for the Memorial Day holiday. Please check back on Tuesday, June 1, for the latest trucking and freight transportation news.
May 28, 2010Business
Memorial Day Travel to Rise 5.4%, AAA Says
The motorist group AAA said that travel over the Memorial Day weekend will jump 5.4% from a year ago as an improved economy prompts more Americans to hit the road, Reuters reported.
May 28, 2010