The Teamsters union’s rank-and-file membership has rejected a proposed 15% wage cut at ABF Freight System, the two sides said.
May 25, 2010BusinessGovernmentSafety
Opinion: Congress Should Tread Lightly With Brokers
As a former New York Department of Transportation regulator and a current player in the motor carrier transportation industry, I have followed the concerns voiced by members of the Owner-Operator Independent Drivers Association and the Transportation Intermediaries Association, which represents property brokers and other third-party intermediaries.
May 26, 2010Business
New ϳԹ Sales Jump to Two-Year High
New home sales rose in April to a two-year high, the Commerce Department reported Wednesday.
May 26, 2010BusinessAutonomous
Medium Duties Show Fifth Straight Monthly Gain
Retail sales of medium-duty trucks totaled 19,991 units in April, a 7.9% increase from a year earlier, WardsAuto.com reported May 13.
May 26, 2010Business
Durable Goods Orders Jump 2.9% in April
Durable goods orders rose 2.9% in April for the fourth gain in five months, the Commerce Department said Wednesday.
May 26, 2010BusinessFuel
Oil to Reach $108 a Barrel by 2020, DOE Predicts
Rising demand will push oil prices past $108 per barrel by 2020, the Department of Energy said.
May 25, 2010BusinessSafetyEquipmentAutonomous
April Orders for New Class 8s Rise 91%, ACT Report Says
New orders for heavy-duty trucks increased 91% in April, from the same month of 2009, ACT Research Co. reported.
May 25, 2010GovernmentBusinessSafety
LaHood Commends Kansas’ New Law Banning Texting While Driving
Kansas’ move to become the 26th state to outlaw texting while driving has drawn praise from U.S. Transportation Secretary Ray LaHood for pushing the country past the halfway mark to a nationwide ban on the practice.
May 25, 2010GovernmentBusiness
LaHood Calls Canada’s Bridge Offer ‘Extraordinary’
Transportation Secretary Ray LaHood called Canada’s offer to pay up to $550 million for the U.S. side of a proposed new bridge between Detroit and Ontario “quite extraordinary,” the Canadian Press reported.
May 25, 2010BusinessGovernmentLogistics
Consumer Confidence Rises in May
Consumer confidence grew this month to its highest level since March 2008, the New York-based Conference Board reported.
May 25, 2010