An American Trucking Associations official told a congressional panel that investment in the U.S. highway system will help the country’s economic and global competitiveness.
March 17, 2010BusinessLogistics
US 1 Reports 4Q, Yearly Loss
Logistics firm US 1 Industries said it had a fourth quarter net loss of $2.1 million, or 15 cents a share, compared with a profit of $582,000, or 4 cents a share, a year earlier.
March 17, 2010BusinessGovernment
Producer Prices See Biggest Decline Since July
Prices paid to U.S. producers fell 0.6% in February, the Labor Department said Wednesday.
March 17, 2010GovernmentBusiness
Senate Moves Jobs Bill Forward
Senate Democrats overcame a Republican filibuster of a bill aimed at decreasing unemployment that includes a long extension of the federal highway program.
March 16, 2010Business
Fed Again Holds Interest Rate at Record Low
The Federal Reserve voted for the 11th straight time Tuesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
March 16, 2010GovernmentBusinessSafetyAutonomous
ATA Pushes for ‘Jason's Law’ for More Truck Parking
American Trucking Associations Tuesday reaffirmed its support for legislation that would provide federal funding for commercial vehicle parking at rest areas.
March 16, 2010GovernmentBusinessSafetyFuelEquipment
Transportation Bill Should Have Freight Component, Report Says
Congress should include comprehensive funding policies in the upcoming transportation reauthorization bill both to modernize freight transportation and reduce diesel emissions, an environmental group said in a new report.
March 16, 2010BusinessLogisticsFuelGovernment
Diesel Rises 2¢ to $2.924 in Fourth Straight Increase
Diesel’s national average retail price rose for a fourth week, climbing 2 cents to $2.924 a gallon, the Department of Energy reported.
March 16, 2010GovernmentBusinessFuelAutonomous
SoCal Port Trucks Falling Short in Gate Moves
While the air at the Port of Los Angeles is cleaner, the owners of than two-thirds of the 2,200 drayage trucks purchased with $20,000 in port emissions reduction incentive grants face financial penalties because their trucks will not make the required minimum 300 gate moves during their first year of operation, port officials said.
March 16, 2010BusinessGovernment
Import Prices Fall in February
The price of goods imported to the United States fell in February for the first time in seven months, the Labor Department said Tuesday.
March 16, 2010