The Department of Transportation said its freight transportation services index fell 8.5% in April from a year earlier to its lowest level in seven years.
June 10, 2009BusinessSafetyGovernmentLogistics
Echo Acquires Raytrans Distribution
Echo Global Logistics said that it has acquired Raytrans Distribution Services, a transportation brokerage firm.
June 10, 2009BusinessGovernment
Fed ‘Beige Book’ Notes Some Signs of Recovery
The Federal Reserve said Wednesday that the while the U.S. economy is still slowing in almost half of its regions, some companies’ outlooks are improving even though a weak labor market persists.
June 10, 2009BusinessSafetyGovernmentLogistics
Obama to Nominate Hersman as NTSB Chairman
President Obama will nominate Deborah Hersman, a member of the National Transportation Safety Board, to be the board's chairman, the White House said.
June 10, 2009Government
U.S. Trade Deficit Widens
The U.S. trade deficit expanded in April for the second straight month following seven declines, as exports dropped to the lowest level in almost three years, the Commerce Department said Wednesday.
June 10, 2009BusinessSafetyGovernment
ATA Outlines Safety Agenda
American Trucking Associations Tuesday announced a new safety agenda that the group said will reduce crashes while saving lives and money.
June 9, 2009FuelBusinessGovernment
DOE Boosts Diesel, Gas Price Projections
Diesel fuel will average $2.40 a gallon this year and $2.67 next year, lower than last year’s record high level but up sharply from a previous estimate, the Department of Energy said.
June 9, 2009BusinessGovernment
Wholesale Inventories Fall for Eighth Month
Wholesale inventories fell in April for the eighth consecutive month, the Commerce Department said Tuesday.
June 9, 2009FuelBusinessLogisticsGovernment
Diesel Jumps 14.6¢ to $2.498 in Fifth Straight Gain
The national average price of diesel fuel jumped 14.6 cents to $2.498 a gallon, its fifth straight gain and the biggest single-week jump in more than a year, the Department of Energy said.
June 9, 2009BusinessGovernmentSafetyTechnologyEquipment
Opinion: Even on Foot, Trucking Is Risky Business
The overall health of the trucking industry is vital to our economy, but research shows it’s still plagued by higher death and injury rates than many other industries — and not just as the result of highway collisions. Truckers need to be as careful on foot as they are behind the wheel.
June 9, 2009