The Department of Transportation’s freight transportation services index for May rose 2.1% from a year ago, and showed a month-to-month gain, DOT said Wednesday.
July 9, 2008BusinessGovernmentFuelSafety
Bush Expected to Sign Bill Aimed at Reducing Ships’ Emissions
Cargo ships would have to reduce their emissions under federal legislation approved by Congress, which President Bush is expected to sign into law, the Ventura County (Calif.) Star newspaper reported Wednesday.
July 9, 2008BusinessGovernment
Navistar Raises Prices on International Brand Trucks
Citing high commodity prices, Navistar International Corp. said late Tuesday it is raising prices on its International brand trucks, effective immediately.
July 9, 2008GovernmentBusinessSafetyLogistics
OOIDA Plans Challenge to Ontario Speed Limiters
A group representing owner-operators said it will challenge the legality of recently passed legislation in Ontario mandating speed limiters on trucks to cap speeds at 65 miles per hour in the Canadian province.
July 9, 2008BusinessGovernment
Oil Drops $5 to $136 a Barrel; Declines $9 in Two Trading Days
Oil prices fell more than $5 Tuesday to close near $136 a barrel, as the U.S. dollar continued to strengthen and fears of a supply shortage faded, the Associated Press reported.
July 8, 2008Government
Pa. Lawmaker Says Turnpike Lease Deal Is Dead
A key Pennsylvania state lawmaker said that a plan backed by Gov. Ed Rendell to lease the Pennsylvania Turnpike is essentially dead, the Associated Press reported.
July 8, 2008FuelBusinessLogisticsGovernment
Diesel Jumps 8.2¢ to Record $4.727 a Gallon
The national average price of retail diesel fuel jumped 8.2 cents to a record $4.727 a gallon, breaking the previous record of $4.723 set six weeks ago, the Department of Energy said Monday.
July 8, 2008Government
Wholesale Inventories Rise 0.8%
Wholesale inventories rose 0.8% in May, the Commerce Department said Tuesday.
July 8, 2008BusinessSafetyGovernment
Covenant Sets Refinancing Plan With Daimler Truck Financial
Covenant Transportation Group said it completed the first step in refinancing its long-term debt, including a secured revenue equipment financing agreement with Daimler Truck Financial for about $200 million.
July 8, 2008BusinessGovernmentLogistics
NFI, Raven Transport Set Warehousing Agreement
Trucking and third-party logistics firm NFI Industries said Monday it has formed a joint-venture warehousing agreement with Raven Transport.
July 7, 2008