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Drayage Truckers Worry About Procedures Required by Federal Chassis Regulations

Drayage truckers are struggling with complex record-keeping requirements in the new federal intermodal chassis maintenance rules that have begun to take effect, industry experts said.

June 29, 2009

Republicans Criticize Early Vote on Cap-and-Trade Bill in House

House Democratic leaders said they hoped to pass a controversial cap-and-trade bill late last week, despite vocal protests by Republicans who said the complex legislation amounts to a large tax increase and needs more time for debate.

June 29, 2009

Rebound in Trucking Company Share Prices May Be Fragile, Analysts Warn

Trucking stocks have rallied over the past four months despite the sour U.S. economic conditions, but the recent rise in shares is a fragile one, analysts warned.

June 29, 2009

Diesel Rises 4.4¢ to $2.616

The U.S. average diesel price rose 4.4 cents a gallon last week to $2.616, the seventh straight weekly increase that has pushed it up by 43.1 cents to the highest level in nearly eight months.

June 29, 2009

Maersk to Charge Lease Fee for Intermodal Chassis

The world’s largest ocean container shipping company, Maersk Line, said it will begin charging leasing fees to local truckers who use their intermodal chassis, which traditionally have been free.

June 29, 2009

House Panel Leaders Resist Bid to Stall Highway Funding Bill

WASHINGTON — House transportation leaders appeared isolated last week, as several prominent senators endorsed a bid by the Obama administration to postpone working on a major surface transportation-funding bill until 2010.

June 29, 2009

Consumer Sentiment Index Rises in June

U.S. consumer confidence rose this month for the fourth consecutive time in June, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

June 26, 2009

Personal Spending Rises 0.3% in May

Consumer personal spending rose 0.3% in May, the Commerce Department said Friday.

June 26, 2009

UPS Sets Middle East Joint Venture

UPS Inc. said Friday it has begun a new joint venture headquartered in Dubai that will coordinate packages, freight forwarding and contract logistics services in the Middle East, Turkey and parts of Central Asia.

June 26, 2009