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Budget Panels Reject Obama Proposal, Retain Highway Trust Fund Firewall

Budget committees in Congress have approved draft versions of spending-revenue plans for next year that reject an Obama administration proposal to remove the firewalls that have traditionally protected the Highway Trust Fund and other transportation-related funds.

April 6, 2009

Diesel Price Jumps 13.1¢

U.S. retail diesel prices jumped sharply last week, a second straight bump that raised the national average a two-week total of 20.4 cents a gallon, or about 10%, as gasoline also rose, topping the $2 a gallon mark for the first time since November, according to the Department of Energy.

April 6, 2009

U.S. Seeks Consensus on Border Before Obama’s Visit to Mexico

The Department of Transportation will develop a proposal to reopen the United States to trucks from Mexico before President Obama visits President Felipe Calderon there later this month, a spokeswoman told Transport Topics.

April 6, 2009

Con-way, TNT Start New Europe-to-U.S. Service

Less-than-truckload carrier Con-way Freight will take over the final leg of express shipments from Europe under a new partnership with Dutch transportation and logistics firm TNT.

April 2, 2009

Construction Spending Decline Slows

Construction spending fell 0.9% in February, the Commerce Department said Wednesday.

April 1, 2009

ISM Manufacturing Index Improves, but Still Shows Contraction

Manufacturing in the U.S. improved in March but showed contraction for a 14th straight month, the Institute for Supply Management said Wednesday.

April 1, 2009

House Democrats Introduce Greenhouse Gas Bill

Democratic lawmakers announced legislation Tuesday that they say would reduce greenhouse gas emissions by one fifth, reduce dependence on foreign oil and create energy-related jobs, the Associated Press reported.

April 1, 2009

Daimler to Cut Hours, Pay in Europe

Daimler AG plans to cut its labor costs by 2 billion euros, or about $2.7 billion, by trimming hours and wages for 73,000 non-production workers in Germany and by delaying a pay increase, Bloomberg reported Wednesday.

April 1, 2009

Chicago Manufacturing Index Declines

Manufacturing activity in the Chicago region showed contraction in March for a sixth straight month, the Institute for Supply Chain Management-Chicago said.

March 31, 2009