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, 2008Search
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Insurance Premiums Fall 10% to 50% as New Firms Enter Market
A wave of new insurance companies vying for business from the trucking industry has created an unusual — and welcome — situation: Rates are dropping.
July 14, 2008
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Used Trailer Prices Plummet as Fleets Delay Replacements
Thousands of used trailers are sitting unsold and gathering dust, as freight demand remains tepid and carriers that would typically up-grade their fleets are postponing purchases, spending their money on fuel instead, according to industry experts.
July 14, 2008DOT Gives Wisconsin $1 Million to Repair Flood-Damaged Roads
The Department of Transportation said Friday it is making $1 million available immediately to Wisconsin to help pay for urgent repairs to roads and bridges damaged by recent floods.
July 11, 2008OOIDA 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, 2008Bush 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, 2008FMCSA Cracking Down on Rogue Interstate Moving Companies
The Federal Motor Carrier Safety Administration said Wednesday it will continue to target rogue interstate moving companies that violate federal consumer protection and safety regulations.
July 9, 2008Trucking Executive Calls for Higher Weight Limits
Raising allowable truck weight limits by 21% would save carriers fuel, while reducing traffic and emissions, a trucking executive told Congress Wednesday.
July 10, 2008Covenant 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, 2008Oil 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, 2008