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UPS Executive Urges Shippers To Back Taxes for Infrastructure

ATLANTA — UPS Inc.’s incoming chief financial officer told shippers here what freight carriers have long heard: The U.S. transportation network is so clogged — and getting worse — that Congress must create an infrastructure improvement plan and pay for it with dedicated taxes on the system’s users.

November 19, 2007

Class 8 Truck Sales Drop 53.1% In Oct. on Weak Freight Market

Heavy-duty retail truck sales in the United States fell 53.1% in October, the sixth straight month in which sales fell 50% or more below 2006 levels, according to WardsAuto.com.

November 19, 2007

Diesel Jumps to $3.425

U.S. diesel fuel prices rose another 12.2 cents last week to $3.425 a gallon, the second consecutive record high and the eighth increase in the past nine weeks, the Department of Energy said.

November 19, 2007

CFI Raises Driver Pay

Contract Freighters Inc., Joplin, Mo., said it will raise pay for all drivers by 1 cent per mile.

November 16, 2007

Transportation Spending Bill Clears House

The House of Representatives has approved a transportation spending bill that would bar Mexican trucks from operating in the U.S., Bloomberg News reported.

November 15, 2007

N.Y. State Manufacturing Index Slips

Manufacturing growth in New York state dipped in October, the Federal Reserve Bank of New York said Thursday.

November 15, 2007

Philadelphia Factory Index Rises

Manufacturing levels strengthened in the Philadelphia area this month, the Federal Reserve Bank of Philadelphia said Thursday.

November 15, 2007

Appeals Court Strikes Down CAFE Standards for Light Trucks

A federal appeals court ruled that Department of Transportation failed to take into account the value of reducing carbon emissions in setting the rules for 2008-2011 model light trucks and sport utility vehicles, Bloomberg News reported Thursday.

November 15, 2007

DOT Transportation Index Slips in September

The Department of Transportation’s freight transportation services index for September fell 1.6% compared with a year ago, DOT said Wednesday.

November 14, 2007

Business Inventories Gain 0.4%

Business inventories rose 0.4% in September, while sales increased 0.6%, the Commerce Department said Wednesday.

November 14, 2007