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Colorado Budget Cuts Will Hamper Freight Movement in State

Colorado’s Department of Transportation, which already has an $800 million annual funding shortfall, is taking another $80 million hit in fiscal 2018 and fiscal 2019 in Gov. John Hickenlooper’s proposed budget.

November 10, 2016

Consumer Comfort Rises to Highest Level Since April 2015

Sentiment among American consumers increased in the week after the presidential election to reach the highest level since April 2015 on more upbeat views about the economy, figures from the weekly Bloomberg Consumer Comfort Index showed Nov 17.

November 17, 2016

Speaker Ryan Urges Obama Administration to Stop Rulemaking

Before leaving town for Thanksgiving, House Speaker Paul Ryan reaffirmed his stance that federal regulators relax their rulemaking until the start of President-elect Donald Trump’s administration.

November 17, 2016

Entry-Level Driver Training Final Rule Clears White House

The White House Office of Management and Budget on Nov. 15 completed its review of the Federal Motor Carrier Safety Administration’s final rule on entry-level driver training, the final stage before being published in the Federal Register.

November 17, 2016

Virginia Tunnel Receives $338 Million Federal Loan

A new tunnel at Thimble Shoal Channel on Virginia’s Chesapeake Bay Bridge-Tunnel will receive a $338.5 million federal loan to help finance its construction, the U.S. Department of Transportation announced Nov. 14.

November 16, 2016

Navistar Plans to Launch ELD in 2017

ATLANTA — Truck maker Navistar Inc. announced plans to offer its own electronic logging device next year as the federal mandate of the technology draws nearer.

November 16, 2016

ELD Mandate to Boost Technology Adoption, but Surge in Demand Could Pose Challenges

ATLANTA — The upcoming federal mandate of electronic logging devices will spur a dramatic increase in technology adoption next year, but implementation could be messy as many carriers continue to wait as long as possible before installing the devices, analysts and technology vendors said.

November 16, 2016

N.J. Bond Rating Downgraded After Fuel Tax Hike

New Jersey’s bond rating was downgraded from “A” to “A-“ on Nov. 14 by S&P Global Ratings in the wake of the state’s massive fuel tax hike that became law last month.

November 16, 2016

Trump Team Floats ‘Infrastructure Bank’ Derided by Campaign

A key member of Donald Trump’s transition team said the incoming administration is exploring ways to fund bridge and road repairs, including the establishment of an “infrastructure bank,” a concept Hillary Clinton promoted and the Republican’s campaign derided.

November 16, 2016

Port of Virginia Signs $217 Million Deal to Acquire Automated Cranes

The Commonwealth of Virginia signed a deal with Konecranes to provide the Port of Virginia with 86 automated stacking cranes as part of a large-scale expansion at the Virginia International Gateway and Norfolk International Terminal over the next five years.

November 15, 2016