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Fed Expanding Bond-Buy Program

The Federal Reserve will expand its program to replace short-term bonds with longer-term debt by $267 billion through the end of the year in a bid to reduce unemployment and protect the economy’s expansion, Bloomberg reported.

June 21, 2012

ATA Asks CFTC to Curb Oil Speculation

American Trucking Associations sent a letter Tuesday to the Commodities Future Trading Commission asking it to reduce offshore oil speculation that drives up the price of diesel and other end fuels.

June 19, 2012

TWIC Holders to Be Offered Three-Year Extensions

Facing long delays in deploying Transportation Worker Identification Credential biometric card readers at U.S. ports, federal officials will soon allow transportation workers to extend their expiring TWIC cards for three years at half the normal enrollment cost.

June 19, 2012

Michigan, Canada to Build New Detroit Bridge

Michigan and Canada have agreed to build a second bridge linking Detroit and Windsor, Ontario, Bloomberg reported Friday.

June 15, 2012

New York Manufacturing Index Falls

Manufacturing activity in the New York region expanded in June at the slowest rate in seven months, the Federal Reserve Bank of New York said Friday.

June 15, 2012

Consumer Confidence Drops in June

Consumer confidence dropped in June to the lowest level this year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

June 15, 2012

Arkansas Best to Acquire Panther Expedited

Arkansas Best Corp. on Thursday announced it will purchase Panther Expedited Services from a private equity firm for about $180 million.

June 14, 2012

Alabama Becomes 33rd State to Grant Truckers Liability Protection

A new law signed by Alabama Gov. Robert Bentley in May took effect immediately to protect truckers from having to choose between accepting loads and signing contracts that indemnify them.

June 12, 2012

Intermodal Firm Changes Name to Calhoun Truck Lines

The Midwest-based intermodal trucking company formerly known as Universal Transportation Services has changed its name to Calhoun Truck Lines, the company announced.

June 12, 2012