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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, 2012TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
ATA Urges FMCSA to Keep Truck Safety Program’s Intent
The federal Compliance, Safety, Accountability program is in danger of turning its focus from its original intent — to reduce truck-related crashes, fatalities and injuries, American Trucking Associations said Thursday.
June 21, 2012ATA 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, 2012TWIC 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, 2012Michigan, 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, 2012New 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, 2012Consumer 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, 2012Arkansas 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, 2012Alabama 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, 2012Intermodal 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