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Oberstar’s Road Bill Faces Survival Test

With the White House standing in his path and a pair of well-placed senators lining up with the administration, the guessing game in Washington is how long House Transportation Committee Chairman James Oberstar can keep his six-year highway reauthorization bill alive in Congress.

July 6, 2009

Freight Drop Eases in May

A 3.2% rise in American Trucking Associations’ truck tonnage index during May from weak results in April may indicate that the worst of the recession could be over, even though the index was 11% below year-ago levels, industry experts said.

July 6, 2009

Opinion: Consider GAAP Financial Statements

Finding quality financing for trucks and trailers recently has become more difficult for many trucking companies. The market has changed. Since last autumn, several transportation lenders have exited the business either permanently or temporarily, in large part because of losses and a lack

of liquidity.

July 2, 2009

Diesel Dips 0.8¢ to $2.608

U.S. retail diesel prices slipped 0.8 cent last week, providing a breather for the trucking industry after seven consecutive weeks of increases that had pushed the average cost to a seven-month high.

July 6, 2009

Amerijet Acquires Nations Express

Transportation and logistics firm Amerijet International said it will acquire a majority interest in Nations Express.

July 2, 2009

Factory Orders Rise in May

U.S. factory orders rose in May for the third time in four months, the Commerce Department said Thursday.

July 2, 2009

Landstar Buys Two Supply Chain Companies

Landstar System said it has purchased two Michigan-based supply chain transportation firms that focus on transportation technology systems.

July 2, 2009

TTNews to Close Friday for July 4th Holiday

Transport Topics Online will be closed Friday for the Independence Day holiday. Please check back Monday, July 6, for the latest trucking and freight transportation news.

July 2, 2009

Letter to the Editor: Reregulation, Please

Now that the federal government is taking over big businesses, it is time to reregulate trucking industry rating structures. We need price stabilization of rates so we can purchase equipment and train our personnel properly.

July 6, 2009