The chairman of the transportation committee of the U.S. House of Representatives wants Congress to increase the funding available for highway and infrastructure projects to about $500 billion, almost twice the current allocation, Bloomberg reported.
March 31, 2008Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Smid to Succeed Skarka as President of Yellow Transportation
Less-than-truckload carrier YRC Worldwide said Monday that Maynard Skarka is retiring as president of Yellow Transportation and will be replaced by Mike Smid, president of YRC’s North American Transportation unit.
April 1, 2008Diesel Declines 2.5¢ to $3.964; Gasoline Climbs to Record $3.29
Diesel’s national average pump price saw its first decline in two months, falling 2.5 cents Monday to $3.964 a gallon, the Department of Energy reported.
April 1, 2008NAFTA Surface Trade Jumps 7.4%
Surface trade among the United States, Canada and Mexico jumped 7.4% in January from a year earlier, the Department of Transportation said Monday.
March 31, 2008Consumer Confidence Falls to 16-Year Low
U.S. consumer confidence fell this month to a 16-year low, according to the Reuters/University of Michigan monthly consumer sentiment index, released Friday.
March 28, 2008UTI Worldwide’s Fourth-Quarter Earnings Decline
Air and ocean freight forwarder UTi Worldwide said its fiscal fourth-quarter profit fell 20% to $18 million, or 18 cents a share, including a restructuring charge that cut earnings by 6 cents a share.
March 28, 2008Personal Spending Rises 0.1%
Consumer personal spending rose in February at the slowest pace in more than a year, the Commerce Department said Friday.
March 28, 2008Equipment Lessors Consolidate, Reduce Fleet Sizes to Adjust for Changing Demand
A weak economy and a deteriorating business environment for truckers are creating challenges and opportunities for equipment leasing and rental companies, executives in the field say.
March 31, 2008Fuel Efficiency in Spotlight at Mid-America Trucking Show
LOUISVILLE, Ky. — Talk of fuel efficiency and reduced engine emissions largely displaced glitz and chrome at center stage at the Mid-America Trucking Show last week.
March 31, 2008Diesel Tops Previous High
The average retail price of U.S. diesel rose another 1.5 cents a gallon to $3.989 last week, extending to five the string of record-high fuel prices recorded by the Department of Energy’s weekly report.
March 31, 2008