The Obama administration is warning that the Federal Highway Trust fund will run out of money in August if lawmakers don't give it an infusion of $5 billion to $7 billion, the Associated Press reported.
June 3, 2009Search
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UTi Worldwides Profit, Revenue Decline
Air and freight forwarder UTi Worldwide reported a decline in net income and revenue for its fiscal first quarter, due the ongoing recession.
June 5, 2009FHWA Nominee Seeks Balance on Truck-Weight Issue
WASHINGTON President Obamas nominee to head the Federal Highway Administration told a Senate panel he considers it important to look for balance in debating truck size limits.
June 3, 2009ISM Services Index Improves in May
The U.S. economys service sector improved last month with its highest reading in seven months but still showed contraction, the Institute for Supply Management said Wednesday.
June 3, 2009New-Vehicle Sales Reach 2009 High in May
U.S. new-vehicle sales rose to their highest level of the year in May, but demand is still below the levels that most automakers need to be profitable, the New York Times reported Wednesday.
June 3, 2009April Factory Orders Improve
U.S. factory orders rose in April for the second time in three months, the Commerce Department said Wednesday.
June 3, 2009Navteq to Supply Digital Maps for Freightliner
Mapping technology firm Navteq said Wednesday it will supply the digital maps used for GPS-assisted cruise control in Freightliner's Cascadia brand trucks.
June 3, 2009Oil Drops $2 After DOE Cites Higher Inventories
Oil prices took their biggest one-day drop in six weeks Wednesday to near $66 a barrel following an Energy Department report that showed crude inventories improved last week, Bloomberg reported.
June 3, 2009Shorter Supply Chains Mean More Growth for Truckload Carriers, Officials Say
NEW YORK Truckload carriers are well-positioned to grow faster as supply chains continue to shorten in the next several years because of their speed and flexibility advantages over intermodal movement, major shippers and carriers agreed.
June 3, 2009CEVA Retains Ford Contract
CEVA Logistics said it won renewal of a contract to provide inbound logistics services for a Ford Motor Co. plant in Claycomo, Mo.
June 3, 2009