Two key Senators introduced legislation Thursday that would increase the proportion of national freight transportation provided by modes other than trucks by 10% by 2020.
May 14, 2009Search
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Intermodal Freight Volume Falls 16% in First Quarter
Intermodal freight volume declined 16% in the first quarter of 2009 from a year earlier, in part because of stiffer truck competition for trailer shipments, the Intermodal Association of North America reported.
May 18, 2009EPA’s Record Budget Plan Spurs Debate in Congress Over Carbon Emissions
Details of the Environmental Protection Agency’s record $10.5 billion fiscal 2010 budget proposal — a 37% increase — quickly set off a partisan debate in Congress last week over the agency’s plans to regulate greenhouse gas emissions.
May 18, 2009Trailer Registrations Dive
Registrations of new trailers plummeted 62.5% in the first quarter as the economy weakened, and industry executives and analysts said trailer manufacturing was headed for its worst year since 1975.
May 18, 2009Truck Sales Remain Abysmal as April Total Drops 44.4%
Heavy-duty U.S. truck sales continued at a dismal pace in April, as monthly volume fell 44.4% from a year earlier, when sales were already declining. Year to date, sales are now 32.5% behind the comparable period of 2008, according to the latest monthly survey from WardsAuto.com.
May 18, 2009Gasoline Price Soars 16.2¢
The average price of retail gasoline soared last week, jumping 16.2 cents a gallon to a U.S. average of $2.24, leapfrogging diesel, which rose 3.1 cents to $2.216. Gasoline prices exceeded diesel for the first time in nearly two years.
May 18, 2009Trucking Begins to See Gains from Start of Stimulus Funds
Trucking is just beginning to glimpse benefits from the federal economic stimulus program, which could produce about $1.1 billion in carrier revenue over the next two years for moving materials used in infrastructure projects, industry and federal officials said.
May 18, 2009Intermodal, Rail Traffic Fall for Week
Intermodal rail traffic fell 21% last week compared with the same week last year, the Association of American Railroads said.
May 15, 2009Initial Weekly Jobless Claims Rise
Initial jobless claims rose last week while the number of people receiving continuing claims set a record for the 15th straight week, the Labor Department said Thursday.
May 14, 2009Wal-Mart Reports Flat First-Quarter Income
Wal-Mart Stores said Thursday its fiscal first-quarter profit was flat from a year ago as revenue from its international operations was hurt by a stronger dollar, the Associated Press reported.
May 14, 2009