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Rail, Intermodal Traffic Fall

Rail carload and intermodal traffic fell for last the first week of 2008 compared with the same week last year, the Association of American Railroads said.

January 11, 2008

Fed Chairman Says Rate Cut Likely

Federal Reserve Board Chairman Ben Bernanke said the Fed would cut interest rates as needed to prevent housing and credit problems from plunging the country into a recession, the Associated Press reported.

January 10, 2008

FedEx Says Its Drivers Are Classified Correctly

FedEx Corp. Chief Executive Frederick Smith he is confident the company’s FedEx Ground unit drivers are correctly classified and that the division remains “fundamentally strong” in the face of adverse court rulings.

January 10, 2008

DOT Freight Index Gains 1.8%

The Department of Transportation’s freight transportation services index for November rose 1.8% from a year earlier, DOT said Wednesday.

January 9, 2008

Polar Air Cargo to Begin U.S.-Japan Flights

Polar Air Cargo Worldwide said Wednesday it will begin service to Japan, from Chicago, starting Feb. 21.

January 9, 2008

N.J. Governor Backs Tolls Hike

New Jersey Gov. Jon Corzine (D) said he would sharply raise tolls to help pay off the state’s debt, the Newark Star-Ledger reported Wednesday.

January 9, 2008

Panel May Call for 40-Cent Gas-Tax Increase

A panel created to recommend ways to fund road construction plans to propose that federal gasoline taxes rise by as much as 40 cents a gallon over five years, Bloomberg reported.

January 9, 2008

Year in Review: Hours Battle Continued in ’07 as Adversaries Went to Court

The eyes of the trucking industry were firmly fixed on Washington for much of 2007, first watching a federal court deliberate over the fate of the hours-of-service rule, then looking to the Federal Motor Carrier Safety Administration to see how it would address the court’s ruling.

January 9, 2008

ATA Accepting Security Award Nominations

American Trucking Associations said nominations for its Security Council’s 2008 Excellence in Security Award and 2008 Security Professional of the Year Award are now being accepted.

January 7, 2008

UPS Expands International Express Service

UPS Inc. said Monday it is expanding an international air-freight service that guarantees delivery dates, as it leans more on global operations.

January 7, 2008