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Infrastructure Funds, Tax Cuts Can Create Jobs, Obama Says

In his first State of the Union address, President Obama called on Congress to pass legislation to create jobs through infrastructure spending and tax cuts, but his proposed freeze in nondefense spending starting in 2011 could complicate the passage of a new highway bill, observers said last week.

February 1, 2010

Financing Market Seen Returning to Normal, But Loans to Fleets Are Becoming More Costly

Although the overall credit market appears to be returning to some semblance of normalcy, trucking executives said they still face higher borrowing costs as many commercial banks remain cautious about lending and uncertainty persists about the U.S. economic recovery.

February 1, 2010

Diesel Declines 3.7¢ to $2.833

The U.S. retail diesel average price fell 3.7 cents a gallon to $2.833 last week, the largest one-week decline since July, the Department of Energy reported.

February 1, 2010

DOT Bans Truck, Bus Operators from Texting While Driving

WASHINGTON — Transportation Secretary Ray LaHood last week issued an order immediately forbidding commercial drivers from texting on handheld mobile devices and instituting steep fines for violators.

February 1, 2010

December Truck Tonnage Rises

Truck tonnage rose in December for the first time in 15 months, year-over-year, as the U.S. economy picked up steam, American Trucking Associations reported.

February 1, 2010

Intermodal Traffic Grows for Week

U.S. intermodal rail traffic rose 2.9% last week compared with the same week last year, the Association of American Railroads said.

January 29, 2010

Paccar’s 4Q Earnings Decline

Truck maker Paccar Inc.’s fourth-quarter profit fell to $46.1 million, or 13 cents a share, from $113.1 million, or 31 cents, a year ago.

January 29, 2010

Winter Storm Hits Highways in Okla., Southeast

A winter storm heading eastward across Tennessee into the Carolinas Friday is causing havoc on roads due to ice and snow, news services reported.

January 29, 2010

IdleAire Ceasing Operations

IdleAire Inc., which provided stationary power for trucks to use at truck stops in lieu of idling, is ceasing operations Friday because it was unable to find a buyer for its assets, the Knoxville (Tenn.) News-Sentinel reported.

January 29, 2010

Fourth-Quarter GDP Grows at Fastest Pace in Six Years

The U.S. economy expanded at a 5.7% annual rate in the fourth quarter of last year, the fastest pace since the third quarter of 2003, the Commerce Department said Friday.

January 29, 2010