The Senate voted late Wednesday to add $8 billion to the federal highway trust fund, restoring solvency to an account that was running low on money needed to fund road and bridge projects around the country, the Associated Press reported.
September 11, 2008Search
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House Follows Senate in Approving $8 Billion for Highway Fund
A day after the Senate passed a bill to fund an $8 billion shortfall in the federal Highway Trust Fund, the House followed suit, voting 376-29 to approve a similar measure.
September 12, 2008Court Denies Calif. Port Stay; ATA Files Expedited Appeal
A federal judge last week denied American Trucking Associations’ request for a preliminary injunction against controversial portions of emission-reduction programs at the California ports of Los Angeles and Long Beach.
September 15, 2008Congress Refills Highway Fund
Congress, after an abrupt about-face by the Bush administration, moved quickly last week to transfer more than $8 billion into the Highway Trust Fund to keep the road-building finance program solvent.
September 15, 2008Trucking Companies Face Growing Cash Crunch as Shippers Struggle to Survive Downturn
Astronomic fuel prices are only part of the economic drag on trucking these days. Add the growing length of time on accounts receivables, more customer bankruptcies and the tightening of credit by suppliers and lenders, and it’s easy to see how carriers’ cash flow has ebbed.
September 15, 2008Fuel Prices Continue Downward
Fuel prices last week continued their slide from July’s record highs, as the U.S. retail average for diesel fuel dropped for an eighth straight week and gasoline for the ninth.
September 15, 2008Import Prices Fall 3.7% in August
The price of goods imported to the United States fell 3.7% in August, led by declining oil prices, the Labor Department said Thursday.
September 11, 2008Initial Jobless Claims Fall for Week
Initial jobless claims fell by 6,000 last week to 445,000, but total unemployment benefits rolls rose to the highest level in five years, the Labor Department said Thursday.
September 11, 2008Oil Falls Below $102 as Hurricane Ike Moves Toward Texas
Oil prices continued to fall toward $100 a barrel Thursday, even as Hurricane Ike strengthened in the Gulf of Mexico heading toward the Texas coast, Bloomberg reported.
September 11, 2008FHWA Denies Pennsylvania’s Plan to Toll I-80
The Federal Highway Administration said Thursday it has denied an application by the Pennsylvania Turnpike Commission to toll Interstate 80.
September 12, 2008