The Department of Energy lowered its 2011 diesel price forecast by a nickel to $3.80 a gallon and lowered its 2012 forecast by 14 cents, to $3.73, reflecting recent declines in oil prices.
October 12, 2011Business
Congress Approves Three Free-Trade Deals
Congress approved the biggest free-trade agreements since 1994, approving deals with South Korea, Colombia and Panama late Wednesday that are expected to be signed by President Obama, Bloomberg reported.
October 13, 2011BusinessLogistics
FedEx Ground Expands Network with New Distribution Hub
FedEx Ground, the small-package ground unit of FedEx Corp., on Wednesday announced the opening of a new $100 million distribution hub.
October 13, 2011GovernmentBusiness
Infrastructure Bank ‘Dead on Arrival,’ House Transportation Committee Says
WASHINGTON — House Republicans attacked President Obama’s proposal for a national infrastructure bank at a hearing Wednesday, saying it is unnecessary and its goals could be achieved through other means.
October 13, 2011BusinessLogistics
Menlo Launches Transportation Services
Menlo Worldwide Logistics has announced it is rolling out Menlo Transportation Services as a single, unified service to complement other supply chain and logistics offerings.
October 13, 2011Business
U.S. Trade Deficit Unchanged in August
The U.S. trade deficit was little changed in August at $45.6 billion, down slightly from $45.8 billion in July, the Commerce Department said Thursday.
October 13, 2011Business
Jobless Claims Dip for Week
Initial jobless claims dipped by 1,000 last week to 404,000, the Labor Department said Thursday.
October 13, 2011Business
I-64 Bridge Linking Indiana, Kentucky To Close for Six Months of Repairs
The Interstate 64 bridge spanning the Ohio River between Louisville, Ky., and southern Indiana must be closed for six months, transportation officials said.
October 12, 2011BusinessTechnology
iTECH: Carriers Undeterred by EOBR Delay
Despite a federal appellate court ruling tossing out a new mandate that would eventually have required all motor carriers to install electronic on-board recorders in their vehicles, several fleets said they would press forward with their plans to add the devices.
October 12, 2011Business
Celadon Buys 6.3% Stake in USA Truck
Celadon Group has bought a 6.3% stake in fellow truckload carrier USA Truck, the Associated Press reported, citing a Celadon regulatory filing.
October 12, 2011