Truck tonnage surged 7.5% in April from a year ago, the fifth straight year-to-year increase and the largest gain in more than five years, American Trucking Associations said.
May 28, 2010GovernmentBusinessFuel
Details of Plan to Raise Truck Fuel Economy Remain to Be Spelled Out, Observers Say
WASHINGTON — A week after President Obama announced that the federal government would be crafting the first-ever fuel economy standards for large trucks, observers said it was still unclear exactly what those standards would entail.
May 31, 2010BusinessSafety
Senate Passes Banking Reform Legislation
The Senate passed its version of banking reform on May 20, including provisions that would impose tighter regulations on the trading of derivatives such as crude oil.
May 31, 2010BusinessFuel
Diesel Drops 7.3¢ to $3.021
The average retail price paid for a gallon of diesel dropped 7.3 cents to $3.021 last week, the Energy Department said, as the biggest one-week decline in nearly 18 months followed a recent slide in crude oil prices.
May 31, 2010Business
Officials Concerned About Shortages of Road Paint
State transportation officials are concerned that shortages of the paint used for road stripes could slow highway construction this summer, CNN reported.
May 28, 2010BusinessSafetyGovernmentAutonomous
TTNews To Close Monday for Memorial Day
Transport Topics Online will be closed Monday for the Memorial Day holiday. Please check back on Tuesday, June 1, for the latest trucking and freight transportation news.
May 28, 2010Business
Memorial Day Travel to Rise 5.4%, AAA Says
The motorist group AAA said that travel over the Memorial Day weekend will jump 5.4% from a year ago as an improved economy prompts more Americans to hit the road, Reuters reported.
May 28, 2010BusinessFuelGovernmentLogistics
Expeditors Sees Air, Ocean Tonnage Increase
Logistics firm Expeditors International of Washington said airfreight tonnage has risen 40% in the first three months of 2010 compared to last year, the Associated Press reported.
May 28, 2010BusinessGovernmentLogistics
Consumer Confidence Rises in May
U.S. consumer confidence increased this month, according to the latest Reuters/University of Michigan monthly consumer sentiment index released Friday.
May 28, 2010Business
Chicago Manufacturing Shows Continued Expansion
Manufacturing activity in the Chicago region declined in May but showed expansion for an eighth straight month, the Institute for Supply Chain Management-Chicago said Friday.
May 28, 2010