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, 2008BusinessSafetyGovernment
DOT Freight Transportation Index Jumps 4.1% in July
The Department of Transportation鈥檚 freight transportation services index jumped 4.1% in July from a year ago, the largest July-over-July gain in four years.
September 10, 2008FuelBusiness
DOE Lowers 鈥08 Diesel Forecast to $4.09 a Gallon
Diesel fuel will average $4.09 this year, down 9 cents from a previous forecast, the Department of Energy said.
September 10, 2008BusinessSafetyGovernment
House Passes Bill to Halt Mexican Trucks Program
The House voted 395-18 late Tuesday to halt the Department of Transportation鈥檚 year-old program to allow Mexican trucks free access to U.S. roads.
September 10, 2008BusinessSafetyGovernmentAutonomous
Editorial: Reducing Highway Fatalities
Trucking-related highway fatalities fell again last year, to their lowest level in 15 years, according to data from the Department of Transportation.
September 10, 2008Business
UPS to Make Capital Loans Available to Importers
UPS Inc. said it will make more loans available to small U.S. importers by using in-transit goods as collateral, helping companies speed up and expand shipments.
September 10, 2008GovernmentBusinessFuel
Oil Slides Below $103 a Barrel as Hurricane Ike Moves Into Gulf
Crude oil prices continued to slide early Wednesday, even as Hurricane Ike intensified as it moved into the Gulf of Mexico and a top OPEC official said the cartel would trim an oversupplied market, Bloomberg reported.
September 10, 2008BusinessFuelLogistics
Canadian Trucking Alliance Backs Call for Diesel Tax Cut
The head of the Canadian Trucking Alliance said an announcement by Prime Minister Stephen Harper that if re-elected he will cut the four cent per liter federal excise tax on diesel fuel in half was the right thing to do for the country鈥檚 truckers.
September 10, 2008BusinessFuelSafetyGovernment
DHL Testifies Before House Panel on UPS Air Deal
DHL Express Global Chief Executive Officer John Mullen told a House panel Tuesday that the company鈥檚 proposed deal to let UPS Inc. handle its North American air services was necessary for the company 鈥渢o remain a viable competitor in the U.S. market.鈥
September 9, 2008FuelBusinessLogisticsGovernment
Diesel Drops 6.2垄 to $4.059 in Eighth Straight Decline
The national average price of diesel fuel fell for an eighth straight week, dropping 6.2 cents to $4.059 a gallon, the Department of Energy said Monday.
September 9, 2008