Two key Senators introduced legislation Thursday that would increase the proportion of national freight transportation provided by modes other than trucks by 10% by 2020.
May 14, 2009Search
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Trucking Hit by 鈥楶erfect Storm,鈥 Hebe Says
SAN DIEGO 鈥 A 鈥減erfect storm鈥 of a nose-diving economy, high fuel prices and governmental missteps have all combined to ravage the trucking industry and the companies that supply its equipment, according to Jim Hebe, senior vice president of North American sales for Navistar Inc.
May 18, 2009YRC in Talks With Lenders
YRC Worldwide Inc. said last week it was talking with lenders about a possible third renegotiation of its credit agreement, and that it had deferred almost $40 million in pension-fund payments.
May 18, 2009Congress Seen Taking Lead On Transport Policy, Not DOT
The debate over future surface transportation policy is likely to be directed by Congress, rather than the Obama administration, several industry lobbyists said following the recent release of nu-merous documents.
May 18, 2009Volvo Backs Use of Longer, Heavier Trucks
BOSTON 鈥 Volvo Trucks joined the argument over allowing longer, heavier trucks on U.S. highways, saying Congress should allow them on the interstate system to relieve congestion, increase productivity, conserve fuel and cut greenhouse gas emissions.
May 18, 2009Intermodal Freight Volume Falls 16% in First Quarter
Intermodal freight volume declined 16% in the first quarter of 2009 from a year earlier, in part because of stiffer truck competition for trailer shipments, the Intermodal Association of North America reported.
May 18, 2009EPA鈥檚 Record Budget Plan Spurs Debate in Congress Over Carbon Emissions
Details of the Environmental Protection Agency鈥檚 record $10.5 billion fiscal 2010 budget proposal 鈥 a 37% increase 鈥 quickly set off a partisan debate in Congress last week over the agency鈥檚 plans to regulate greenhouse gas emissions.
May 18, 2009Gasoline Price Soars 16.2垄
The average price of retail gasoline soared last week, jumping 16.2 cents a gallon to a U.S. average of $2.24, leapfrogging diesel, which rose 3.1 cents to $2.216. Gasoline prices exceeded diesel for the first time in nearly two years.
May 18, 2009Producer Prices Rise 0.3% in April
Prices paid to U.S. producers increased 0.3% in April, the Labor Department said Thursday.
May 14, 2009DOT Freight Index Falls 6.5% in March
The Department of Transportation said its freight transportation services index fell 6.5% in March from a year earlier to its lowest level in more than six years.
May 13, 2009