The Department of Transportation’s freight transportation services index for May rose 2.1% from a year ago, and showed a month-to-month gain, DOT said Wednesday.
July 9, 2008Search
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OOIDA Plans Challenge to Ontario Speed Limiters
A group representing owner-operators said it will challenge the legality of recently passed legislation in Ontario mandating speed limiters on trucks to cap speeds at 65 miles per hour in the Canadian province.
July 9, 2008Bush Expected to Sign Bill Aimed at Reducing Ships’ Emissions
Cargo ships would have to reduce their emissions under federal legislation approved by Congress, which President Bush is expected to sign into law, the Ventura County (Calif.) Star newspaper reported Wednesday.
July 9, 2008FMCSA Cracking Down on Rogue Interstate Moving Companies
The Federal Motor Carrier Safety Administration said Wednesday it will continue to target rogue interstate moving companies that violate federal consumer protection and safety regulations.
July 9, 2008Trucking Executive Calls for Higher Weight Limits
Raising allowable truck weight limits by 21% would save carriers fuel, while reducing traffic and emissions, a trucking executive told Congress Wednesday.
July 10, 2008Covenant Sets Refinancing Plan With Daimler Truck Financial
Covenant Transportation Group said it completed the first step in refinancing its long-term debt, including a secured revenue equipment financing agreement with Daimler Truck Financial for about $200 million.
July 8, 2008Wholesale Inventories Rise 0.8%
Wholesale inventories rose 0.8% in May, the Commerce Department said Tuesday.
July 8, 2008Oil Drops $5 to $136 a Barrel; Declines $9 in Two Trading Days
Oil prices fell more than $5 Tuesday to close near $136 a barrel, as the U.S. dollar continued to strengthen and fears of a supply shortage faded, the Associated Press reported.
July 8, 2008Navistar Raises Prices on International Brand Trucks
Citing high commodity prices, Navistar International Corp. said late Tuesday it is raising prices on its International brand trucks, effective immediately.
July 9, 2008Pa. Lawmaker Says Turnpike Lease Deal Is Dead
A key Pennsylvania state lawmaker said that a plan backed by Gov. Ed Rendell to lease the Pennsylvania Turnpike is essentially dead, the Associated Press reported.
July 8, 2008