Natso Joins R.I. Trucking Association in Fight Against Truck-Only Tolls
The Rhode Island Trucking Association has a new ally, the National Association of Truck Stop Operators, in its ongoing battle against Gov. Gina Raimondo’s trucks-only tolling plan.
October 18, 2016Oil Seen Stuck in $50 to $60 Range as Shale Blunts OPEC Action
The world should get used to oil prices between $50 and $60 a barrel as falling costs in America’s shale fields counteract OPEC’s renewed commitment to supply management.
October 18, 2016FMCSA Awards Nearly $1 Million for Veterans' CMV Driver Education
The Federal Motor Carrier Safety Administration announced on Oct. 18 that it has awarded nearly $1 million in grants to seven technical and community colleges to help military veterans become commercial bus and truck drivers.
October 18, 2016Former Treasury Secretary Urges US to Spend 1% of GDP Annually on Infrastructure
Former U.S. Treasury Secretary Lawrence Summers called for a $2.5 trillion infrastructure investment program over 10 years to energize the American economy and help it exit from secular stagnation.
October 18, 2016Minnesota DOT Recognizes Importance of Freight in Its Highway Program
Freight is now its own category in Minnesota’s highway investment plan for the first time. Spurred by a requirement of the federal FAST Act, Minnesota’s Department of Transportation has allocated $610 million to freight in the $21 billion, 20-year plan.
October 18, 2016Kuehne + Nagel Earnings Decline Even as Sea Freight Volume Rises
Kuehne + Nagel Inc. reported third-quarter earnings before interest, taxes, depreciation and amortization fell 3.6% to $273 million, counter to analysts’ average estimate of a 6.4% increase to $267 million.
October 18, 2016Consumer Prices Rise at Fastest Pace in Five Months
The cost of living in the United States rose at the fastest pace in five months on energy and shelter prices, a sign inflation is getting closer to the Federal Reserve’s goal.
October 18, 2016ARTBA Unveils Clinton, Trump Transportation Overview
The murky transportation picture in the 2016 presidential contest got a bit clearer, courtesy of the American Road and Transportation Builders Association.
October 17, 2016Diesel Average Jumps 3.6¢ to $2.481
The U.S. average retail price of diesel climbed again, rising 3.6 cents to $2.481 a gallon, according to the Department of Energy, amid signs crude production in some countries was on the rise.
October 17, 2016Family May Be Driving Schneider IPO
Underlying the plans by multibillion-dollar Schneider trucking company to go public are likely the varying desires of different family members to cash in on at least some of their ownership interest.
October 17, 2016