Capitol Agenda for the Week of June 7: Foxx and Friends
Transportation Secretary Anthony Foxx appears before the Senate Commerce Committee on June 8 to talk about a variety of topics, including the FAST Act of 2015. That, and everything else that is ahead this week for trucking on Capitol Hill.
June 7, 2016Diesel Jumps 2.5¢ to $2.407
The U.S. retail diesel average climbed 2.5 cents to $2.407, the Department of Energy said, increasing for the 15th time in 16 weeks as crude oil flirted with $50 per barrel.
June 6, 2016DTNA to Reduce Workforce by 1,240
Daimler Trucks North America announced plans June 6 to reduce its North American manufacturing workforce by about 1,240 positions.
June 6, 2016Fed's Yellen Sees Rate Hikes Ahead, But Few Hints on When
PHILADELPHIA — Federal Reserve Chair Janet Yellen on June 6 gave a largely upbeat assessment of the U.S. economic outlook and said interest rate hikes are coming, but, in an omission that stood out to some investors, gave little sense of when.
June 6, 2016Freight Broker Report Shows Margins Still Improving
Freight brokers’ profit margins continue to improve, based on the latest report from the Transportation Intermediaries Association, which showed both year-over-year and sequential progress in the first quarter.
June 6, 2016GPS Reliance Gets Trucks Stuck, and Vermont is Fed Up
Starting July 1, truckers who get stuck in Smugglers Notch — a scenic, narrow, winding road in Vermont — will be subject to fines of up to $2,000 for a first offense.
June 6, 2016Eyes Are on Drilling Rigs as Oil Flirts With $50 a Barrel
The oil market is turning its attention back to the United States as more of its rigs return to work after a surge to $50 a barrel, raising concern that a production rebound may stifle crude’s recovery.
June 6, 2016DAT Solutions Offers TMS for Entry-Level Brokers
Load board operator DAT Solutions announced that it had introduced transportation management software designed for entry-level freight brokers called DAT Keypoint Ops.
June 6, 2016Spireon Names Kevin Weiss New CEO
Technology provider Spireon announced the appointment of Kevin Weiss as CEO, and said that it reached the milestone of 3 million active subscribers for its telematics services.
June 6, 2016CAI International Acquires Logistics Companies for $12 Million
CAI International Inc., a logistics and transportation finance company, said it has acquired Hybrid Logistics Inc. and affiliate company General Transportation Services Inc. for $12 million to expand in the U.S. brokerage market.
June 6, 2016