Business

The value of U.S. trade with Canada and Mexico declined 8% in July as the freight value carried by trucks also decreased, the Bureau of Transportation Statistics reported Sept. 29.

A Federal Motor Carrier Safety Administration proposed rule that would require commercial vehicles operating across interstates to display a certification label to note their safety would not reduce the risk of crashes, Rep. Richard Hanna (R-N.Y.) told the agency this month.

USA Truck Inc. announced that Martin Tewari has been named to the newly created position of president-Trucking, effective Sept. 30, with responsibility for the carrier’s asset-based operations, pricing and sales activities.

The American Transportation Research Institute reported that motor-carrier operating costs rose about 2% to $1.703 per mile from $1.676, primarily due to higher equipment and driver wage costs.

Omnitracs has launched a new branding initiative that unifies its holdings under a common name, reflecting the technology supplier’s move to integrate the companies it acquired in recent years into its core business.

Motorists logged a record 283.7 billion miles on U.S. roadways in July, the most ever for the month and up 4.2% from a year earlier, according to government data.

Consumer confidence unexpectedly rose in September as a resilient labor market helped Americans shake off the effects of tumbling stock prices.

Hapag-Lloyd, Germany’s biggest shipping line, is seeking to raise $500 million from the sale of new shares this year as it presses ahead with an initial public offering even as the Chinese economic slowdown and a rout in Volkswagen shares sparked turmoil on stock markets.

The average price of diesel fuel in the United States declined 1.7 cents a gallon to $2.476, the Department of Energy reported Sept. 28.