IANA Elects Union Pacific’s Michaels Chairman
The Intermodal Association of North America last week announced that Barry Michaels, vice president of intermodal operations at Union Pacific Railroad, is the group’s new chairman.
January 17, 2013ABF Expands Ocean Transport to South America
ABF Freight System said it has expanded its ocean transport coverage to several countries in South America.
January 17, 2013Petri to Chair House Highway Subcommittee
Rep. Tom Petri (R-Wis.) was named the new chairman of the House Transportation Committee’s subcommittee on highways and transit.
January 17, 2013TransForce to Acquire Velocity Express
TransForce Inc. said Thursday it has entered into an agreement to acquire Velocity Express and its subsidiaries. No terms were disclosed.
January 17, 2013Housing Starts Jump to Four-Year High
Housing starts jumped 12.1% in December to a four-year high, the Commerce Department said Thursday.
January 17, 2013Initial Jobless Claims Drop to Five-Year Low
Initial jobless claims decreased by 37,000 to 335,000 last week to the lowest level in five years, the Labor Department said Thursday.
January 17, 2013Trucking, Transportation Activity Improved Late Last Year, Fed ‘Beige Book’ Report Says
The U.S. economy improved late last year, with trucking and transportation services showing gains, the Federal Reserve said.
January 16, 2013AASHTO Backs $50 Billion in Transportation Infrastructure Bonds
The head of the American Association of State Highway and Transportation Officials said Wednesday that Congress should pass legislation for a $50 billion bond program to fund needed transportation projects.
January 16, 2013Oil Tops $94 a Barrel Following DOE Inventories Report
Oil rose to more than $94 a barrel Wednesday, the highest closing price in almost four months, following a Department of Energy report that said supplies declined last week, Bloomberg News reported.
January 16, 2013Mullen, Contrans Boosting Dividends
Two Canadian trucking companies, Mullen Group and Contrans Group, said they will boost dividend payments.
January 16, 2013