Audit Criticizes FHWA for Lax Oversight of Federal Highway Grants to States
Federal Highway Administration officials are not consistently meeting their congressionally mandated “stewardship and oversight” requirements to closely oversee billions of dollars in federal highway program grants to states, according to a new audit.
October 15, 2012FedEx Reducing Costs to Increase Its Profits
FedEx Corp. last week aimed to improve profits by $1.7 billion over the next three fiscal years, almost all from cutting costs and streamlining operations at the Express unit.
October 15, 2012Diesel and Gasoline Prices Both Increase
The average retail price of diesel rose 1.5 cents to $4.094 a gallon, the first increase in three weeks, while gasoline jumped 4.6 cents to $3.850, the Department of Energy said after its latest survey of filling stations.
October 15, 2012Michael Card Elected ATA Chairman
LAS VEGAS — Michael Card, president of Combined Transport, Central Point, Ore., was elected American Trucking Associations’ 68th chairman at ATA’s annual Management Conference & Exhibition here.
October 12, 2012Consumer Confidence Rises in October
Consumer confidence rose in October, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
October 12, 2012Heartland’s Income Drops
Heartland Express said its third-quarter profit fell 19.3% from a year ago.
October 12, 2012J.B. Hunt’s 3Q Income Improves
J.B. Hunt Transport Services said late Thursday its third-quarter net income rose from a year ago as operating income at two of its four business segments rose more than 20%.
October 12, 2012Producer Price Index Rises 1.1%
Prices paid to U.S. producers rose 1.1% in September, reflecting an increase in fuel costs, the Labor Department said Thursday.
October 12, 2012Intermodal Traffic Gains 3.8% for Week
U.S. intermodal traffic rose 3.8% last week over the same week a year ago, the Association of American Railroads reported.
October 12, 2012ATA Sets Policy on Potential Sleep Disorder Screenings
LAS VEGAS — American Trucking Associations’ directors told federal officials that any regulations on sleep disorder screenings should be developed through the formal rulemaking process and not through an informal procedure.
October 11, 2012