DOT Freight Transport Index Rises 4.6%
The Department of Transportation’s freight transportation services index rose 4.6% in August from a year ago as shipments reached their highest level in three years, DOT said Thursday.
October 13, 2011First Mexican Trucking Permit Delayed on Safety Concerns
The Department of Transportation is delaying the first permit for a Mexican trucking company to start cross-border operations, citing safety questions raised in public comments, Bloomberg reported Thursday.
October 13, 2011Congress Approves Three Free-Trade Deals
Congress approved the biggest free-trade agreements since 1994, approving deals with South Korea, Colombia and Panama late Wednesday that are expected to be signed by President Obama, Bloomberg reported.
October 13, 2011FedEx Ground Expands Network with New Distribution Hub
FedEx Ground, the small-package ground unit of FedEx Corp., on Wednesday announced the opening of a new $100 million distribution hub.
October 13, 2011Infrastructure Bank ‘Dead on Arrival,’ House Transportation Committee Says
WASHINGTON — House Republicans attacked President Obama’s proposal for a national infrastructure bank at a hearing Wednesday, saying it is unnecessary and its goals could be achieved through other means.
October 13, 2011Menlo Launches Transportation Services
Menlo Worldwide Logistics has announced it is rolling out Menlo Transportation Services as a single, unified service to complement other supply chain and logistics offerings.
October 13, 2011U.S. Trade Deficit Unchanged in August
The U.S. trade deficit was little changed in August at $45.6 billion, down slightly from $45.8 billion in July, the Commerce Department said Thursday.
October 13, 2011Jobless Claims Dip for Week
Initial jobless claims dipped by 1,000 last week to 404,000, the Labor Department said Thursday.
October 13, 2011I-64 Bridge Linking Indiana, Kentucky To Close for Six Months of Repairs
The Interstate 64 bridge spanning the Ohio River between Louisville, Ky., and southern Indiana must be closed for six months, transportation officials said.
October 12, 2011DOE Lowers 2011 Diesel Price Forecast to $3.80 a Gallon
The Department of Energy lowered its 2011 diesel price forecast by a nickel to $3.80 a gallon and lowered its 2012 forecast by 14 cents, to $3.73, reflecting recent declines in oil prices.
October 12, 2011