GM, Chrysler Bankruptcies May Weaken Freight Volumes
Truckers said they are adjusting to widespread fallout from the bankruptcy of General Motors Corp., whose vision of a scaled-down company could further weaken freight markets.
June 8, 2009Senators Reach Deal to Work on Single Bill for Freight Rail Competition, Antitrust
The path for 2009 freight rail legislation was simplified last week when Sens. Herb Kohl (D-Wis.) and Jay Rockefeller (D-W.Va.) agreed to work together on a single bill addressing shippers’ concerns about a lack of competition.
June 8, 2009Maryland Motor Truck Assn.’s Anne Ferro Named to Head FMCSA
President Obama has named Maryland Motor Truck Association President Anne Ferro to head the Federal Motor Carrier Administration.
June 5, 2009Unemployment Rate Rises to 9.4%
The U.S. unemployment rate jumped half a percentage point to 9.4% in May from 8.9% in April, but employers cut the fewest amount of jobs in eight months, the Labor Department said Friday.
June 5, 2009Intermodal Traffic Falls for Week, Month
Intermodal rail traffic fell 19.2% last week compared with the same week last year, the Association of American Railroads said.
June 5, 2009Opinion: Doublespeak Spoken There
I find it very odd that when Washington needs something from the people, they talk about family, but when the people need something from the government, they talk about business. This kind of duality of conflicting agendas contradicts reason and confuses everyone. Even if it is unintentional, it smacks of doublespeak.
June 5, 2009UTi Worldwide’s Profit, Revenue Decline
Air and freight forwarder UTi Worldwide reported a decline in net income and revenue for its fiscal first quarter, due the ongoing recession.
June 5, 2009Oil Closes Week Below $70
Oil topped $70 Friday before falling to close the trading week at more than $68 a barrel on the New York Mercantile Exchange, Bloomberg reported.
June 5, 2009Three-Day Roadcheck 2009 Wraps Up Thursday
The three-day Roadcheck 2009 event sponsored by the Commercial Safety Vehicle Alliance wraps up Thursday, with more than 1,000 checkpoints set up on roads and highways across North America to monitor truck safety compliance.
June 4, 2009FedEx to Take $885 Million 4Q Charge
FedEx Corp. will report $885 million in costs for its fourth fiscal quarter ended May 31 to write down the value of its Kinko’s Inc. and Watkins Motor Line acquisitions, Bloomberg reported.
June 4, 2009