Oberstar Seeks $500 Billion for Transportation Projects
The chairman of the transportation committee of the U.S. House of Representatives wants Congress to increase the funding available for highway and infrastructure projects to about $500 billion, almost twice the current allocation, Bloomberg reported.
March 31, 2008Fuel Efficiency in Spotlight at Mid-America Trucking Show
LOUISVILLE, Ky. — Talk of fuel efficiency and reduced engine emissions largely displaced glitz and chrome at center stage at the Mid-America Trucking Show last week.
March 31, 2008Equipment Lessors Consolidate, Reduce Fleet Sizes to Adjust for Changing Demand
A weak economy and a deteriorating business environment for truckers are creating challenges and opportunities for equipment leasing and rental companies, executives in the field say.
March 31, 2008Diesel Tops Previous High
The average retail price of U.S. diesel rose another 1.5 cents a gallon to $3.989 last week, extending to five the string of record-high fuel prices recorded by the Department of Energy’s weekly report.
March 31, 2008Consumer Confidence Falls to 16-Year Low
U.S. consumer confidence fell this month to a 16-year low, according to the Reuters/University of Michigan monthly consumer sentiment index, released Friday.
March 28, 2008UTI Worldwide’s Fourth-Quarter Earnings Decline
Air and ocean freight forwarder UTi Worldwide said its fiscal fourth-quarter profit fell 20% to $18 million, or 18 cents a share, including a restructuring charge that cut earnings by 6 cents a share.
March 28, 2008Personal Spending Rises 0.1%
Consumer personal spending rose in February at the slowest pace in more than a year, the Commerce Department said Friday.
March 28, 2008ATA Calls on Feds to Help Solve Fuel-Price ‘Crisis’
American Trucking Associations called for a series of steps by the federal government to alleviate it what it said was a crisis for the trucking industry caused by soaring fuel prices.
March 28, 2008UPS Puts 167 CNG Delivery Vans Into Service
UPS Inc. said Thursday it has put 167 compressed-natural-gas-powered delivery vehicles into service in Texas, Georgia and California.
March 27, 2008Covenant Projects 1Q Loss Due to High Fuel Costs
Truckload carrier Covenant Transportation Group said Thursday it will lose 40 cents to 50 cents per share in the first quarter, citing soaring diesel fuel prices.
March 27, 2008