In 1975, President Gerald Ford signed into law a bill allowing states to permit higher truck weights on interstate highways, and it’s worth remembering the reason for the measure – a national speed limit of 55 miles-per-hour had crimped productivity for the nation’s truck drivers.

Consumer confidence declined to a five-week low as Americans grew even more downbeat about the prospects for the economy.

U.S. rail intermodal traffic rose 2.3% for the week ended July 18 as carloads continued to decline, the Association of American Railroads reported.

Canadian Pacific Railway cut its forecast for full-year revenue and earnings per-share growth while it seeks to control costs amid a decline in demand for commodities shipments.

Diesel’s national average price declined for the eighth consecutive week, dropping 3.2 cents to $2.782 per gallon, according to a report from the Department of Energy on July 20. The average price of gasoline fell by the identical amount.

The defense division of Mack Trucks has won two contracts to supply vehicles to the Canadian military.