Oberstar Blasts White House over 18-Month Road Bill Delay
Rep. James Oberstar, chairman of the House Transportation and Infrastructure Committee, accused the White House of running for cover in its push to delay consideration of a new highway bill for 18 months.
August 17, 2009Rural Highway System Is Vital to Commerce, S.D. Trucking Executive Tells Senate Panel
Future U.S. economic vitality depends on an adequately funded rural road system that can accommodate heavier trucks, a South Dakota trucking company president told a Senate committee last week.
August 17, 2009FTC Rule Could Result in $1 Mln. Fine for Illegal Manipulation of Fuel Prices
In the face of growing pressure on the federal government to regulate oil markets and trading, the Federal Trade Commission has issued a new rule that could result in fines of up to $1 million if traders or companies are found manipulating fuel markets.
August 17, 2009Investor to Acquire 80% Stake in Gainey Reorganization Plan
Gainey Corp., a Michigan fleet seeking to emerge from bankruptcy, has reached agreement with lenders and unsecured creditors on a plan to give an 80% holding in the reorganized company to Arizona investor Najafi Companies.
August 17, 2009Technology Firms Say Potential Texting Ban Should Allow In-Cab Communication Units
Mobile communication providers said they are keeping a close eye on a proposed federal texting ban to make sure that in-cab computers are not inadvertently outlawed if the measure becomes law.
August 17, 2009Diesel Rises 7.5¢ to $2.625
The average retail price of a gallon of diesel in the United States rose 7.5 cents last week to $2.625, the highest level this year, the Energy Department reported.
August 17, 2009Intermodal, Rail Traffic Fall for Week
Intermodal rail traffic in the United States fell 16.6% last week compared with the same week last year, the Association of American Railroads said.
August 14, 2009Trimac Reports Lower 2Q Income
Canada-based transportation firm Trimac Income Fund earned C$1.1 million, or 3 cents per unit, in the second quarter, compared with C$2.6 million, or 9 cents, a year ago,
August 13, 2009DOT Freight Transport Index Plunges 14.2%
The Department of Transportation’s freight transportation services index fell 14.2% in June from a year earlier, the largest June-to-June decline in the 20 years in which it has been calculated.
August 12, 2009DHL Fined $9.4 Million for Embargo Violations
DHL Express will pay the U.S. government $9.4 million in fines to settle a dispute that it made shipments to Iran, Sudan and Syria in violation of U.S. embargoes, the Associated Press reported.
August 12, 2009