28 Feb Railroads to Trump: Greenlight Freight P3s Beneficial to Public Public-private partnerships for freight railroad infrastructure that are expected to significantly benefit the public should be implemented, the head of the Association of American Railroads said in a Feb. 28 letter to President Trump. Read more...
28 Feb Trump to Shift Biofuel Blending Burden Off US Refiners: Sources President Trump intends to revamp the national biofuels program to ease regulations on oil refiners while providing new incentives for ethanol and biodiesel production, people familiar with the plan told Reuters on Feb. 28. Read more...
28 Feb Starsky Robotics Sees 'Last Mile' Solution for Driverless Trucks California-based Starsky Robotics said on Feb. 28 it has a solution to on- and off-highway deliveries by self-driving trucks, including the "last mile" issue for how a driverless vehicle will deliver cargo at its final destination. Read more...
28 Feb Real-Time Data Notifications Boost Trucks' Access to Parking, ATRI says Equipping truckers with real-time notifications of available parking would significantly improve drivers' productivity and compliance with regulations, according to a new study from the American Transportation Research Institute. Read more...
28 Feb TravelCenters of America Income Falls as Growth Outpaces Fuel-Efficiency Headwinds TravelCenters of America, an operator of truck stops and convenience stores, reported lower net income for the fourth quarter and full year in 2016 as revenue was mixed. Read more...
28 Feb Economy: Consumer Confidence Rises to Highest Since July 2001, Home Prices Climb Consumer confidence unexpectedly increased in February to the highest level since July 2001, according to a report Feb. 28 from the New York-based Conference Board. The group's gauge rose to 114.8, from 111.6 in January. Read more...
28 Feb Tennessee Trucking Company Lesco Logistics Winding Down Operations Lesco Logistics, a Chattanooga trucking company with some 50 employees, will wind down its operations, according to the company's owners. Read more...
28 Feb Economy Grew 1.9% in Fourth Quarter, Unchanged From Early Estimate The U.S. economy grew in the fourth quarter at a 1.9% pace, unchanged from an initial estimate, as slower investment by businesses and state and local agencies offset stronger household purchases. Read more...
27 Feb Burlington Northern Santa Fe Profits Drop 8.4% Burlington Northern Santa Fe, the parent company of BNSF Railway, reported net income fell 8.4% in the fourth quarter but, similar to other Class I railroads, the decline in the final three months was significantly less than earlier in 2016. Read more...
27 Feb Diesel Rises 0.5¢ to $2.577 The U.S. average retail price of diesel rose 0.5 cent to $2.577 a gallon, diesel's third increase after four consecutive weekly declines, the Department of Energy reported Feb. 27. Read more...