06 Apr Consumer Comfort Rises for Fifth Time in Last Six Weeks Americans' confidence climbed for the fifth time in the last six weeks, resulting in the strongest quarterly sentiment since 2007, Bloomberg Consumer Comfort Index figures showed April 6. Read more...
06 Apr Jobless Claims Decline to a Five-Week Low of 234,000 Filings for U.S. unemployment benefits declined to a five-week low, highlighting a resilient job market, a Labor Department report showed April 6. Read more...
05 Apr Penske Adds Tech Consulting Service, Plans to Offer ELDs for Rental Trucks Penske Truck Leasing has launched a technology consulting group and said it plans to begin offering portable electronic logging devices for its rental trucks later this year. Read more...
05 Apr Peloton Technology Raises Cash for Automated Truck Convoy Technology Peloton Technology, a startup backed by Intel Corp., is raising more cash to fund its bid to improve highway safety and generate huge savings for the $700 billion trucking industry. Read more...
05 Apr Truck Orders Remain Steady in March, Exceed 22,000 for Month Preliminary Class 8 net orders for March were 22,800 units, slightly above expectations and much higher than a year ago for the third consecutive month, research company FTR reported. Read more...
05 Apr Trucking Executive Calls on Congress to Raise Fuel Taxes WASHINGTON - Raising the federal tax on fuel and indexing it to inflation would be the most ideal approach for restoring long-term funding for big-ticket infrastructure maintenance programs, Werner Enterprises Inc. CEO Derek Leathers told a Senate panel on April 4. Read more...
05 Apr Service Industries Grow at Slowest Pace in Five Months American service companies expanded in March at the slowest pace in five months, adding to signs of tepid economic growth in the first quarter, a survey by the Institute for Supply Management showed April 5. Read more...
05 Apr California Environmental Advocates Furious Over Legislation Seen as Break for Trucking Industry SACRAMENTO, Calif. - The Democratic plan to fix California's roads faces major opposition from environmental and health advocates who are furious about a provision in the legislation that they say would give the trucking industry a significant break from pollution regulations. Read more...
05 Apr Louisiana Business Group Urges State Lawmakers to Approve Gas Tax to Fix Roads The Baton Rouge Area Chamber and 21 other groups April 4 urged state lawmakers to approve an increase of at least $500 million per year for roads, bridges and other transportation needs. Read more...
05 Apr Global Shipping Fleet Braces for Chaos of $60 Billion Fuel Shock Little more than 2½ years from now, the global fleet of merchant ships will have to reduce drastically how much sulfur their engines belch into the atmosphere. Read more...