16 Aug United Road Services Names Mark Anderson President United Road Services announced that Mark Anderson has been named president of the car hauler as CEO Kathleen McCann adds the additional role of chairman of the board. Read more...
16 Aug Oil Rises to Five-Week High on Freeze Optimism, Weakening Dollar Oil closed at its highest level in five weeks, bolstered by a weakening dollar and speculation that OPEC talks next month could result in a crude output freeze. Read more...
16 Aug Feds Roll Out Phase 2 on Greenhouse Gases The Obama administration rolled out the final version of its Phase 2 rule on greenhouse gas emissions from heavy- and medium-duty trucks Aug. 16, with top administration officials saying the mandate will save 1.1 billion metric tons of carbon dioxide and other GHGs through the final rollout date of 2027. Read more...
16 Aug ATA's Spear on Fox Business News: Autonomous Trucks Can Improve Job Growth in Sector American Trucking Associations President Chris Spear appeared on Fox Business News on Aug. 16, and for the third time in less than a week, addressed the topic of autonomous trucks. See video. Read more...
16 Aug Louisiana Flooding Affects Freight Movement in State With parts of Louisiana getting between two and three feet of rain over the last three days, more than 280 flooded state roads were closed to traffic on Aug. 15, affecting freight movement. Read more...
16 Aug World's Biggest Shipping Firm Warns Against US Protectionism A. P. Moeller-Maersk A/S, a Danish conglomerate that owns the world's largest container shipping company, is voicing concern as a potential shift in U.S. policy threatens to reduce global trade. Read more...
16 Aug Providence and Worcester Railroad Sold for $125 Million Genesee & Wyoming Inc. has an agreement to buy Worcester's Providence and Worcester Railroad Co. under a $125 million deal unveiled Aug. 15. Read more...
16 Aug Consumer Prices Unchanged in July as Fuel Costs Ease The U.S. cost of living was little changed in July, a sign subdued inflationary pressures will give Federal Reserve policymakers reason to keep interest rates low. Read more...
16 Aug Factory Production Increases More Than Expected Factory production in the United States grew 0.5% last month, the fastest pace in a year, as mining rebounded and utility use climbed, data from the Federal Reserve showed Aug. 16 in Washington. Read more...
16 Aug Housing Starts Climb to a Five-Month High in July U.S. home construction unexpectedly accelerated in July to the fastest pace in five months, indicating the housing industry remains an area of support for the economy. Read more...