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Analyst Says Trucking Industry Firming Up, Raising Prices
A KeyBanc analyst said Thursday demand in the trucking industry is improving as downsizing and the failures of smaller companies have paved the way for existing trucks to carry more freight.
Budget Chairman: Tolling and Mileage Tax Still on Table
The chairman of the Senate Budget Committee says Congress should not rule out a mileage tax, tolling or public-private partnerships as funding options for transportation no matter how unpopular they may seem.
Truck Tonnage Shoots Up
Trucking is "clearly in a recovery mode," with the American Trucking Associations' truck tonnage index showing its strongest increase since January 2005 last month.
FMCSA Opens Driver Screening Website
The Federal Motor Carrier Safety Administration yesterday, Feb. 24, opened a website where carriers can register to access a safety database that will be set up for screening applicants for driving jobs.
U.S. Diesel Price Climbs 2.9 Cents, $2.861
The national average retail price of a gallon of diesel increased for the second consecutive week, this time climbing 2.9 cents to $2.861 for the week ending Monday, March 1.
Dec. NAFTA Trade up 10.5 Percent From Previous Year
Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 10.5 percent higher in December 2009 than in December 2008, with a value of $58.5 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
Manufacturing Index Hits Six Year High
Manufacturing business increased in January for the sixth consecutive month after 13 months of decline, according to a survey of the nation’s supply executives by the Institute for Supply Management.