Oil Market Embraces Lower-for-Longer Price View as Futures Sink
The global oil surplus increasingly looks like a problem that will take years rather than months to solve — and the market is pricing that in.
July 30, 2015TIGER Grant Requests Total $9.8 Billion; DOT Has $500 million to Spend
State governments have inundated the U.S. Department of Transportation with applications for TIGER grants, filing 625 applications worth $9.8 billion while DOT has only $500 million to disperse this year.
July 30, 2015Nafta Trade Drops 10.8%; Truck Freight Dips
U.S. trade with Canada and Mexico declined 10.8% in May and freight carried by trucks also declined, the Bureau of Transportation Statistics reported July 30.
July 30, 2015Senate Passes Three-Month Highway Funding Patch
Federal authority for highway programs will continue uninterrupted through October when President Obama signs a three-month funding extension of the Highway Trust Fund the Senate easily cleared July 30.
July 30, 2015Con-way Net Income Drops 18% on Lower LTL, TL Profits
Net income fell 18% at Con-way Inc. in the second quarter, pushed down by weaker results at its less-than-truckload and truckload businesses.
July 30, 2015It’s Amazon’s World, the Postal Service Just Delivers in It
The U.S. Postal Service has been delivering groceries to customers of Amazon.com in selected areas since October 2014.
July 30, 2015EBE Partners With DriverFacts to Streamline Driver Recruiting
EBE Technologies Inc., a provider of business-process management software for the transportation industry, said it has partnered with DriverFacts to streamline the driver-recruitment process.
July 30, 2015Jobless Claims Climb From Four-Decade Low
Applications for U.S. unemployment benefits rose last week after reaching a four-decade low, consistent with a stronger labor market.
July 30, 2015House Advances 3-Month Highway Funding Patch
Before adjourning for the August break, House Republican leaders on July 29 garnered sufficient support from Democrats to send to the Senate a measure that would authorize funding for the Highway Trust Fund for three months.
July 29, 2015Fed Sees Improved Labor, Housing Markets; Interest Rate Hikes Draw Closer
Federal Reserve policymakers said the labor market and housing have improved, moving closer to ending an unprecedented period of near-zero interest rates without providing a clear signal on the timing of liftoff.
July 29, 2015