The day after the Federal Motor Carrier Safety Administration stated its general satisfaction with a Government Accountability Office study of the hours-of-service changes implemented in 2013, the American Trucking Associations slammed the safety agency for “cherry-picking” a few points “in a desperate effort to influence lawmakers.”
UPS announced it's buying Coyote Logistics, a non-asset-based truckload freight brokerage company, giving it a major presence in the U.S. truckload brokerage market.
The Senate passed its massive and contentious long-term highway bill and then approved the three-month extension of federal highway funding passed earlier by the House. The $8 billion patch, which runs out on October 29, has been sent to President Obama, who is expected to sign the bill.
The first reading on how well the American economy performed in the second quarter of the year shows it accelerated well ahead of the first quarter pace, according to the U.S. Commerce Department.
UPDATED -- The parent to several trucking companies moved from a loss in the second quarter of last year to a profit in the most recent quarter.