This happened as total load volume on the spot market increased 7.2% with truck capacity up by 6.4%.
The U.S. Federal Reserve on Wednesday announced it would further reduce a stimulus program for the nation’s economy and is leaving interest rates unchanged.
The Bay Area Air Quality Management District announced that it will allocate $5 million dollars to fund more of the truck replacement applications received during the recent Goods Movement Program solicitation. The funds will be used to assist Bay Area truck owners in meeting the state’s approaching air quality mandates.
A truck driver pleaded guilty in federal court on Wednesday for his role in a cargo theft ring that included a theft in West Plains, Mo.
The investment holding company Biglari Holdings has acquired trucking insurance provider First Guard Insurance Co. and its affiliate, 1st Guard Corp.
A distracted truck driver failed to slow down, stuck the car ahead of him and pushed it off the Chesapeake Bay Bridge into the water 27 feet below. That’s the official National Transportation Safety Board conclusion in its analysis of the July 19, 2013, accident. The car’s driver managed to get out of the sinking vehicle and swim to safety with minor injuries.
The U.S. Labor Department reports the Consumer Price index increased 0.1% in February from the month before, the smallest hike since last October, while gaining just 1.1% over the last 12 months.