State Cancels Trans Texas Corridor

The Trans Texas Corridor, a plan to build hundreds highways, rail lines and utilities along the interstate 35 and 69 corridors in Texas, has been canceled, said Amadeo Saenz, executive director of the Texas Department of Transportation.

Diesel Drops 3.6¢ to $2.291;
Gasoline Rises 7.1¢ to $1.684

The average nationwide pump price of diesel fuel fell 3.6 cents to $2.291 a gallon, while gasoline rose for the first time in 16 weeks, the Department of Energy said Monday.

UPS, Ryder Name Key Executives

UPS Inc. said Tuesday that Myron Gray will oversee its U.S. package operations in February, replacing Jim Winestock, who will retire.

November Factory Orders Fall 4.6%

U.S. factory orders fell 4.6% in November, the Commerce Department said Thursday.

ISM Services Index Improves but Shows Contraction

The U.S. economy’s service sector improved, but showed contraction for a third straight month in December, the Institute for Supply Management said Tuesday.

Stimulus Plan Includes Tax Refunds for Businesses

President-elect Barack Obama's proposed economic stimulus plan would include billions of dollars of refunds for taxes paid years ago, the Associated Press reported.

November Tonnage Falls 1.8%

November truck tonnage declined 1.8% on a seasonally adjusted basis from year-earlier levels and 15.4% on an unadjusted basis, delivering the latest evidence that the economic downturn is putting ever more pressure on fleets.

Economic Woes Top Concerns as a Year of Challenges Begins

Trucking’s difficulties are expected to continue this year, as many carriers struggle for survival while freight volumes fall, financial market turmoil continues and a new political landscape takes shape.

A Less-Than-Truckload Life More Than a Bit Unusual

THOMASVILLE, N.C. — But for the vagaries of history, Earl Congdon’s family business could have been Florida motels rather than less-than-truckload transportation.

Diesel Price Declines to $2.327

The U.S. diesel average fell a combined 9.5 cents over the final two weeks of 2008 to $2.327 a gallon, ending the year at its lowest level since June 2005, the Department of Energy reported.