Transport Topics
Factory Orders Fall on Weak Demand for Transportation Equipment
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New orders for U.S. factory goods fell more than expected in May on weak demand for transportation and electrical equipment, a sign that manufacturing remained mired in a soft patch.
Congestion at West Coast Ports Lowered Economic Growth by 0.2 Percentage Points, Fed Says
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The Federal Reserve Bank of New York said congestion at West Coast ports lowered U.S. economic growth by 0.2 percentage points in the first quarter, the Wall Street Journal reported.
National Average Price of Diesel Falls for Sixth Week, Slipping 1.1¢ to $2.832
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The national average price of diesel declined 1.1 cents to $2.832 per gallon, marking its sixth consecutive weekly decrease, the Department of Energy reported July 6.
Volvo Becomes Second OEM to Pull Out of MATS Next Year
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Volvo Trucks has become the second truck manufacturer to decide against exhibiting at the Mid-America Trucking Show next year.
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