Transport Topics
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The cost of moving and storing goods in the United States rose 3.1% in 2014 to $1.45 trillion, the highest level since before the recession, according to an annual State of Logistics report presented by the Council of Supply Chain Management Professionals in Washington, D.C., on June 23.
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Truck tonnage rose 1.8% last month, the smallest year-over-year increase since February 2013, because weakness in factory output and less replenishment of inventory depressed freight levels, American Trucking Associations reported.
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WASHINGTON - A Senate subcommittee easily advanced on June 23 a fiscal 2016 funding bill that would require the Department of Transportation to complete its final rule on electronic logging devices and its proposed rule on speed limiters.
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Knight Transportation Inc. sold 119,419 shares of USA Truck Inc. stock in recent weeks, lowering its stake in the smaller truckload carrier to 6.8% and capitalizing on a sharp rise in the share price.
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