Subscribe to our free, weekly email newsletter!


Management Update: Federal highway and transit funding secured.

By Staff
April 01, 2010

The uncertainty surrounding federal highway and transit funding received a respite through the rest of this year when the Senate voted to pass the $18 billion Hiring Incentives to Restore Employment Act, followed by President Obama signing it into law. This follows a series of continuing resolutions—or extensions—to keep funding afloat at current spending levels, following the September 2009 expiration of SAFETEA-LU. This measure also ensures that the Highway Trust Fund (HTF) remains solvent during that period through a $19.5 billion transfer from the United States General Trust Fund. The HTF is the federal government's primary source for financing highway, bridge, and transit projects, according to the DOT. It's largely financed by the federal motor fuel tax, which is 18.4 cents per gallon for gasoline and 24.4 percent for diesel, and has not been raised since 1993.

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

As was the case for the second quarter, third quarter earnings results for publicly-traded less-than-truckload (LTL) carriers are again strong. Signs of solid earnings results from carriers that have posted earnings to date include tonnage increases, gains in weight per shipment and average daily shipments, higher yield, and revenue per hundredweight.

While the holiday season is known to bring good tidings and cheer to all, it may also come with another thing that is not so pleasant: higher rate freights. That was the thesis of a commentary written by Mark Montague, industry pricing analyst and chief market-watcher for DAT, a Portland, Ore.-based subsidiary of TransCore.

Earlier this week, FedEx said it is expanding its International First service for early deliveries with the addition of 31 new origin countries, which will bring the total number of origin markets for the service to 97.

Monday, December 22 is pegged as UPS's peak delivery day, as the company expects to deliver more than 34 million packages that day, adding that it expects to see six days in December top last year’s peak shipment day delivery record of 31 million packages.

The time has come again for less-than-truckload (LTL) general rate increases (GRI), with various carriers recently announced their respective rate hikes in recent days.

Article Topics

Management Update · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA