President Obama and Vice President Biden toured an International Trucks dealership in Maryland Friday following the release of the government’s monthly jobs report.
June 4, 2010BusinessFuel
Diesel Declines 4.1¢ to $2.98
The average price of retail diesel fuel in the country dropped for the third straight week, this time by 4.1 cents a gallon to $2.98, the Department of Energy reported, bringing the price of trucking’s main fuel below $3 for the first time since late March.
June 7, 2010Business
Court Lets Calif. Reefer Rule Stand
A federal court denied an American Trucking Associations petition requesting that the full court reconsider a three-judge panel’s previous decision that let California’s “reefer retrofit” rule stand.
June 4, 2010BusinessLogistics
Pacer Appoints New Intermodal Exec.
Logistics firm Pacer International has appointed Val Noel to oversee its intermodal operations temporarily after one of the company’s executives leaves in July.
June 4, 2010Business
Unemployment Falls to 9.7%
The U.S. economy added 431,000 new jobs and the unemployment rate fell to 9.7% in May from 9.9% in April, the Labor Department said Friday.
June 4, 2010BusinessLogistics
Trailer Manufacturers Group Names New President
The Truck Trailer Manufacturers Association named Jeff Sims to succeed Richard Bowling as the group’s president, effective July 1.
June 4, 2010BusinessLogistics
Intermodal Traffic Rises for Week
Intermodal rail traffic rose last week to its highest level since November 2008, the Association of American Railroads said Thursday.
June 4, 2010Business
Factory Orders Improve 1.2% in April
U.S. factory orders rose 1.2% in April, the eighth straight gain, the Commerce Department said Thursday.
June 3, 2010BusinessEquipment
ISM Services Index Unchanged in May
An index of the U.S. economy’s service sector was unchanged in May, the Institute for Supply Management said Thursday.
June 3, 2010Business
U.S. Productivity Rate Adjusted Downward
U.S. workers’ productivity rose at a 2.8% annual rate in the first quarter, lower than originally reported, the Labor Department said Thursday.
June 3, 2010