The national average price of regular gasoline jumped 19 cents in the past two weeks to $2.49 a gallon, rising with the highest oil prices in six months, according to the latest Lundberg Survey of filling stations released Sunday.
June 1, 2009Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
New Border-Crossing Rule Takes Effect
A rule requiring U.S. residents to show a passport or other high-tech document to re-enter the country from Canada or Mexico took effect Monday, the Associated Press reported.
June 1, 2009GM Files for Chapter 11 Bankruptcy
General Motors Corp. filed for Chapter 11 bankruptcy protection Monday, setting a plan to create a 21st-century company to better compete in world markets, Bloomberg reported.
June 1, 2009ISM Manufacturing Index Improves in May
Manufacturing in the U.S. improved last month but still showed contraction overall, the Institute for Supply Management said Monday.
June 1, 2009Construction Spending Increases 0.8%
Construction spending rose in April by the largest amount since August, the Commerce Department said Monday.
June 1, 2009Personal Spending Dips 0.1%
Consumer personal spending dipped 0.1% in April, the Commerce Department said Monday.
June 1, 2009Forecasters Predict ‘Near Normal’ Hurricane Season
U.S. forecasters expect a “near normal†Atlantic hurricane season, with up to 14 named tropical storms this year during the hurricane season that begins Monday, the Associated Press reported.
June 1, 2009Letter to the Editor: To the Swiftest
I enjoyed the opinion piece titled “To the Swiftest Go the Spoilers†by Phil Romba in the May-June Equipment & Maintenance Update supplement to the May 18 issue of Transport Topics.
June 1, 2009Freight Falls as Sales Rise
Freight levels continue to dive, even as there are increasing signs that the recession’s bottom has been touched and most economists are predicting that U.S. economic growth will resume in the year’s last quarter.
June 1, 2009Bill Would Ban Tolling on Existing Highways
A bill to keep states from tolling existing roads in the National Highway System has been introduced in Congress by Sen. Kay Bailey Hutchison (R-Texas).
June 1, 2009Trending
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