A commission created by Congress plans to release a report this month recommending increases in the federal taxes on diesel fuel and gasoline, the Associated Press reported.
January 5, 2009Business
Navistar Issues Fiscal 2009 Guidance
Navistar International Corp. Monday said its net income for its fiscal year 2009 ending Oct. 31, 2009, will be $370 million to $410 million, or $5.10 to $5.60 per share.
January 5, 2009GovernmentBusiness
Construction Spending Falls 0.6%
Construction spending fell 0.6% in November, the Commerce Department said Monday.
January 5, 2009BusinessSafetyGovernment
ISM Manufacturing Index Falls to 28-Year Low
U.S. manufacturing activity contracted at the fastest pace in 28 years in December, the Institute for Supply Management said.
January 5, 2009Business
November Tonnage Falls 1.8%
November truck tonnage declined 1.8% on a seasonally adjusted basis from year-earlier levels and 15.4% on an unadjusted basis, delivering the latest evidence that the economic downturn is putting ever more pressure on fleets.
January 5, 2009BusinessGovernmentSafety
Economic Woes Top Concerns as a Year of Challenges Begins
Trucking’s difficulties are expected to continue this year, as many carriers struggle for survival while freight volumes fall, financial market turmoil continues and a new political landscape takes shape.
January 5, 2009BusinessSafetyGovernment
A Less-Than-Truckload Life More Than a Bit Unusual
THOMASVILLE, N.C. — But for the vagaries of history, Earl Congdon’s family business could have been Florida motels rather than less-than-truckload transportation.
January 5, 2009GovernmentBusinessSafetyFuel
Diesel Price Declines to $2.327
The U.S. diesel average fell a combined 9.5 cents over the final two weeks of 2008 to $2.327 a gallon, ending the year at its lowest level since June 2005, the Department of Energy reported.
January 5, 2009BusinessSafety
SoCal Ports Suspending Saturday ‘OffPeak’ Shifts
Terminal operators at the Ports of Los Angeles and Long Beach said they will suspend Saturday OffPeak shifts starting in January, due to declining cargo volume in a sagging economy.
December 31, 2008FuelBusinessSafetyGovernment
Opinion: Not Quite a Happy New Year
As if skyrocketing fuel prices in 2008 were not enough, American trucking companies are now in the midst of the worst recession since the early 1980s.
December 31, 2008