Truck tonnage rose 2.6% in August from a year earlier, its 10th straight year-to-year increase, but fell 1.6% from July, the biggest month-to-month decline since March, American Trucking Associations said late Wednesday.
September 24, 2008BusinessGovernment
Durable Goods Orders Fall 4.5% in August
Durable goods orders fell 4.5% in August, the Commerce Department said Thursday.
September 25, 2008GovernmentBusinessSafety
Congress Reaches Deal on Rail Safety Bill
House and Senate negotiators reached a deal Tuesday on a major railroad safety reform bill that will require new technology to prevent crashes and limit hours engineers can work, the Associated Press reported.
September 24, 2008FuelBusiness
Oil Rises to $108 Following DOE Report
Oil rose past $108 a barrel Wednesday following an Energy Department report that showed declines in fuel inventories last week, Bloomberg reported.
September 24, 2008BusinessFuelGovernment
Senate Passes Energy Measure; Trucking Seeks ‘Comprehensive Solution’
The Senate approved a bill that would provide tax credits for renewable energy and energy efficiency, the Associated Press reported, and a top trucking official urged Congress to pass comprehensive measures to help lower fuel costs.
September 24, 2008BusinessLogisticsEquipment
Existing °®¶¹´«Ã½ Sales Fall 2.2%
Existing homes sales fell 2.2% in August, the greatest monthly decrease on record, the National Association of Realtors said Wednesday.
September 24, 2008Business
Daimler’s Worldwide Sales Rising Despite U.S. Slump
HANOVER, Germany — Daimler Trucks’ worldwide sales are continuing to climb, despite the pronounced slump in North America, company officials told reporters at the opening of the International Motor Show Commercial Vehicles here Tuesday.
September 23, 2008FuelBusinessLogisticsGovernment
Diesel Falls 6.5¢ to $3.958 in 10th Straight Decline
Diesel fuel’s national average price fell 6.5 cents Monday to $3.958 a gallon, the 10th straight weekly decline and the first time it fell below the $4 mark in almost six months, the Department of Energy said Monday.
September 23, 2008BusinessFuelLogisticsGovernment
Union Pacific Boosts 3Q Earnings Forecast
Freight railroad Union Pacific Corp. Tuesday boosted its third-quarter earnings forecast due to lower fuel prices and improved operating efficiency.
September 23, 2008BusinessGovernmentAutonomous
Congress May Link Change in Truck Size to Vehicle Miles Tax, DeFazio Says
WASHINGTON — Congress may link any change in truck size- and-weight limits in upcoming highway legislation to a new commercial vehicle-miles-traveled tax, Rep. Peter DeFazio (D-Ore.), chairman of the House Highway and Transit Subcommittee, said last week.
September 23, 2008