The national average for gasoline has topped $4 a gallon for the first time, according to AAA.
June 9, 2008Trucking 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.
I-5 Bridge Plan Approved in Oregon
The regional government of the Portland, Ore., area is backing a new Interstate 5 bridge over the Columbia River, the Associated Press reported.
June 9, 2008U.S. Fleet Growth Slows to 1.4% in First Quarter, Polk Reports
The nation’s fleet of heavy-duty trucks grew by just 1.4% a year during the first quarter, the slowest growth rate yet since the record sales year of 2006, as businesses bought fewer used and new vehicles, according to a survey of U.S. vehicle registration data by R.L. Polk & Co.
June 9, 2008OEMs Avoid Price Cuts Despite Truck Sales Slump
Heavy-truck manufacturers have refrained from cutting prices or offering large rebates and other significant incentives, partly because their sales overseas are strong and help offset a second straight year of falling domestic sales, analysts and dealers said.
June 9, 2008Navistar Reports $120 Million Fiscal ’07 Loss
Truck maker Navistar International Corp. took a substantial step toward completing its $410 million accounting odyssey with the May 29 filing of its fiscal 2007 annual report to the Securities and Exchange Commission, marking the first time the company has been up to date since 2005.
June 9, 2008Diesel Price Dips 1.6¢ to $4.707 a Gallon
The U.S. average diesel price took a break last week from its dizzying climb, dipping 1.6 cents a gallon to $4.707, the Department of Energy reported.
June 9, 2008Oil Jumps More Than $10 to Record $138.54 a Barrel
Crude oil jumped by a single-day record of more than $10 Friday close at a record $138.54 a barrel, marking an almost $16 increase over two days.
June 6, 2008Unemployment Rate Jumps to 5.5% in Biggest Jump Since ’86
The U.S. unemployment rate jumped to 5.5% in May, from 5% in April, the biggest jump in 22 years, the Labor Department said Friday.
June 6, 2008Rail, Intermodal Traffic Decline
Rail and intermodal traffic fell for the week ended Saturday compared with the same week a year ago, the Association of American Railroads said.
June 6, 2008W. Va. Delays Truck Registration Fees’ Due Date
The West Virginia Division of Motor Vehicles will delay the due date for annual registration payments for most trucks until Sept. 1, from the usual July 1 deadline, the Associated Press reported.
June 5, 2008Trending
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