A big storm brought strong winds and rain to the East Coast early Monday, flooding rivers, stranding airline flights and prompting evacuations from New Jersey to West Virginia, the Associated Press reported.
April 16, 2007GovernmentBusinessFuel
Maersk to Boost Fuel Surcharge
A.P. Moeller-Maersk, the world’s largest ocean shipping line, is boosting its North America to Europe rates due to higher fuel costs, Bloomberg reported Monday.
April 16, 2007BusinessFuelAutonomous
Bankruptcies Increase as Freight Declines
Trucking company failures jumped in the first quarter of 2007, and industry observers warned of tougher times ahead because of an uncertain economy, weak freight loads and rising fuel costs.
April 16, 2007BusinessGovernmentSafetyAutonomous
IRS Says Fleets Face Sanctions
IRS officials told trucking executives that motor carriers must account properly for driver per-diem expenses or risk losing the tax-exempt status of the plans.
April 16, 2007BusinessGovernment
Corrosion Takes Increasing Toll on Fleets, Trailers
What cigarettes are to smokers, corrosion is to highway trailers.
April 16, 2007BusinessFuelGovernment
Diesel Gains 5¢ to $2.84 a Gallon
The average price of U.S. retail diesel fuel climbed another 5 cents last week to $2.84 a gallon, reaching a seven-month high, and the Department of Energy warned that prices are unlikely to fall anytime soon.
April 16, 2007BusinessFuel
U.S. Xpress to Report 1Q Loss
Truckload carrier U.S. Xpress Enterprises said Friday it will report a first-quarter loss next week on declining freight demand and rising fuel costs.
April 13, 2007BusinessFuelGovernment
March Producer Prices Rise 1%
The producer price index rose 1% in March, the Labor Department reported Friday. The core PPI excluding food and energy was unchanged.
April 13, 2007BusinessSafety
Intermodal Traffic Falls Again
Rail and intermodal traffic declined last week compared with a year earlier, continuing a trend over the past month, the Association of American Railroads said Thursday.
April 12, 2007BusinessFuelGovernment
UPS Signs China Air Pact
UPS Inc. and the Shanghai, China, Airport Authority signed an agreement Thursday that is a step toward construction of an air hub at the Shanghai airport.
April 12, 2007