Truck stop chain Flying J Inc. said Monday it has filed for Chapter 11 bankruptcy reorganization, “to address near-term liquidity needs brought about by the precipitous decline in oil prices coupled with the disruption in the credit markets.â€
December 22, 2008Government, Business
Third-Quarter GDP Fell 0.5%, Commerce Says
The U.S. economy contracted 0.5% in the third quarter, the Commerce Department said Tuesday in its final of three estimates.
December 23, 2008Business, Logistics, Government
New, Existing °®¶¹´«Ã½ Sales Decline In November
Sales of both existing and new homes fell in November, the National Association of Realtors and the Commerce Department said Tuesday.
December 23, 2008Business, Government
Consumer Confidence Improves in December
U.S. consumer confidence improved this month from its lowest level in 28 years, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index released Tuesday.
December 23, 2008Business, Government
Flying J Files for Bankruptcy
Business, Safety, Government
DOT Signs I-95 Congestion-Relief Agreement
The Department of Transportation and the I-95 corridor coalition signed an agreement earlier this month to help relieve congestion on Interstate 95.
December 22, 2008Business, Fuel, Government
FedEx Delays Delivery of Air Freighters
FedEx Corp. has delayed delivery of some Boeing Co. 777 freighter planes by as long as 17 months, due to a lag in shipments demand, Bloomberg reported.
December 22, 2008Government, Business, Safety, Fuel
Fuel Prices, Recession Make Grim Year for Trucking Industry
The world of trucking was turned upside down and shaken like a snow globe during 2008.
December 22, 2008Government, Business, Safety, Fuel
CARB Adopts Emission Rules; Truckers Decry Added Costs
The California Air Resources Board has adopted two new rules requiring carriers to add expensive emission-control devices to their trucks and to use fuel-saving equipment endorsed by the U.S. Environmental Protection Agency’s SmartWay program.
December 22, 2008Government, Business, Safety
LaHood Likely DOT Pick
President-elect Barack Obama is expected to name retiring Illinois Republican U.S. Rep. Ray LaHood to be his transportation secretary.
December 22, 2008Government, Business, Safety, Fuel
Diesel, Gasoline Prices Decline
U.S. fuel prices continued their steep three-month declines last week, even as the cartel of oil-producing nations announced a record cut in production in an attempt to lift global oil prices in 2009.
December 22, 2008