The national average price of regular gasoline plunged another 33 cents in the two weeks ended Friday, to $1.97 a gallon — the first time it has fallen under $2 in almost three years — according to the latest Lundberg Survey of filling stations released Sunday.
November 24, 2008Government, Business, Logistics
Gas Slips Below $2, Lundberg Says
Business, Government, Logistics
Crane Worldwide Announces Four Acquisitions
Crane Worldwide Logistics said it has completed four acquisitions expanding its freight management and contract logistics services in Asia, Europe, and Latin America.
November 24, 2008Business, Government, Safety, Fuel, Equipment
Navistar Set to Use Credits to Meet 2010 EPA Standards
Navistar International Corp. will use federal emission credits to enable its new Class 8 engine to meet 2010 federal emission standards, although the engine could be set up to comply with the regulation without the credits, a Navistar executive said.
November 24, 2008Business, Safety, Government
Carriers, Shippers Eye Federal Spending to Boost Economy and Fix Infrastructure
FORT LAUDERDALE, Fla. — Shippers, carriers and analysts meeting here agreed that the nation’s contracting economy is hurting freight transportation badly, but said they were hopeful the government would agree to critical transportation infrastructure improvements, financed by higher taxes.
November 24, 2008Government, Business, Safety
FMCSA Reissues Hours-of-Service Rule
The Federal Motor Carrier Safety Administration last week published its latest version of changes to the 60-year-old regulation governing commercial driver work rules.
November 24, 2008Fuel, Business, Government
Fuel Prices Continue Steep Slide
The average price of U.S. retail diesel fuel continued to slide last week, falling 13.5 cents a gallon to a 17-month low of $2.809, the Department of Energy reported.
November 24, 2008Business, Safety, Government
Obama Names DOT Transition Team
President-elect Barack Obama has named a five-person group to oversee the transition for the Department of Transportation.
November 21, 2008Government, Business, Fuel
Oil Drops Below $50 a Barrel
Oil fell below $50 a barrel for the first time in almost two years, as recession in the United States, Europe and Japan cut global energy demand, Bloomberg reported Thursday.
November 20, 2008Business, Government
Philadelphia Manufacturing Index Shrinks
Manufacturing levels in the Philadelphia region contracted this month at the fastest pace in 18 years, the Federal Reserve Bank of Philadelphia said Thursday.
November 20, 2008Government, Business
Leading Economic Indicators Fall 0.8%
An index of leading economic indicators declined in October for the third time in four months, the New York-based Conference Board said Thursday.
November 20, 2008