Oil refineries on the Gulf Coast in Texas and Louisiana shut down operations Friday as Hurricane Ike prepared to come ashore overnight near Houston in what could be the biggest hurricane to hit Texas in 50 years, news services reported.
September 11, 2008Transportation Compliance News
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow what’s happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
Court Denies Calif. Port Stay; ATA Files Expedited Appeal
A federal judge last week denied American Trucking Associations’ request for a preliminary injunction against controversial portions of emission-reduction programs at the California ports of Los Angeles and Long Beach.
September 15, 2008Congress Refills Highway Fund
Congress, after an abrupt about-face by the Bush administration, moved quickly last week to transfer more than $8 billion into the Highway Trust Fund to keep the road-building finance program solvent.
September 15, 2008Trucking Companies Face Growing Cash Crunch as Shippers Struggle to Survive Downturn
Astronomic fuel prices are only part of the economic drag on trucking these days. Add the growing length of time on accounts receivables, more customer bankruptcies and the tightening of credit by suppliers and lenders, and it’s easy to see how carriers’ cash flow has ebbed.
September 15, 2008Fuel Prices Continue Downward
Fuel prices last week continued their slide from July’s record highs, as the U.S. retail average for diesel fuel dropped for an eighth straight week and gasoline for the ninth.
September 15, 2008House Follows Senate in Approving $8 Billion for Highway Fund
A day after the Senate passed a bill to fund an $8 billion shortfall in the federal Highway Trust Fund, the House followed suit, voting 376-29 to approve a similar measure.
September 12, 2008Retail Sales Fall 0.5% in August
Retail sales fell 0.5% in August, the Commerce Department said Friday.
September 12, 2008Producer Prices Drop 0.9% in August
Prices paid to U.S. producers fell 0.9% in August, the Labor Department said Friday.
September 12, 2008Business Inventories Rise More Than Forecast
Business inventories rose 1.1% in July, the Commerce Department said Friday.
September 12, 2008Import Prices Fall 3.7% in August
The price of goods imported to the United States fell 3.7% in August, led by declining oil prices, the Labor Department said Thursday.
September 11, 2008Gulf Refineries Brace for Hurricane Ike’s Landfall Near Houston
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