President Obama has named Maryland Motor Truck Association President Anne Ferro to head the Federal Motor Carrier Administration.
June 5, 2009BusinessFuelGovernment
Diesel Jumps 7.8¢ to $2.352
The average price of a gallon of diesel fuel jumped 7.8 cents last week to $2.352 a gallon, the highest level since December, while gasoline rose another 8.9 cents as crude oil pushed near $70 a barrel, the Department of Energy reported.
June 8, 2009BusinessGovernment
Road Fund to Run Out of Cash by August, LaHood Warns
WASHINGTON — The Highway Trust Fund, which got an emergency $8 billion cash injection from Congress last summer, is likely to run out of money in the next two months, the Obama administration said last week.
June 8, 2009BusinessGovernment
Senators Reach Deal to Work on Single Bill for Freight Rail Competition, Antitrust
The path for 2009 freight rail legislation was simplified last week when Sens. Herb Kohl (D-Wis.) and Jay Rockefeller (D-W.Va.) agreed to work together on a single bill addressing shippers’ concerns about a lack of competition.
June 8, 2009BusinessGovernmentSafety
Opinion: Doublespeak Spoken There
I find it very odd that when Washington needs something from the people, they talk about family, but when the people need something from the government, they talk about business. This kind of duality of conflicting agendas contradicts reason and confuses everyone. Even if it is unintentional, it smacks of doublespeak.
June 5, 2009BusinessFuelGovernment
UTi Worldwide’s Profit, Revenue Decline
Air and freight forwarder UTi Worldwide reported a decline in net income and revenue for its fiscal first quarter, due the ongoing recession.
June 5, 2009BusinessGovernment
Three-Day Roadcheck 2009 Wraps Up Thursday
The three-day Roadcheck 2009 event sponsored by the Commercial Safety Vehicle Alliance wraps up Thursday, with more than 1,000 checkpoints set up on roads and highways across North America to monitor truck safety compliance.
June 4, 2009BusinessGovernmentSafety
Productivity Level Rises 1.6% in First Quarter
First-quarter U.S. worker productivity improved at an annual rate of 1.6% in the first quarter, twice the level originally reported, the Labor Department said Thursday.
June 4, 2009BusinessFuelGovernment
Oil Drops $2 After DOE Cites Higher Inventories
Oil prices took their biggest one-day drop in six weeks Wednesday to near $66 a barrel following an Energy Department report that showed crude inventories improved last week, Bloomberg reported.
June 3, 2009Government
April Factory Orders Improve
U.S. factory orders rose in April for the second time in three months, the Commerce Department said Wednesday.
June 3, 2009