The Federal Reserve’s rate cut this week helped transportation industry stocks, as the broader economy needed a boost to help soften the slowdown that is projected to last through the first half of 2008, according to American Trucking Associations’ Chief Economist Bob Costello.
September 19, 2007BusinessSafetyGovernmentLogistics
Sleep Apnea Program Cuts Costs for Health Care, Schneider Says
Truckload carrier Schneider National said a sleep apnea screening and treatment program managed by an outside vendor has improved safety and driver productivity while lowering health-care costs.
September 19, 2007BusinessSafetyGovernment
Knight Issues 3Q Earnings Warning
Truckload carrier Knight Transportation said its third-quarter earnings would be below analysts’ predictions, citing an industrywide decline in freight tonnage and excess truckload capacity.
September 19, 2007BusinessSafetyGovernment
Letters to the Editor: Border Dissent, HOS, Defensive Driving
I would like to urge everyone reading this letter to contact their local representatives and ask them not to pass the law allowing Mexican carriers full, direct access to U.S. roadways and customers.
September 19, 2007BusinessGovernment
CPI Falls for First Time This Year
The consumer price index fell in August for the first time this year in August, dipping 0.1%, the Labor Department said Wednesday.
September 19, 2007BusinessGovernment
CPI Falls for First Time This Year
The consumer price index fell in August for the first time this year in August, dipping 0.1%, the Labor Department said Wednesday.
September 19, 2007GovernmentBusinessSafetyLogistics
Report Cites Congestion Problems Nationwide
Drivers waste nearly an entire work week each year sitting in traffic on the way to and from their jobs, according to a national study released Tuesday, the Associated Press reported.
September 18, 2007FuelBusinessLogisticsGovernment
Diesel Jumps 4¢ to $2.964; Gas Falls 3.1¢ to $2.787
Diesel fuel’s national average price jumped 4 cents from last week to $2.964 a gallon, the Energy Department said Monday.
September 18, 2007BusinessGovernmentFuel
Crude Hits Another Record; Tops $81 Overnight
Crude oil futures hit another record Monday, closing at $80.57 a barrel, and the overnight trading price into Tuesday topped $81 for the first time as prices continued to climb, Bloomberg reported.
September 18, 2007Government
Producer Price Index Falls in August
Prices paid to U.S. producers fell in August, the Labor Department said Tuesday.
September 18, 2007