Oil fell below $87 a barrel Thursday, capping its biggest monthly decline in more than three years following a Department of Energy report that showed crude supplies rose to a 22-year high, Bloomberg reported.
May 31, 2012Search
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Fleets With Stability Controls Favor New NHTSA Mandate
Trucking companies that use stability control systems said they support the federal government’s proposal to mandate electronic stability control for all heavy vehicles, citing their own positive experiences with the systems.
June 4, 2012Mica Opposes Measure to Curb Highway Privatization Deals
WASHINGTON — House Transportation Committee Chairman John Mica said he opposes a measure to curb the leasing of highways to private investors that is being discussed by the House-Senate conference committee on transportation reauthorization.
June 4, 2012Carriers Enhance Pay Plans to Recruit, Retain Drivers
Fleets are exploring every option they can find to sweeten their compensation packages to reward, retain and attract drivers as freight capacity tightens, according to industry officials.
June 4, 2012Fleets Weigh Creating Pool to Run Intermodal Chassis
The Intermodal Motor Carriers Conference, dissatisfied with developments in the freight chassis business, is considering establishment of a trucker-based pool that would be the first of its kind, the conference’s executive director said.
June 4, 2012Chicago Manufacturing Activity Slows
Manufacturing activity in the Chicago area slowed in May but showed continued expansion, the Institute for Supply Management-Chicago said Thursday.
May 31, 2012Trimac to Acquire Ontario Bulk Carrier
Canadian bulk trucking company Trimac Transportation said it will acquire Ontario-based specialized bulk carrier Liquid Cargo Lines.
May 31, 2012Weekly Jobless Claims Rise
Initial jobless claims climbed last week to a one-month high, the Labor Department said Thursday.
May 31, 2012Radiant Logistics Opens Center in Charlotte
Radiant Logistics Inc. has opened a new location in Charlotte, N.C., for its Distribution by Air network.
June 1, 2012Senator Asks DOT to Create Freight Initiative
Sen. Maria Cantwell (D-Wash.) has asked Transportation Secretary Ray LaHood to create a multimodal freight initiative within the Department of Transportation.
May 31, 2012