The Department of Transportation’s freight transportation services index fell year-over-year in July by the most in 20 years, but showed an increase from June, DOT said Thursday.
September 10, 2009Search
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Initial Jobless Claims Decrease for Week
Initial jobless claims dropped by 26,000 last week, the Labor Department said Thursday.
September 10, 2009Navistar, Caterpillar Announce Global Truck Joint Venture
Navistar International Corp. and Caterpillar Inc. said Thursday they created a new joint-venture company to be called NC2 Global LLC that will serve the global commercial truck market.
September 10, 2009Intermodal Traffic Sees Slight Gain
Intermodal rail traffic in the United States increased 0.2% last week from the same week a year ago, the Association of American Railroads said in its weekly report.
September 11, 2009NTSB Bans Employee Cell Phone Use While Driving
The National Transportation Safety Board has instituted a policy banning texting and talking on cell phones by its employees while they are working, the Associated Press reported.
September 9, 2009Oil Holds Over $71 a Barrel
Oil held above $71 a barrel early Wednesday after jumping more than $3Â on the eve of an OPEC meeting at which the cartel was expected to maintain existing output levels, Bloomberg reported
September 9, 2009New Penn Teamsters Approve YRC Contract
YRC Worldwide said its Teamsters union employees at regional carrier New Penn Motor Express have voted to ratify a modified labor agreement that sets a 5% pay reduction and other cost cuts.
September 10, 2009Economy Shows Improvement, Fed ‘Beige Book’ Says
The U.S. economy showed signs of stabilization in late July and August, though trucking and transportation industry reports were mixed, the Federal Reserve said Wednesday.
September 9, 2009UTi Worldwide’s Profit, Revenue Decline
Air and freight forwarder UTi Worldwide reported a decline in net income and revenue for its fiscal second quarter.
September 9, 2009DOE Forecasts Higher Diesel, Gas Prices
The national average price of diesel fuel will rise to $2.74 in the fourth quarter, from $2.62 in the third quarter, as the winter heating-fuel season begins and oil prices rise, the Department of Energy said Wednesday.
September 9, 2009