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Editorial: Economic Smelling Salts

Everyone is putting a lot of stock in the economic stimulus provided by a government package of tax rebates and incentives, and eagle-eyed economists and accountants are combing the legislative text for opportunities.

February 20, 2008

Fuel Jumps 11.6¢ to $3.396

U.S. retail diesel prices soared 11.6 cents last week to a national average of $3.396 a gallon, the highest level since early December, the Department of Energy reported.

February 25, 2008

TSA Expands TWIC Driver Identification Program; Security Plan Will Encompass 147 U.S. Ports

Two years after it was first announced, the federal government has begun a full rollout of its plan to provide high-tech, secure identification for workers in and around America’s ports.

February 25, 2008

Port Adopts Clean-Truck Plan, Rejects Owner-Operator Ban

Long Beach officials last week put finishing touches on a sweeping, unprecedented set of rules aimed at dramatically cutting emissions from the 17,000 drayage trucks working at the huge California container port, rejecting the plan’s most controversial feature that would have forced independent owner-operators to work for larger carriers.

February 25, 2008

Class 8 Fleet Growth Stalls As Carriers Delay Purchases

Growth of the U.S. heavy-duty truck fleet decelerated in the fourth quarter, as freight carriers, led by large fleets, continued to put off buying new equipment in the face of a possible recession, according to truck registration data from market research firm R.L. Polk & Co.

February 25, 2008

Universal Truckload's 4Q Earnings Slip

Universal Truckload Services, Warren, Mich., said it earned about $4.8 million, or 30 cents a share in the fourth quarter of 2007, down from $5.3 million, or 33 cents, in the previous quarter.

February 22, 2008

Initial Claims Fall by 9,000 for Week

Initial jobless claims fell by 9,000 for the week ended Saturday, the Labor Department said Thursday.

February 21, 2008

Leading Indicators Fall for Fourth Consecutive Month

The index of leading economic indicators January fell for the fourth consecutive month, driven down by deterioration in the stock and housing markets, the New York-based Conference Board said Thursday.

February 21, 2008

Philadelphia Factory Index Plummets

Manufacturing levels in the Philadelphia region this month fell by the most since February 2001, the Federal Reserve Bank of Philadelphia said Thursday.

February 21, 2008

Contrans to Consolidate Some Van, Flatbed Operations

Canadian transportation firm Contrans Income Fund said it plans to consolidate certain operations of its dry van and flatbed businesses in eastern Canada.

February 20, 2008