The Department of Transportation’s freight transportation services index jumped 4.1% in July from a year ago, the largest July-over-July gain in four years.
September 10, 2008Search
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Oil Slides Below $103 a Barrel as Hurricane Ike Moves Into Gulf
Crude oil prices continued to slide early Wednesday, even as Hurricane Ike intensified as it moved into the Gulf of Mexico and a top OPEC official said the cartel would trim an oversupplied market, Bloomberg reported.
September 10, 2008DOE Lowers ’08 Diesel Forecast to $4.09 a Gallon
Diesel fuel will average $4.09 this year, down 9 cents from a previous forecast, the Department of Energy said.
September 10, 2008Letters to the Editor: Mexico Border Pilot, Driver Appreciation, Outsourcing Overseas, Slow-Pay Blues
If the Chinese are going to make all the goods, the Arabs supply all the oil and the Mexicans do all the transportation, what are we going to do? This sounds very much like the fall of the Roman Empire in past history.
September 11, 2008Editorial: Reducing Highway Fatalities
Trucking-related highway fatalities fell again last year, to their lowest level in 15 years, according to data from the Department of Transportation.
September 10, 2008Judge Tentatively Denies Injunction in SoCal Port Suit; ATA to Appeal
A federal judge tentatively denied American Trucking Associations’ request for an injunction that would delay the start of concessionaire programs for drayage drivers at the Ports of Los Angeles and Long Beach.
September 9, 2008DHL Testifies Before House Panel on UPS Air Deal
DHL Express Global Chief Executive Officer John Mullen told a House panel Tuesday that the company’s proposed deal to let UPS Inc. handle its North American air services was necessary for the company “to remain a viable competitor in the U.S. market.â€
September 9, 2008California Sues Two Port Trucking Firms Over Independent Contractor Status
California’s attorney general filed lawsuits against two small trucking companies Friday on grounds they allegedly deprived drivers of benefits and may have cheated the state out of payroll taxes, the Los Angeles Times reported Sunday.
September 8, 2008Oil Rises as Hurricane Ike Moves Toward Gulf of Mexico
Oil rose by nearly $3 to more than $109 a barrel early Monday on concerns that Hurricane Ike could reach the Gulf of Mexico later this week, Bloomberg reported.
September 8, 2008YRC to Report ‘Slight Loss’ in 3Q Core Operations
YRC Worldwide said Monday that while it expects to report a “solid profit in the third quarter,†it will post a “slight loss†in its core operations due to ongoing economic weakness, and will step up the integration of its two main trucking units.
September 8, 2008