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Freight Rates to Rise Sharply After Recovery, TL Execs Say

NEW YORK — Shippers can expect hefty rate increases from truckload carriers, possibly as early as next quarter, because shrinking capacity is bringing supply more in line with demand, said carrier executives and industry experts.

May 26, 2008

Crude Price Pushes Fuel Higher

The average retail diesel price continued its meteoric rise last week, surging another 16.6 cents to a record $4.497 a gallon, according to the Department of Energy.

May 26, 2008

Hurricane Forecast Predicts Up to 9 Storms

This year’s Atlantic hurricane season may be more active than usual, with as many as nine storms, which could include five major hurricanes, Bloomberg reported Thursday.

May 22, 2008

Intermodal Traffic Falls 1.1%

Rail intermodal traffic fell 1.1% for the week ended Saturday compared with the same week last year, the Association of American Railroads said.

May 22, 2008

Ford Plans North American Production Cuts

Ford Motor Co. said Thursday it will cut North American vehicle production for the rest of this year and that it expects to break even next year, delaying a previous profit target, Bloomberg reported.

May 22, 2008

Jobless Claims Fall 9,000 for Week

Initial jobless claims fell by 9,000 last week, the Labor Department said Thursday.

May 22, 2008

Navistar Suspending Production at Pickup-Engine Plant

Navistar International Corp. said it is suspending production at its Indianapolis engine plant beginning starting Friday for at least eight weeks because of Ford Motor Co.’s cutback in pickup truck production.

May 23, 2008

April Truck Tonnage Jumps 2%

April truck tonnage jumped 2% from a year ago, marking the sixth consecutive increase, American Trucking Associations said.

May 23, 2008

No Correlation Between Safety, Length of Training, ATRI Says

A study conducted by the American Transportation Research Institute found there is no correlation between the length of a training program and safety performance.

May 20, 2008

Military Showing Interest in Alternate Fuels, Journal Says

The U.S. military, which is the country’s largest single consumer, is engaged in an aggressive plan of alternative fuels development and testing, the Wall Street Journal reported Wednesday.

May 21, 2008