Oil refineries on the Gulf Coast in Texas and Louisiana shut down operations Friday as Hurricane Ike prepared to come ashore overnight near Houston in what could be the biggest hurricane to hit Texas in 50 years, news services reported.
September 11, 2008Search
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Consumer Confidence Jumps on Lower Fuel Prices
U.S. consumer confidence this month rose by the most in four years in September, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.
September 5, 2008Business Inventories Rise More Than Forecast
Business inventories rose 1.1% in July, the Commerce Department said Friday.
September 12, 2008Retail Sales Fall 0.5% in August
Retail sales fell 0.5% in August, the Commerce Department said Friday.
September 12, 2008House Follows Senate in Approving $8 Billion for Highway Fund
A day after the Senate passed a bill to fund an $8 billion shortfall in the federal Highway Trust Fund, the House followed suit, voting 376-29 to approve a similar measure.
September 12, 2008Court Denies Calif. Port Stay; ATA Files Expedited Appeal
A federal judge last week denied American Trucking Associations’ request for a preliminary injunction against controversial portions of emission-reduction programs at the California ports of Los Angeles and Long Beach.
September 15, 2008Congress Refills Highway Fund
Congress, after an abrupt about-face by the Bush administration, moved quickly last week to transfer more than $8 billion into the Highway Trust Fund to keep the road-building finance program solvent.
September 15, 2008Trucking Companies Face Growing Cash Crunch as Shippers Struggle to Survive Downturn
Astronomic fuel prices are only part of the economic drag on trucking these days. Add the growing length of time on accounts receivables, more customer bankruptcies and the tightening of credit by suppliers and lenders, and it’s easy to see how carriers’ cash flow has ebbed.
September 15, 2008Import Prices Fall 3.7% in August
The price of goods imported to the United States fell 3.7% in August, led by declining oil prices, the Labor Department said Thursday.
September 11, 2008House Passes Bill to Halt Mexican Trucks Program
The House voted 395-18 late Tuesday to halt the Department of Transportation’s year-old program to allow Mexican trucks free access to U.S. roads.
September 10, 2008