Crude oil prices reached another record close on Thursday, passing the $102 a barrel mark as investor flocked to commodities as a hedge against the falling dollar, Bloomberg News reported.
February 28, 2008Search
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January Truck Tonnage Grows 5.3%
Truck tonnage in January posted its biggest gain since the beginning of 2005, climbing 5.3% above year-ago levels and marking the third consecutive increase for the monthly index, American Trucking Associations reported Feb. 26.
March 3, 2008TransForce's 4Q Income Falls on Goodwill Charge
Canadian transportation firm TransForce Income Fund said Thursday it lost C$30.8 million, or 36 cents a share, in the fourth-quarter as a result of a C$56 million write-off of goodwill associated with the Fund’s Oilfield Services division.
February 28, 2008Fleets Urge FMCSA to Keep 11th Hour, 34-Hour Restart
Several large trucking fleets have urged the Federal Motor Carrier Safety Administration to retain the 11th hour of driving and the 34-hour restart in its hours-of-service regulations, saying those provisions have improved highway safety and given drivers the flexibility to adjust to unexpected delays.
February 27, 2008Oil Soars Past $102; Fuel Prices Seen Straining Economy
Crude oil rose to more than $102 barrel in early trading Wednesday, the first time it has topped that level, Bloomberg reported.
February 27, 2008Durable Goods Orders Fall 5.3%
Durable goods orders fell 5.3% in January, the Commerce Department said Wednesday.
February 27, 2008DOT Seeks Rail Safety Improvements
The Department of Transportation said it is seeking to reduce common mistakes that result in nearly half of all human factor-caused train accidents.
February 25, 2008Letters to the Editor: Hours of Service, Hard Questions, Fuel Discounts
After spending more than 32 years in this industry, nothing really surprises me anymore. However, with regards to all the political groups who seem to know more about our industry than we do, their members are probably the first to complain when the new stove, washer-dryer, etc., isn’t delivered on time.
February 27, 2008Teamsters, DHL Reach Tentative Pact
The Teamsters union said Wednesday its national negotiating committee reached a tentative agreement on an agreement with package carrier DHL.
February 27, 2008Consumer Confidence Falls in February
Consumer confidence declined in February, the New York-based Conference Board said Tuesday.
February 26, 2008