Inventories of crude oil, gasoline and distillate fuel all rose last week, the Energy Department reported Wednesday, following Tuesday’s closing-price crude oil record of more than $87 a barrel.
October 17, 2007Search
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Philadelphia Factory Index Dips
Manufacturing levels declined in the Philadelphia area this month, the Federal Reserve Bank of Philadelphia said Thursday.
October 18, 2007Fed ‘Beige Book’ Notes Mixed Trucking Activity
A report from the Federal Reserve’s regional banks suggested that economic activity continued to expand, although trucking’s outlook varied by region.
October 18, 2007Leading Economic Indicators Rise 0.3%
An index of leading economic indicators rose 0.3% in September, the New York-based Conference Board said Thursday.
October 18, 2007Consumer Price Index Rises 0.3% in September
The consumer price index rose 0.3% in September, led by increases in food and fuel, the Labor Department said Wednesday.
October 17, 2007Knight’s Third-Quarter Earnings Decline
Truckload carrier Knight Transportation’s third-quarter profit fell to $14.5 million or 17 cents a share, from $18.9 million or 22 cents a year ago.
October 18, 2007States Receive FHWA Funds to Ease Delays
The Federal Highway Administration announced Oct. 5 it is issuing nearly $5 million in grants to six states to “reduce traffic jams near highway construction sites by speeding project completion.â€
October 17, 2007Peters Asks Congress to Approve Mexican Truck Program
Transportation Secretary Mary Peters asked Congress Wednesday to reconsider its pending prohibition and let a cross-border trucking demonstration program between the United States and Mexico proceed.
October 17, 2007Court Says FedEx Drivers Can Sue for Status; Company Plans To Appeal
A federal judge ruled Monday that FedEx Corp.’s independent drivers can sue as a group for benefits sought in a lawsuit filed by workers claiming they should be paid as full-time employees, Bloomberg reported.
October 16, 2007ATA Expects 11-Hour HOS Limit Will Hold
ATA President Bill Graves said Friday that he expects a court’s 90-day stay will give federal regulators enough time to issue an interim final rule maintaining an 11-hour limit for truck drivers’ hours of service, the Associated Press reported.
October 15, 2007