The Federal Reserve’s rate cut this week helped transportation industry stocks, as the broader economy needed a boost to help soften the slowdown that is projected to last through the first half of 2008, according to American Trucking Associations’ Chief Economist Bob Costello.
September 19, 2007Search
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Sleep Apnea Program Cuts Costs for Health Care, Schneider Says
Truckload carrier Schneider National said a sleep apnea screening and treatment program managed by an outside vendor has improved safety and driver productivity while lowering health-care costs.
September 19, 2007Crude Hits Another Record; Tops $81 Overnight
Crude oil futures hit another record Monday, closing at $80.57 a barrel, and the overnight trading price into Tuesday topped $81 for the first time as prices continued to climb, Bloomberg reported.
September 18, 2007Report Cites Congestion Problems Nationwide
Drivers waste nearly an entire work week each year sitting in traffic on the way to and from their jobs, according to a national study released Tuesday, the Associated Press reported.
September 18, 2007TransForce Signs Deal to Purchase Courier
Canadian transportation and logistics firm TransForce Income Fund said it had signed a definitive agreement to buy Century II Holdings, which owns courier company Information Communication Services.
September 17, 2007First U.S. Truck Rolls Past Mexico Border Zone
The first U.S. truck to drive deep into Mexico rolled into that country on Friday, and a Mexican trucking group said it had concerns about the cross-border program, the Associated Press reported.
September 17, 2007New York Manufacturing Index Declines
Manufacturing growth in New York state declined in September, the Federal Reserve Bank of New York said Monday.
September 17, 2007Diesel Price Gains 3.1¢ to $2.924
The national average price of diesel fuel hit its highest level in more than a year last week following a 3.1-cent increase to $2.924 a gallon, while crude oil closed at more than $80 a barrel for the first time.
September 17, 2007Senate Blocks Funds for Mexican Truck Pilot Plan
The Senate last week stripped funding for the Transportation Department’s cross-border trucking program from DOT’s budget just days after the first Mexican truck was allowed to deliver freight to a destination in the United States.
September 17, 2007Fleet Directors Minimize Tires’ Cost
Tire wear and tear is inevitable, but carriers can minimize its effects by choosing high-quality materials and being rigorous about maintenance and checking correct air pressures, several fleet maintenance chiefs and tire manufacturers say.
September 17, 2007