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Consumer Sentiment Index Rises for First Time This Year
The University of Michigan said Friday its consumer sentiment index rose in June for the first time this year.
June 17, 2005
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Opinion: Model Contract Fills Regulatory Void
Click here to write a Letter to the Editor. img src="http://www.ttnews.com/images/printeditiontag_new.gif" width=120 align=right>When the National Industrial Transportation League and the Transportation Intermediaries Association announced an agreement endorsing a model contract for shippers and third-party logistics providers, the need for such a contract was indisputable.
June 17, 2005Senate Committee Approves Energy Incentives, Tax Breaks
The Senate Finance Committee approved a package of energy tax breaks and financial incentives that will be tacked on to pending energy legislation, news services reported.
June 17, 2005OPEC Says It Will Have to Pump More Oil to Meet Demand
Click here to write a Letter to the Editor. he OPEC oil cartel said its members would have to pump more crude oil in the second half of the year than earlier in 2005 to meet increasing demand, Bloomberg reported.
June 17, 2005Rail Volume Falls, Intermodal Gains, AAR Says
Rail freight traffic fell in the second week of June compared with the same week last year, but intermodal volume rose, the Association of American Railroads said.
June 17, 2005NHTSA Releases Data on Speeding-Related Fatalities
About 1,000 people die each month in speed-related vehicle crashes, according to federal data, the Associated Press reported.
June 17, 2005Crude Oil Hits New Record, Closing at $58.47 a Barrel
Click here to write a Letter to the Editor. rude oil hit a record Friday, closing at $58.47 a barrel, and gasoline and heating-oil futures also rose amid speculation refineries won’t be able to keep up with rising global fuel demand, including diesel, Bloomberg reported.
June 17, 2005Schneider Logistics to Acquire Port Services Company
Truckload carrier Schneider National’s logistics unit said Friday it signed a definitive agreement to acquire American Port Services, a provider of port transloading, warehousing and distribution services.
June 17, 2005Yellow to Acquire 50% Stake in Chinese Transportation Company
Yellow Roadway said Friday it would spend $45 million to obtain a 50% stake in a Chinese freight company called JHJ International Transportation.
June 17, 2005BAX Global to Be Sold, Journal Reports
Brink’s Co. is placing its BAX Global air cargo transportation and logistics unit up for sale, the Wall Street Journal reported Thursday.
June 16, 2005