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Congress Considering National Standards for Drivers' Licenses
Click here to write a Letter to the Editor. ongress is considering setting national standards for states to follow in issuing drivers’ licenses, the New York Times reported Tuesday.
May 3, 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..
Kansas City Southern Reports Higher Earnings
Kansas City Southern reported first-quarter net income Tuesday of $5.9 million or 9 cents a share, up from $1.2 million 2 cents a year earlier.
May 3, 2005Federal Reserve Raises Interest Rate to 3%
The Federal Reserve Tuesday unanimously raised the benchmark U.S. interest rate a quarter-point to 3%, the highest since October 2001, and again said it would carry out additional increases at a "measured" pace.
May 3, 2005April Auto, Light Truck Sales Numbers Mixed
Ford Motor Co. reported lower automobile and light truck sales Tuesday while DaimlerChrysler AG reported an increase in auto sales.
May 3, 2005Diesel Retail Average Price Drops 2.7 Cents to $2.262
The average price of retail diesel fuel fell 2.7 cents to $2.262 a gallon, the Energy Department said Monday following its weekly survey of filling stations.
May 3, 2005Yellow Roadway Raises Cash Component in USF Deal
Yellow Roadway Corp. Monday increased the cash component of its pending acquisition of USF Corp. to 65% cash and 35% stock, up from an original 50-50 cash-stock plan.
May 2, 2005FedEx Freight to Raise LTL Rates 5.6%
Click here to write a Letter to the Editor. edEx Freight said Friday it will implement a 5.6% general rate increase effective May 16.
May 2, 2005Technology Briefs - April 26 - May 2
Nextel, Motorola Introduce New Ruggedized Phone • EPA Issues Refrigerant Warning • XM Radio’s Loss Narrows as Subscriptions Rise • Sirius Reports Higher Loss, Increased Revenue • And more...
May 2, 2005Crude Oil Climbs Back Above $50 a Barrel
Click here to write a Letter to the Editor. enchmark light sweet crude oil futures on the New York Mercantile Exchange touched a two-month low of $49.03 a barrel Monday before rising to close at $50.92, Bloomberg reported.
May 2, 2005April ISM Factory Index Falls to 53.3
The Institute for Supply Management reported Monday that its factory index slipped to 53.3 in April, down from 55.2 in March.
May 2, 2005