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March Retail Sales Rise 0.3%, Short of Expecations
March retail sales rose 0.3%, the Commerce Department reported Wednesday, less than forecasters had predicted.
April 13, 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..
Sandberg Asks Senate To Include HOS in Bill
Annette Sandberg, administrator of the Federal Motor Carrier Safety Administration, last week asked a Senate subcommittee to include truck drivers’ hours-of-service rules in the multiyear highway funding bill because it would help establish clear guidelines and eliminate the uncertainty surrounding the issue.
April 13, 2005Qualcomm's Wireless Unit President Chris Wolfe to Resign
Chris Wolfe resigned as president of Qualcomm Inc.’s wireless business unit and was replaced by Joan Waltman, the company’s vice president of engineering, Qualcomm said Wednesday.
April 13, 2005House Panel Approves Postal Reform Bill
A House committee approved a bill Wednesday that would allow the U.S. Postal Service to raise rates more easily and operate more like a private business, Bloomberg reported.
April 13, 2005Crude Oil Prices Fall Following Strong Inventory Report
Crude oil prices continued to fall Wednesday, dropping below $51 a barrel following a Department of Energy report showing strong inventories for both oil and gasoline.
April 13, 2005P.A.M.'s Board Authorizes Stock Repurchase
Truckload carrier P.A.M. Transportation Services Inc. said late Monday its board of directors had authorized the company to repurchase up to 600,000 shares of its common stock over the next six months.
April 12, 2005U.S. Trade Deficit Hit Record $61 Bln. in February
The U.S. trade deficit rose to an all-time high of $61 billion in February, the Commerce Department reported Tuesday.
April 12, 2005Governors' Group Reportedly Seeking Increased Ethanol Use
Thirty-three U.S. governors are seeking to expand federal mandates for the use of ethanol as a fuel additive, the Wall Street Journal reported Tuesday.
April 12, 2005ATA Names New Regional Vice President
American Trucking Associations said last week it had named John McKinnon regional vice president for the mid-South, comprising North Carolina, South Carolina, Virginia, Maryland, West Virginia, Kentucky and Tennessee.
April 12, 2005FMCSA Speaks Against Mandatory Fuel Surcharge
The head of the Federal Motor Carrier Safety Administration said the agency opposed a congressional measure that would require shippers to pay a fuel surcharge to truckload carriers.
April 12, 2005