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Editorial: Fuel Prices on the Rise Once Again
Click here to write a Letter to the Editor.Fuel costs jumped sharply last week at retail pumps, while crude oil surged even more, a precursor to additional price hikes coming soon to a fueling station near you.
March 4, 2005TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
January Factory Orders Rise 0.2%, Commerce Says
Orders placed with factories rose 0.2% in January, the Commerce Department reported Friday.
March 4, 2005International Makes Inroads In Heavy-Duty Engine Making
Heavy-duty truck maker International Truck and Engine Corp. said it would manufacture its own large diesel engines adding powerplants ranging from 11 to 13 liters, beginning in fall 2007.
March 4, 2005Payrolls Rise in February, but Unemployment Rises to 5.4%
Employers added 262,000 workers to payrolls in February, the Labor Department reported Friday.
March 4, 2005News Briefs - March 4
Crude Oil Closes at $53.78, Highest Since Oct. 26 • Exel’s Profit Falls on U.S. Write-Down • Intermodal Volume Rises 22.8% for Week • New York’s Mayor Opposes Rail Cargo Tunnel • And more...
March 4, 2005House Committee Passes Six-Year Highway Bill
A House panel approved a six-year, $284 billion highway bill late Wednesday, clearing the way for the measure to move to the House floor next week.
March 3, 2005Fourth-Quarter Productivity Rises at 2.1% Rate
U.S. workers’ productivity grew at a 2.1% annual rate in the fourth quarter, faster than previously estimated, the Labor Department reported Thursday.
March 3, 2005ISM Services Index Rises to 59.8 in February
The Institute for Supply Management said Thursday its services index rose to 59.8 in February, from 59.2 in January.
March 3, 2005January Wholesale Truck Prices Show Largest Gain in 5 Years
U.S. wholesale prices for heavy motor trucks jumped 1.6% in January, marking their largest monthly increase in more than five years, as equipment makers continued to pass along higher costs for raw materials, including steel, aluminum, wood and rubber.
March 3, 2005DHL Americas’ Ernst Sees No Profit Until 2006
The DHL Americas unit of Deutsche Post World Net won’t make a profit until the fourth quarter of 2006, partly because the company is unable to charge as much as its main competitors because of service issues, the parent company’s chief financial officer said.
March 3, 2005