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News Briefs - March 11

FedEx Drops Arthur Andersen, Hires Ernst & Young • Crude Price Jumps On Concern Over U.S.-Iraq Conflict • Economists See Fed Adopting Neutral Stance • French Truckers Blockade Oil, Fuel Facilities in Hours Dispute • And more...

March 11, 2002

Diesel Fuel Increases 4.3 Cents to $1.216 Per Gallon

For the fourth time in the past five weeks, the average price of diesel fuel increased, the U.S. Department of Energy said Monday.

March 11, 2002

Jobless Rate Unexpectedly Dips to 5.5%

The U.S. economy added jobs in February for the first time since July, pushing the unemployment rate down to 5.5% from 5.6% in January, the Labor Department reported Friday.

March 8, 2002

Falling Competition Aids Carriers' Bottom Lines

By virtue of having almost 7,700 fewer competitors to outmaneuver than they did two years ago, many large truckload carriers reported better earnings at the end of 2001 than at the same time in 2000.

March 8, 2002

Midrange Commercial Truck Market Expected to Remain Sluggish

Despite signs of a strengthening economy, several medium-duty truck manufacturing executives said they expect the midrange commercial truck market to remain in the doldrums this year with sales comparable to 2001, perhaps even dropping slightly.

March 8, 2002

News Briefs - March 8

Kmart to Close 284 Stores, Cut 22,000 Jobs • Senate Passes Stimulus Bill • Analysts Believe More Bankruptcies Coming • Study: Ergonomics Policy Would Have Big Impact on Trucking • And more ...

March 8, 2002

Expanded TMC Endeavoring to Integrate IT Members

FT. LAUDERDALE, Fla. — The new name is old hat now, but the Technology and Maintenance Council and some of its newest members were still getting used to one another as the council opened its annual meeting March 4.

March 8, 2002

TMC Lauds Strawhorn As He Nears Retirement

FT. LAUDERDALE, Fla. — Larry Strawhorn, vice president of engineering for American Trucking Associations, was honored by the Technology and Maintenance Council March 6 at its annual meeting.

March 8, 2002

Productivity Jumps 5.2% in 4Q, Revised Report Says

A combination of increased output and reduced employment sent the productivity of U.S. workers and businesses, as reported by the Labor Department Thursday, up 5.2% in the fourth quarter of 2001, revised from a previously reported 3.5% figure..

March 7, 2002