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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, 2002Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Class 8 Truck Sales Fell By 27% in January
Retail sales of Class 8 trucks were down 27.3% in January compared with the same month in 2001 as demand for trucking services remained flat amid a weak economy..
March 11, 2002Diesel 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, 2002Jobless 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, 2002Falling 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, 2002Midrange 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, 2002News 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, 2002Expanded 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, 2002TMC 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, 2002Productivity 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