The Department of Transportation’s freight transportation services index rose 2.1% in September from a year earlier, the seventh straight year-over-year gain.
November 11, 2010BusinessEquipment
Arrow Trucking Employees to Get $2 Million in Back Pay
About 572 former employees of bankrupt flatbed carrier Arrow Trucking Co. will receive $2 million in back wages and benefits, the Tulsa World newspaper reported, citing court documents.
November 11, 2010BusinessFuelGovernment
U.S. Trade Deficit Narrows in September
The U.S. trade deficit narrowed 5.3% in September as a lower dollar boosted exports, the Commerce Department said.
November 10, 2010Business
GM Reports $2.1 Billion Third-Quarter Profit
General Motors Co. Wednesday reported a $2.1 billion third-quarter profit, as it prepares for a new initial public offering as soon as next week, Bloomberg reported.
November 10, 2010Business
Jobless Claims Fall to Lowest Level Since July
Initial jobless claims dropped by 24,000 last week to the lowest level since July, the Labor Department said Wednesday.
November 10, 2010Business
October Import Prices Jump 0.9%
The price of goods imported to the United States rose 0.9% in October, the highest in six months, the Labor Department said Wednesday.
November 10, 2010BusinessSafetyGovernmentAutonomous
Opinion: Trucking Work-Injury Programs
Earlier this year, American Trucking Associations released a very upbeat forecast for U.S. freight transportation. That’s good news, but motor carriers will be challenged to keep pace with this growth.
November 10, 2010GovernmentBusiness
S.C. Boosts Container-Weight Allowance to 100,000 Pounds
South Carolina is issuing special weight permits under a new state policy that allows international shipping containers weighing up to 100,000 pounds to run on the state’s roads, up from the previous 90,000-pound limit.
November 9, 2010GovernmentBusinessAutonomous
Trucking Adds 300 Jobs as Unemployment Holds at 9.6%
Although private sector employment increased by 159,000 overall during the month of October, for-hire trucking employment only grew by 300, according to the Labor Department.
November 9, 2010FuelBusiness
Diesel To Average $3.19 Next Year, DOE Says
Diesel will continue to rise into next year, averaging $3.19 at the pump in 2011, the Department of Energy said.
November 9, 2010