Truckload carrier Landstar System’s second-quarter earnings per share rose 40%, on a stronger freight environment.
July 14, 2010Business
New Jobless Claims Fall to Lowest Level in Almost Two Years
Initial jobless claims fell last week to the lowest level in almost two years, the Labor Department said Thursday.
July 15, 2010Business
DOT Freight Transport Index Improves in May
The Department of Transportation’s freight transportation services index rose 4.4% in May from a year ago, marking the third straight year-to-year increase.
July 14, 2010Business
FMCSA Proposes HOS Waiver for Ammonia Carriers
The Federal Motor Carrier Safety Administration Wednesday proposed a two-year exemption from the federal hours-of-service regulations for transporters of anhydrous ammonia.
July 14, 2010Business
Roadcheck Figures Show High Compliance Levels
Only 4.4% of drivers stopped for inspections in this year’s Roadcheck event held last month were placed out service — the same percentage as last year when driver compliance hit an all-time high for the annual safety inspection event held across North America.
July 14, 2010BusinessFuel
Oil Slips as Diesel, Gasoline Inventories Improve
Oil prices fell below $77 a barrel Wednesday following a Department of Energy report that showed diesel and gasoline inventories improved last week even though oil stockpiles declined, Bloomberg reported.
July 14, 2010Business
Retail Sales Fall for Second Month
Retail sales fell for a second straight month in June, slipping 0.5%, the Commerce Department said Wednesday.
July 14, 2010Business
Business Inventories Rise in May; Sales Decline
Business inventories rose 0.1% in May, the smallest gain this year, as sales fell, the Commerce Department said Wednesday.
July 14, 2010Business
Import Prices Drop 1.3% in June
The price of goods imported to the United States fell 1.3% in June, the most since January 2009, the Labor Department said Wednesday.
July 14, 2010BusinessSafetyGovernmentAutonomous
Opinion: Boost Safety to Control Risks, Cut Losses
The recession appears to be waning, but trucking still is feeling the downturn’s effects and is keeping a watchful eye on expenses, including insurance.
July 13, 2010