Oil retreated slightly from the one-year high it reached Friday but remained over $78 a barrel in early trading Monday, Bloomberg reported.
October 19, 2009Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Letters: Highway Infrastructure, Chamber Study Flawed, Natural Gas Redux
I applaud Bill Graves, president of American Trucking Associations, for trying to get the Obama administration to make highway infrastructure rebuilding the No. 1 priority.
October 19, 2009Fuel and the Rebounding Economy
There was further evidence last week of the growing link between fuel prices and Wall Street, as the Dow Jones Industrial Average rose above 10,000 for the first time in a year, and the price of crude oil exceeded $75 a barrel for the first time since September 2008.
October 19, 2009Towne Air Freight Extends Lufthansa Agreement to 2012
Towne Air Freight said it has extended into 2012 its agreement with Lufthansa Cargo in which Towne Air Freight will manage all road feeder services for Lufthansa within the United States and Canada.
October 19, 2009Truck Sales Continue Slide
U.S. Class 8 truck sales continued to slide during September, with truck makers recording 28.7% fewer deals than they completed in the corresponding month last year, according to data supplied by WardsAuto.com.
October 19, 2009Rising Sales, Falling Inventories Brighten Trucking’s Prospects
Recent economic reports showing that inventory levels are dropping and that retail sales are increasing provided some welcome positive news for trucking executives last week.
October 19, 2009Intermodal Firms Scramble to Meet U.S. Chassis Rule
After 10 years of fighting to get the federal government to change the safety rules on intermodal freight container chassis, freight companies and their industry groups are scrambling to meet the first important compliance deadline.
October 19, 2009I-80 Tolls Could Cause More Accidents, Increase Business Costs, Group Says
A study released by a group opposed to tolling Interstate 80 in Pennsylvania found that tolls would not only raise the cost of doing business in the region, but likely would result in an increase in crashes as vehicles divert away from the highway.
October 19, 2009ºÚÁϳԹÏÍøland Security Gives States More Time for Delayed Implementation of REAL ID
The Department of ºÚÁϳԹÏÍøland Security has given states several more weeks to request an extension for implementing toughened driver’s licenses and identification card security standards mandated by the 2005 REAL ID law.
October 19, 2009Truck Stops, Retailers Push Congress for Relief from Credit Card Issuers’ Transaction Fees
Retail groups, including the trade association representing truck stops, are urging Congress to enact legislation that would regulate the fees retailers are charged by credit card companies.
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