Oil rose slightly Wednesday after falling to near $67 a barrel, following a Department of Energy report showed that inventories declined last week, Bloomberg reported.
September 2, 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.
Phoenix Group Gets Contract With H.E.B. Unit in Mexico
Logistics provider the Phoenix Group landed a construction logistics contract with the Mexican division of H.E.B. Grocery Co. of Houston that will more than double the size of its construction management division, Phoenix said.
September 2, 2009Opinion: LTLs: Get Back in the Box
Most carriers were ill-prepared to manage in the current recession, and much has been written lately about post-recession operation, a term that strikes me as limiting and defensive particularly in the case of less-than-truckload carriers.
September 2, 2009Oil Rises Following DOE Inventory Report
ISM Factory Index Shows Manufacturing Expansion
U.S. manufacturing showed expansion in August for the first time in more than a year and half, the Institute for Supply Management said Tuesday.
September 1, 2009Construction Spending Falls 0.2% in July
U.S. construction spending slipped 0.2% in July, the Commerce Department said Tuesday.
September 1, 2009Diesel Rises 0.6瞽 to $2.674 in Sixth Straight Increase
Diesel fuels national average price rose slightly, gaining 0.6 cent to $2.674 a gallon, its sixth straight gain, the Department of Energy reported.
September 1, 2009Aftermarket Revenue to Fall by 10% This Year, Industry Analysts Estimate
The heavy-duty aftermarket industry, which had passed through the previous two recessions relatively unscathed, has been hit hard this time, with one analyst saying revenue will be down 8% to 10% this year compared to 2008, which itself suffered a 4% drop from 2007.
September 1, 2009YRC Gains $950 Million Credit Agreement
YRC Worldwide said it has amended a $950 million credit agreement with lenders, a move that sent its stock higher in after-hours trading, the Associated Press reported.
September 1, 2009New Trucks to Be Added to W.Va. State Fleet
West Virginia-made Hino trucks soon will become part of the state Division of Highways road maintenance fleet, the Associated Press reported.
September 1, 2009Daimler Gains DOE Funding in AltTech Vehicles Program
Daimler Trucks North America said Monday it will participate in at least seven programs totally about $33 million under a U.S. Department of Energy grant for alternative technology vehicles.
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