The national average price of regular gasoline jumped 19 cents in the past two weeks to $2.49 a gallon, rising with the highest oil prices in six months, according to the latest Lundberg Survey of filling stations released Sunday.
June 1, 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.
Personal Spending Dips 0.1%
Consumer personal spending dipped 0.1% in April, the Commerce Department said Monday.
June 1, 2009Gasoline Rises 19¢ to $2.49 a Gallon
Forecasters Predict ‘Near Normal’ Hurricane Season
U.S. forecasters expect a “near normal” Atlantic hurricane season, with up to 14 named tropical storms this year during the hurricane season that begins Monday, the Associated Press reported.
June 1, 2009Letter to the Editor: To the Swiftest
I enjoyed the opinion piece titled “To the Swiftest Go the Spoilers” by Phil Romba in the May-June Equipment & Maintenance Update supplement to the May 18 issue of Transport Topics.
June 1, 2009Freight Falls as Sales Rise
Freight levels continue to dive, even as there are increasing signs that the recession’s bottom has been touched and most economists are predicting that U.S. economic growth will resume in the year’s last quarter.
June 1, 2009Bill Would Ban Tolling on Existing Highways
A bill to keep states from tolling existing roads in the National Highway System has been introduced in Congress by Sen. Kay Bailey Hutchison (R-Texas).
June 1, 2009U.S. Fleet Execs See Growing Potential in Mexico
Despite recession-related declines in trade with the United States, Mexico’s potential as an economic power has shippers and fleet executives taking advantage of the emerging market there.
June 1, 2009Truck Tonnage Weakens in April
The drop in U.S. truck tonnage accelerated in April, plunging 13.2% below the same month in 2008 to the lowest level since November 2001 — just after the 9/11 terrorist attacks — American Trucking Associations reported last week.
June 1, 2009Freight Rates Are Still Dropping, With No Immediate End in Sight
NEW YORK — Carriers and shippers say freight rates continue to drop and with no immediate end in sight, driven by three forces: weak demand, overcapacity and shippers’ moves to cut costs by soliciting new bids.
June 1, 2009LaHood Says Mexico Plan to Reach Congress Soon
WASHINGTON — The Obama administration plans to have a proposal for opening the U.S.-Mexico border to longhaul trucking ready when Congress returns from its Memorial Day recess, Transportation Secretary Ray LaHood said, adding that he thought the plan could be implemented as soon as this summer.
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