The Department of Transportation said its freight transportation services index fell 8.5% in April from a year earlier to its lowest level in seven years.
June 10, 2009BusinessLogistics
Dept. of Labor to Fund Texas Logistics Training Program
A grant by the Department of Labor will soon fund a production and supply chain logistics training program in Fort Worth, Texas, the Dallas Business Journal reported.
June 10, 2009BusinessSafetyGovernmentLogistics
Obama to Nominate Hersman as NTSB Chairman
President Obama will nominate Deborah Hersman, a member of the National Transportation Safety Board, to be the board's chairman, the White House said.
June 10, 2009Business
Oil Tops $71 a Barrel
Oil pushed past $71 in early trading Wednesday, a day after closing over $70 a barrel for the first time in seven months, Bloomberg reported.
June 10, 2009BusinessSafetyGovernment
ATA Outlines Safety Agenda
American Trucking Associations Tuesday announced a new safety agenda that the group said will reduce crashes while saving lives and money.
June 9, 2009FuelBusinessGovernment
DOE Boosts Diesel, Gas Price Projections
Diesel fuel will average $2.40 a gallon this year and $2.67 next year, lower than last year’s record high level but up sharply from a previous estimate, the Department of Energy said.
June 9, 2009Business
Navistar’s 2Q Income Plunges
Navistar International Corp. said Tuesday its fiscal second-quarter income fell to $12 million, or 16 cents a share, from $211 million, or $2.88 a share, a year ago, due to what it said were historically challenging market conditions.
June 9, 2009BusinessGovernment
Wholesale Inventories Fall for Eighth Month
Wholesale inventories fell in April for the eighth consecutive month, the Commerce Department said Tuesday.
June 9, 2009FuelBusinessLogisticsGovernment
Diesel Jumps 14.6¢ to $2.498 in Fifth Straight Gain
The national average price of diesel fuel jumped 14.6 cents to $2.498 a gallon, its fifth straight gain and the biggest single-week jump in more than a year, the Department of Energy said.
June 9, 2009Business
UPS, Pilots’ Union Reach Agreement
UPS Inc. and its pilots’ union said they have reached agreement that will avoid the immediate furlough of 300 UPS pilots.
June 9, 2009