Rail and intermodal traffic both declined for the week ended Saturday compared with a year ago, the Association of American Railroads said.
August 22, 2008Trucking 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.
Cummins Adds to Market Share in 2008 as Caterpillar’s Engine Sales Decline
Independent engine manufacturer Cummins Inc. continued increasing its market share in heavy-duty engines during the first half of 2008, while sales by competitor Caterpillar Inc. dwindled, WardsAuto.com reported.
August 25, 2008Oil Rises Above $115 Following Big Drop Friday
Oil rose slightly in early trading Monday following a big drop Friday to below $115 a barrel, Bloomberg reported.
August 25, 2008Carriers Expect Weak Volume During Usually Strong Season
Freight carriers are preparing for a relatively weak peak shipping season this year as major retailers react to sluggish economic growth by cutting back on imports and reducing the volume of goods that typically move by truck and rail during what is usually the busiest shipping period in the third and fourth quarters.
August 25, 2008Class 8 Fleet Growth Stagnant In 2nd Quarter, Polk Reports
Growth in the nation’s fleet of Class 8 trucks ground to a halt during the second quarter, as U.S. registrations for vehicles in operation rose by just 0.75%, according to R.L. Polk & Co.
August 25, 2008Rising Transport Costs Push Shippers to Reshape Packaging
Whether the product is laundry detergent or basketballs or almost anything else, changing the way things are packaged to make the most out of a trailer’s space is introducing a little-noticed structural change to the trucking industry.
August 25, 2008Diesel Falls to 3-Month Low
The U.S. retail diesel average fell another 14.6 cents to $4.207 a gallon last week, extending the most pronounced drop in two years to a fifth consecutive week, the Department of Energy reported.
August 25, 2008Two Carriers to Join Port of L.A.’s Clean Trucks Program
Two national truckload carriers have signed letters of intent to participate in the port of Los Angeles’ Clean Trucks Plan, the Los Angeles Times reported Friday.
August 22, 2008ATA Supports Bipartisan Energy Plan
American Trucking Associations said it supports a bipartisan comprehensive energy bill that calls for domestic oil drilling, tax incentives and alternative energy research to lower the price of fuel.
August 22, 2008Rail, Intermodal Traffic Decline for Week
Oil Climbs More Than $5 to Top $121 a Barrel
Oil rose more than $5 Thursday to close at $121.18 a barrel, based on renewed tensions between the United States and Russia and a slip in the U.S. dollar, the Associated Press reported.
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