Surface trade among the United States, Canada and Mexico rose 1.5% in March from a year earlier, though imports by truck fell, the Department of Transportation said Thursday.
May 29, 2008Business, Fuel
Oil Drops More than $4 to Close Near $126 a Barrel
Crude oil fell more than $4 Thursday to close at $126.62 a barrel on the New York Mercantile Exchange, Bloomberg reported.
May 29, 2008Business, Safety, Government
NAFTA Surface Trade Rises 1.5%
Business, Government, Safety, Fuel
Frozen Food Express to Slow Fleet’s Speed to 62 MPH
Refrigerated truckload carrier Frozen Food Express Industries said Thursday it will lower the maximum speed of its trucks to 62 miles per hour, from 65 mph, in an effort to save money on fuel.
May 29, 2008Business, Safety
Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic fell for the week ended Saturday compared from a year ago, the Association of American Railroads said Thursday.
May 29, 2008Business
Jobless Claims Rise 4,000 for Week
Initial jobless claims rose by 4,000 last week, the Labor Department said Thursday.
May 29, 2008Business, Government, Fuel
Oil Closes Above $131 a Barrel
Crude oil futures jumped more than $2 a barrel Wednesday to close at $131.03 a barrel, not far off the record closing price, Bloomberg reported.
May 28, 2008Business, Fuel, Safety, Government
UPS to Handle DHL’s North America Air Service
UPS Inc. said Wednesday it will provide air transportation in North America for competitor DHL Express, as DHL works to cut costs.
May 28, 2008Government, Business, Safety, Fuel, Technology
Letters to the Editor: Ban on Independents, Exporting U.S. Diesel, Ticketing Truckers, Fuel and Emissions
In response to the Los Angeles Port Authority’s looming ban on owner-operators, it never ceases to amaze me that our governmental bodies believe they have autonomous authority over all things.
May 28, 2008Fuel, Business, Safety, Equipment, Government
Ford, American Axle Plan Job Cuts
Ford Motor Co. plans to lay off up to 12% of its salaried employees by August as part of a restructuring in the face of slumping sales and high fuel prices, the Associated Press reported Wednesday.
May 28, 2008Business
Navistar Sees Record Revenue in ’08
Truck and engine maker Navistar International Corp. said Wednesday that in the first half of this year its revenue will be $6.7 billion to $6.9 billion, and it will have a manufacturing segment profit of $375 million to $425 million.
May 28, 2008