Oil prices continued to surge, pushing past $123 a barrel for the first time Wednesday, even as a Department of Energy report showed supplies improved last week, Bloomberg reported.
May 7, 2008Business
Express-1 Reports Improved 1Q Profit
Express-1 Expedited Solutions said Thursday it earned $643,000, or 2 cents a share, in the first quarter, up from $461,000, or 2 cents, a year ago.
May 8, 2008Business, Fuel, Government, Safety
Atlas Air Reports First-Quarter Loss
Air cargo company Atlas Air Worldwide Holdings said Thursday it lost $5.3 million, or 25 cents a share, in the first quarter, compared with a profit of $6.2 million, or 29 cents, a year ago.
May 8, 2008Business, Equipment, Government
Accuride’s First-Quarter Widens
Commercial vehicle component maker Accuride Corp. said Thursday it lost $11.7 million, or 33 cents a share, in the first quarter, compared with a loss of $1.9 million, or 5 cents, a year ago.
May 8, 2008Business
Jobless Claims Decline for Week
Initial jobless claims fell by 18,000 last week, the Labor Department said Thursday.
May 8, 2008Business, Fuel, Government
Oil Surges Past $123 a Barrel
Government, Business, Safety
Wash. State Survey Highlights Truck-Parking Safety Concerns
The Washington State Department of Transportation said the respondents to its truck parking survey said overwhelmingly that there were not enough parking for trucks in the state, and were concerned about safe parking.
May 7, 2008Business, Safety, Government
So. Calif. Port Workers Slow to Enroll in TWIC, Raising Fears About Possible Driver Shortage
Enrollments in the federal Transportation Worker Identification Credential program at the ports of Los Angeles and Long Beach, Calif., are lagging behind schedule, causing concern among port officials about a possible shortage of drivers when the TWIC is required for entry this fall.
May 7, 2008Business, Safety, Government, Logistics
A&R Logistics Buys West Coast Transporter
A&R Logistics said Wednesday it acquired Pacific Chemical Distribution Corp. and its affiliate Pacific Bulk Transportation Co., for an undisclosed sum.
May 7, 2008Government, Business, Safety, Fuel, Logistics
ATA Calls for 65-MPH Speed Limit to Curb Fuel Consumption
An American Trucking Associations official asked a congressional panel to set a national speed limit of 65 miles per hour, as part of a series of steps ATA said would support the trucking industry’s efforts to reduce fuel consumption and address the escalating cost of diesel.
May 7, 2008Business
Marten Transport Names New President
Refrigerated truckload carrier Marten Transport said Wednesday that Timothy Kohl will become the company’s president, effective June 2.
May 7, 2008