Oil closed Wednesday at a record high price of $110.87 a barrel, after earlier topping $112 for the first time in intraday trading, the Associated Press reported.
April 9, 2008Business, Government
Oil Closes at New Record High
Business, Safety, Government
DOT Transport Index Rises 2.7%
The Department of Transportation’s freight transportation services index for February rose 2.7% from a year earlier, DOT said Wednesday.
April 9, 2008Business
UPS Lowers 1Q Outlook on Sluggish Economy
UPS Inc. reduced its first-quarter earnings estimate because domestic shipments are slowing as the U.S. economy weakens.
April 9, 2008Business, Safety, Government, Fuel
Letters to the Editor: Driver Training; Crashes, Cell Phones; Fuel Prices
As I understand the new driver-training rules, they indicate that a company cannot hire drivers if that company has a school for training those drivers. This is in conflict with every training institution in the country — if not the world.
April 9, 2008Business, Safety, Government
Opinion: Costly, Ineffective New Federal Training Rules
Safety is the paramount goal of every motor carrier. From intensive driver training to using the finest technology available, the trucking industry strives to uphold the highest safety standards while ensuring the smooth and steady flow of cargo on our nation’s highways.
April 9, 2008Business, Government
Daimler’s Earnings to Rise on Growth in Russia, China
Daimler AG said Wednesday its sales and profit will rise this year on higher demand from emerging economies such as Russia and China, outweighing a weaker U.S. economy, Bloomberg reported.
April 9, 2008Government, Business
Daimler’s Earnings to Rise on Growth in Russia, China
April 9, 2008
Business
Freightliner to Cut Work Force at N.C. Plant
Freightliner Trucks plans to lay off about 1,500 workers at a North Carolina truck plant, the Charlotte Observer reported.
April 9, 2008Business, Safety, Government
Trust Fund May Face Deficit, Former DOT Official Says
The main funding vehicle for the U.S. highway infrastructure will be exhausted by next year, according to a transportation expert, the Wall Street Journal reported Wednesday.
April 9, 2008Business, Safety, Government
Jevic to Close Ohio Terminal
Jevic Transportation said it plans to close a facility in West Chester Township, Ohio, in June, the Hamilton (Ohio) News-Journal reported.
April 9, 2008