Crude oil prices fell almost $6 a barrel Wednesday following a Department of Energy report that showed crude oil inventories rose last week, Bloomberg reported.
March 19, 2008Business
Jobless Claims Rise 22,000 for Week
Initial jobless claims rose 22,000 last week, the Labor Department said Thursday.
March 20, 2008Business
I-95 Reopens in Philadelphia
A two-mile section of Interstate 95 in Philadelphia that was closed for more than two days reopened early Thursday, the Philadelphia Inquirer reported.
March 20, 2008Business
ArvinMeritor Says 2Q Earnings Will Improve
Heavy-duty parts maker ArvinMeritor Inc. said its fiscal second-quarter earnings would be “significantly better” than last year’s second quarter.
March 19, 2008Business, Safety, Government, Fuel, Technology, Equipment
Letters to the Editor: SAFER Scores, Fuel Prices, Border Opening
The Opinion column by John Hausladen, “Be Ready to Explain Your SAFER Scores,” is an excellent reminder to fleets about how important the Safety and Fitness Electronic Record System score is — and, how it can be misinterpreted by those uninformed about the industry.
March 19, 2008Government, Business, Safety, Technology, Equipment
DOT Says Delay Hits Progress on Several Key Regulations
A recent Transportation Department report said work on several key new regulations has fallen behind schedule, including shorter stopping distance for heavy trucks, safety reviews of new trucking companies, medical certification of drivers and a new registration system.
March 19, 2008Business, Safety
N.H. House Votes to Ban Texting While Driving
The New Hampshire House voted Tuesday to make it illegal for drivers to send text messages on cell phones or type on laptop computers or other electronic devices, the Associated Press reported.
March 19, 2008Fuel, Business
Werner Warns on 1Q Earnings Due to Sluggish Demand, Fuel Costs
Truckload carrier Werner Enterprises said Wednesday it expects its first-quarter earnings to fall substantially below last year’s, the Associated Press reported.
March 19, 2008Business, Fuel, Government
Oil Prices Take Biggest Drop Since August
Business
Trucking Gains in Stock Surge
Trucking stocks rose Tuesday along with the Dow Jones industrial average, which soared 420 points, its biggest one-day point gain in more than five years, the Associated Press reported.
March 18, 2008Business
Fed Cuts Key Interest Rate to 2.25%
The Federal Reserve Tuesday cut the key U.S. interest rate by three-quarters of a point, to 2.25%.
March 18, 2008