Crude oil futures jumped more than $2 Friday to a record $95.93 per-barrel closing price on the New York Mercantile Exchange, Bloomberg reported.
November 2, 2007Business
Sept. Tonnage Drops 2.3%; No Quick Rebound Seen
Truck tonnage declined 2.3% in September and analysts said fleets face a protracted period of softness in freight demand as new economic data provided few signs of an upturn in business activity.
November 5, 2007GovernmentBusinessSafety
Border Bottlenecks, Regulations Top Concerns for Ontario Shippers, Carriers
For Ontario — Canada’s manufacturing hub and a heavy participant in North American trade — trucking executives say today’s key issue in transportation is to keep the fleets moving steadily back and forth across the border.
November 5, 2007BusinessLogisticsFuelGovernment
Diesel, Crude Oil Hit New Records
Retail diesel prices continued to climb last week, with the national average jumping 6.3 cents to $3.157 a gallon, matching the record set two years ago, according to the Department of Energy.
November 5, 2007Business
Mack, UAW Extend Contract to December
Mack Trucks and the United Auto Workers have agreed to extend the terms of union contracts that were to have expired at midnight Wednesday, the Associated Press reported.
November 2, 2007Business
Unemployment Rate Holds at 4.7%
U.S. payrolls rose in October and the unemployment rate held at 4.7%, the Labor Department said Friday.
November 2, 2007Business
Freightliner Moving 340 Jobs to East Coast
Freightliner LLC said Thursday that it will transfer 340 sales, marketing and customer support jobs from its corporate headquarters in Portland, Ore., to South Carolina, in order to be closer to its customers and production facilities.
November 1, 2007BusinessSafety
Intermodal Levels Fall for Week
Rail traffic rose slightly, but intermodal traffic continued a downward trend in falling for the week ended Saturday from the same week last year, the Association of American Railroads said Thursday.
November 1, 2007BusinessSafetyGovernment
ISM Factory Index Falls in October
The Institute for Supply Management’s manufacturing index declined in October, ISM said Thursday.
November 1, 2007Business
Oshkosh Truck’s 4Q Profit Surges
Specialty truck maker Oshkosh Truck Corp.’s fiscal fourth-quarter profit soared 74%, the company said Thursday.
November 1, 2007