The Department of Transportation’s freight transportation services index fell 14.2% in June from a year earlier, the largest June-to-June decline in the 20 years in which it has been calculated.
August 12, 2009Business, Safety, Government
DOT Freight Transport Index Plunges 14.2%
Government, Business
Intermodal Traffic Takes Big Quarterly Drop
Intermodal trailer traffic fell 26.9% in the second quarter of 2009, the Intermodal Association of North America reported.
August 12, 2009Business, Government, Safety
DHL Fined $9.4 Million for Embargo Violations
DHL Express will pay the U.S. government $9.4 million in fines to settle a dispute that it made shipments to Iran, Sudan and Syria in violation of U.S. embargoes, the Associated Press reported.
August 12, 2009Government
U.S. Trade Gap Widens in June
The U.S. trade deficit widened 4% in June, the Commerce Department said Wednesday.
August 12, 2009Business, Safety, Government, Logistics
Opinion: The Customer Service, Dispatch Dilemma
As the recession deepens, there is growing awareness in the transportation industry of the role dispatchers play in keeping third-party logistics firms and freight brokerages competitive, particularly in the areas where dispatch and customer service collide.
August 11, 2009Business, Fuel, Government
DOE Raises Diesel Price Forecast for 2010
The Department of Energy held its diesel price forecast for 2009 steady at $2.46 a gallon, but bumped its projection for next year by a nickel from a previous forecast.
August 11, 2009Business, Government, Safety
U.S. Worker Productivity Jumps to 6.4% Rate
U.S. workers’ productivity surged in the second quarter to an annual rate of 6.4%, the fastest in almost six years, the Labor Department said Tuesday.
August 11, 2009Business, Fuel, Government
Diesel Rises 7.5¢ to $2.625; Gas Jumps 9¢
Diesel and gasoline prices both jumped Monday, with diesel rising 7.5 cents to $2.625 a gallon and gas gaining 9 cents to $2.647, the Department of Energy said.
August 11, 2009Business, Government
Wholesale Inventories Fall for Tenth Month
Wholesale inventories fell in June for the tenth consecutive month, the Commerce Department said Tuesday.
August 11, 2009Business, Fuel, Government
Daimler Sets $9,000 Price Increase for 2010 Engines
Daimler Trucks North America will raise its heavy-duty truck prices for 2010 models by $9,000 to account for new emissions technology, with medium-duty trucks costing $6,700 to $7,300 more than 2009 models.
August 11, 2009