The Department of Transportation said its freight transportation services index fell 14.8% in May from a year earlier to its lowest level in 12 years.
July 10, 2009Government
U.S. Trade Deficit Narrows in May
The U.S. trade deficit narrowed in May to the lowest level in almost a decade, the Commerce Department said Friday.
July 10, 2009Business, Safety, Government
DOT Freight Index Falls 14.8% in May
Government, Business, Safety
ATA Cites Infrastructure Needs Raised by Traffic Study
American Trucking Associations said the results of a new highway traffic congestion study highlight the importance of investing in U.S. highway infrastructure.
July 9, 2009Government
Wholesale Inventories Fall for Ninth Month
Wholesale inventories fell in May for the ninth consecutive month, the Commerce Department said Thursday.
July 9, 2009Government, Business, Safety
Traffic Delays Fell in 2007
U.S. drivers spent less time in traffic delays in 2007 for the first time in at least 25 years, a new study showed.
July 8, 2009Government, Business, Safety, Fuel
Regulators Considering Tighter Oil-Market Rules
U.S. and European regulators are considering stricter rules on speculation in oil markets due to concerns that sharp rises in fuel prices could worsen the global recession, the Wall Street Journal reported Wednesday.
July 8, 2009Fuel, Business, Government
DOE Boosts ’09-’10 Fuel Price Outlook
The Energy Department Tuesday boosted its price forecasts for diesel, gasoline and crude oil for this year and 2010.
July 7, 2009Government, Business, Safety
Virginia to Close 18 Rest Areas This Month
The Virginia Department of Transportation will close 18 of the state’s highway rest areas later this month, but the truck parking spaces lost will be replaced at other rest areas, the Associated Press reported.
July 7, 2009Fuel, Business, Logistics, Government
Diesel Falls 1.4¢ to $2.594
Diesel fuel’s national average price fell 1.4 cents to $2.594 a gallon, its second straight decline following almost two months of increases, the Energy Department said.
July 7, 2009Business, Safety, Government
ISM Services Index Improves
The U.S. economy’s service sector improved last month, showing the smallest level of contraction in nine months, the Institute for Supply Management said Monday.
July 6, 2009