The U.S. economy has weakened since the start of the year, hitting both freight transportation and manufacturing, both of which are dealing with soaring energy prices, the Federal Reserve said Wednesday.
March 5, 2008Government, Business, Safety, Fuel
TCA Chiefs Report Little Sign of Freight Tonnage Recovery
NASSAU, Bahamas — Leaders of the Truckload Carriers Association said their members have seen no improvement in the thin freight market, despite reports that tonnage has increased in the past three months, and that their other great worry was sharply rising fuel prices.
March 10, 2008Government, Business, Safety
Upcoming Changes in White House, Congress Cloud Picture for Trucking Industry’s Future
While politicians and pollsters count up votes and delegates in the long, slow march to the presidential election this November, trucking industry officials said the upcoming change in power clouds the industry’s outlook for 2009 and beyond.
March 10, 2008Business, Logistics, Government
Diesel Again Hits Record, at $3.658
Retail diesel prices jumped another 10.6 cents a gallon last week to a new record national average of $3.658; diesel has now risen 37.8 cents a gallon over the past three weeks.
March 10, 2008Business, Safety, Government
Washington State Seeks Trucking Input for Parking Survey
The Washington State Department of Transportation is asking truckers and trucking companies for information to help develop truck parking in the state, in particular along key interstates.
March 7, 2008Government, Business, Safety
Clocks Move Forward One Hour on Sunday for Daylight Saving Time
The Department of Transportation reminds that Daylight Saving Time will begin this Sunday, March 9, with clocks being set ahead one hour for most Americans.
March 6, 2008Government, Business, Logistics
Dynamex Reports Fiscal 2Q Earnings Dip
Logistics and delivery firm Dynamex Inc. said its second-quarter net income was $3.4 million, or 33 cents a share, compared with $3.7 million, or 35 cents, a year earlier.
March 6, 2008Business, Safety, Government, Fuel
Fed ‘Beige Book’ Cites Freight Slowdown
Business, Safety, Government
ISM Services Index Improves, but Still Shows Contraction
The economy’s service sector contracted in February but improved from January, the Institute for Supply Management said Wednesday.
March 5, 2008Business, Government
Oil Tops $104 for First Time
Oil prices soared $5 to close at more than $104 a barrel for the first time Wednesday following OPEC’s decision to keep output levels steady, Bloomberg reported.
March 5, 2008Government
January Factory Orders Decline 2.5%
Factory orders fell 2.5% in January, the Commerce Department said Wednesday.
March 5, 2008