Surface trade among the United States, Canada and Mexico rose 1.5% in March from a year earlier, though imports by truck fell, the Department of Transportation said Thursday.
May 29, 2008BusinessGovernment
Consumer Sentiment Index Declines
U.S. consumer confidence fell to a 28-year low in May, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
May 30, 2008BusinessLogisticsGovernment
Chicago Manufacturing Index Shows Contraction
Manufacturing activity in the Chicago region improved in May but showed contraction showed for a fourth straight month, the National Association of Purchasing Management said Friday.
May 30, 2008GovernmentBusiness
Personal Spending, Incomes Gain in April
Consumer personal spending rose 0.2% in April, the Commerce Department said Friday.
May 30, 2008GovernmentBusinessFuel
Minnesota to Require 20% Biodiesel in 2015
Minnesota Gov. Tim Pawlenty (R) signed a bill that will require diesel sold in the state to contain 20% biodiesel content by 2015, the Associated Press reported.
May 30, 2008BusinessGovernmentSafetyFuel
Frozen Food Express to Slow Fleet’s Speed to 62 MPH
Refrigerated truckload carrier Frozen Food Express Industries said Thursday it will lower the maximum speed of its trucks to 62 miles per hour, from 65 mph, in an effort to save money on fuel.
May 29, 2008Government
First-Quarter GDP Revised Up to 0.9%
The U.S. economy grew at a 0.9% annual rate in the first quarter, more than the 0.6% first reported last month, the Commerce Department said Thursday.
May 29, 2008BusinessGovernmentFuel
Oil Closes Above $131 a Barrel
Crude oil futures jumped more than $2 a barrel Wednesday to close at $131.03 a barrel, not far off the record closing price, Bloomberg reported.
May 28, 2008BusinessFuelSafetyGovernment
UPS to Handle DHL’s North America Air Service
UPS Inc. said Wednesday it will provide air transportation in North America for competitor DHL Express, as DHL works to cut costs.
May 28, 2008GovernmentBusinessSafetyFuelTechnology
Letters to the Editor: Ban on Independents, Exporting U.S. Diesel, Ticketing Truckers, Fuel and Emissions
In response to the Los Angeles Port Authority’s looming ban on owner-operators, it never ceases to amaze me that our governmental bodies believe they have autonomous authority over all things.
May 28, 2008