The Federal Reserve’s rate cut this week helped transportation industry stocks, as the broader economy needed a boost to help soften the slowdown that is projected to last through the first half of 2008, according to American Trucking Associations’ Chief Economist Bob Costello.
September 19, 2007Business, Government
Philadelphia Factory Index Improves
Manufacturing levels increased in the Philadelphia area this month, the Federal Reserve Bank of Philadelphia said Thursday.
September 20, 2007Government, Business
Leading Indicators Decline in August
The index of leading economic indicators fell in August, the New York-based Conference Board said Thursday.
September 20, 2007Business, Safety, Government
Fed Action Boosts Transport Stocks
Business, Safety, Government, Logistics
Sleep Apnea Program Cuts Costs for Health Care, Schneider Says
Truckload carrier Schneider National said a sleep apnea screening and treatment program managed by an outside vendor has improved safety and driver productivity while lowering health-care costs.
September 19, 2007Business, Safety, Government
Knight Issues 3Q Earnings Warning
Truckload carrier Knight Transportation said its third-quarter earnings would be below analysts’ predictions, citing an industrywide decline in freight tonnage and excess truckload capacity.
September 19, 2007Business, Safety, Government
Letters to the Editor: Border Dissent, HOS, Defensive Driving
I would like to urge everyone reading this letter to contact their local representatives and ask them not to pass the law allowing Mexican carriers full, direct access to U.S. roadways and customers.
September 19, 2007Business, Government
CPI Falls for First Time This Year
The consumer price index fell in August for the first time this year in August, dipping 0.1%, the Labor Department said Wednesday.
September 19, 2007Business, Government
CPI Falls for First Time This Year
The consumer price index fell in August for the first time this year in August, dipping 0.1%, the Labor Department said Wednesday.
September 19, 2007Government, Business, Safety, Logistics
Report Cites Congestion Problems Nationwide
Drivers waste nearly an entire work week each year sitting in traffic on the way to and from their jobs, according to a national study released Tuesday, the Associated Press reported.
September 18, 2007Fuel, Business, Logistics, Government
Diesel Jumps 4¢ to $2.964; Gas Falls 3.1¢ to $2.787
Diesel fuel’s national average price jumped 4 cents from last week to $2.964 a gallon, the Energy Department said Monday.
September 18, 2007