Crude oil prices reached another record close on Thursday, passing the $102 a barrel mark as investor flocked to commodities as a hedge against the falling dollar, Bloomberg News reported.
February 28, 2008GovernmentBusinessSafetyFuel
Fleets Search for Savings Through Strategic Equipment Purchases
With fuel prices at a record and the economy teetering at the brink of a recession that could cut into carrier revenue, some truckload carriers are pushing harder for savings by using lighter trailers, limiting idling to save fuel and shortening trade-in cycles.
March 3, 2008FuelBusinessGovernment
B.C. Proposes Carbon Tax to Spur Emissions Reductions
The British Columbia government is planning to impose a carbon tax on fossil fuels beginning on July 1, the most comprehensive tax of its kind in North America.
March 3, 2008FuelGovernment
Diesel Hits Record $3.552 a Gallon
The average retail price of diesel fuel jumped 15.6 cents a gallon to a new record of $3.552 last week, more than 10 cents above the previous record, which was set Nov. 26.
March 3, 2008FuelBusinessGovernment
Editorial: Skyrocketing Fuel Prices Add Pain
As if a slowing economy, depressed housing and auto markets and sharply rising consumer prices aren’t bad enough news for trucking, fuel prices are skyrocketing again.
March 3, 2008GovernmentBusiness
Personal Spending Rises 0.4% in January
Consumer personal spending rose at a rate of 0.4% in January, the Commerce Department said Friday.
February 29, 2008BusinessSafetyGovernmentLogistics
TransForce's 4Q Income Falls on Goodwill Charge
Canadian transportation firm TransForce Income Fund said Thursday it lost C$30.8 million, or 36 cents a share, in the fourth-quarter as a result of a C$56 million write-off of goodwill associated with the Fund’s Oilfield Services division.
February 28, 2008Government
Fourth-quarter GDP Grew at 0.6% Rate
The U.S. economy expanded at a 0.6 % annual growth rate in the fourth quarter, unchanged from last month’s preliminary estimate, according to a revised figure issued Thursday by the Commerce Department.
February 28, 2008BusinessLogisticsGovernment
Teamsters, DHL Reach Tentative Pact
The Teamsters union said Wednesday its national negotiating committee reached a tentative agreement on an agreement with package carrier DHL.
February 27, 2008BusinessSafetyGovernment
January Truck Tonnage Jumps 5.3%
January truck tonnage jumped 5.3% from a year ago, the biggest year-to-year gain since January 2005, American Trucking Associations said in its seasonally adjusted for-hire truck tonnage index.
February 27, 2008