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Corporations Review Transport Operations as Pressure Grows to Reduce Expenses

Corporate-owned truck fleets are facing growing pressure to justify their in-house freight operations as manufacturers and retailers target transportation expenses in response to the sharp nationwide downturn in sales.

May 4, 2009

Calif. Demands 10% Carbon Cut in Transportation Fuels by 2020

California environmental regulators have approved a new standard that will require a 10% reduction in the carbon content of transportation fuels by 2020 and encourage a transition to nonpetroleum-based fuels.

May 4, 2009

Judge Blocks Calif. Owner-Operator Ban

A federal judge last week issued a preliminary injunction blocking many of the provisions in the clean trucks plans of the Ports of Los Angeles and Long Beach, including the controversial ban on independent drayage owner-operators at Los Angeles.

May 4, 2009

Consumer Sentiment Index Improves

U.S. consumer confidence improved in April to the highest level since late last year, according to the Reuters/University of Michigan’s monthly consumer sentiment index released Friday.

May 1, 2009

ISM Manufacturing Index Improves

Manufacturing in the U.S. improved last month but still showed overall contraction, the Institute for Supply Management said Friday.

May 1, 2009

NAFTA Trade Falls 30.9% in Record Decline

Surface transportation trade among the United States, Canada and Mexico plunged 30.9% in February from a year earlier, the biggest year-to-year decline on record, the Department of Transportation said Thursday.

April 30, 2009

Personal Spending Declines 0.2%

Consumer personal spending fell in March after two months of growth, the Commerce Department said Thursday.

April 30, 2009

Oil Rises to $51 a Barrel

Oil closed the trading day Wednesday near $51 a barrel on the New York Mercantile Exchange following an Energy Department report that showed gasoline inventories declined last week, Bloomberg reported.

April 29, 2009

Mullen’s First-Quarter Income Drops

Canadian transportation firm Mullen Group Income Fund said its first-quarter profit dropped 37.8% to C$31 million or 38 cents per unit, from C$49.8 million, or 62 cents per unit, a year ago.

April 29, 2009

First-Quarter GDP Shows 6.1% Contraction

The U.S. economy contracted at an annual rate of 6.1% rate in the first quarter, following the 6.3% downturn in the fourth quarter of last year, the Commerce Department said Wednesday.

April 29, 2009