Nine of the Federal Reserve’s 12 districts reported that economic conditions weakened from late February through early April, and the Fed said record high fuel costs were hurting trucking companies who were struggling to pass on the soaring costs to customers.
April 16, 2008Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Opinion: Preparing for DOT’s Driver Physical
For most truckers, the U.S. Department of Transportation physical is just an inconvenience, but for some, it can be a major hurdle. Commercial drivers are understandably concerned, because without the Medical Examiner’s Certificate, they would be out of a job.
April 16, 2008New York State Manufacturing Index Improves
Manufacturing growth in New York state improved this month, the Federal Reserve Bank of New York said Tuesday.
April 15, 2008Larger Trucks More Efficient, Reduce Emissions, Study Says
The use of heavier trucks can be an effective way for the industry to reduce fuel consumption and emissions, a new study by the American Transportation Research Institute said.
April 15, 2008Oil Closes at New Record Over $113 a Barrel
Oil prices jumped almost $2 Tuesday from Monday’s record, closing at a new all-time high of $113.79 a barrel, Bloomberg reported.
April 15, 2008FMCSA Issues CDL Learner’s Permit Rule
The Federal Motor Carrier Safety Administration said it intends to set new minimum standards for issuing learner’s permits to prospective commercial drivers and revise the knowledge and skills tests administered to people seeking commercial driver licenses.
April 15, 2008Business Inventories Rise 0.6%, Commerce Says
Business inventories rose 0.6% in February, the Commerce Department said Monday.
April 14, 2008UAW Rejects Mediator on American Axle Strike, Paper Reports
Parts supplier American Axle & Manufacturing Holdings has asked a federal mediator to help broker a deal to end the a 48-day strike, but offer was rejected by the United Auto Workers union, the Detroit News reported Monday.
April 14, 2008Retail Sales Rise 0.2% in March
Retail sales rose 0.2% in March, the Commerce Department said Monday.
April 14, 2008Eaton’s 1Q Profit Gains; Trucking Segment Lags
Heavy-duty vehicle parts manufacturer Eaton Corp.’s first-quarter net earnings rose 5.6%, led by international sales, though its truck segment’s sales declined, the company said Monday.
April 14, 2008