Inventories of crude oil, gasoline and distillate fuel all rose last week, the Energy Department reported Wednesday, following Tuesday’s closing-price crude oil record of more than $87 a barrel.
October 17, 2007Search
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Covenant Takes Third-Quarter Loss
Covenant Transportation Group reported it lost $3.6 million or 25 cents a share, compared with a net income of $795,000 or 6 cents a year earlier.
October 19, 2007
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Philadelphia Factory Index Dips
Manufacturing levels declined in the Philadelphia area this month, the Federal Reserve Bank of Philadelphia said Thursday.
October 18, 2007Fed ‘Beige Book’ Notes Mixed Trucking Activity
A report from the Federal Reserve’s regional banks suggested that economic activity continued to expand, although trucking’s outlook varied by region.
October 18, 2007Leading Economic Indicators Rise 0.3%
An index of leading economic indicators rose 0.3% in September, the New York-based Conference Board said Thursday.
October 18, 2007Consumer Price Index Rises 0.3% in September
The consumer price index rose 0.3% in September, led by increases in food and fuel, the Labor Department said Wednesday.
October 17, 2007Knight’s Third-Quarter Earnings Decline
Truckload carrier Knight Transportation’s third-quarter profit fell to $14.5 million or 17 cents a share, from $18.9 million or 22 cents a year ago.
October 18, 2007States Receive FHWA Funds to Ease Delays
The Federal Highway Administration announced Oct. 5 it is issuing nearly $5 million in grants to six states to “reduce traffic jams near highway construction sites by speeding project completion.â€
October 17, 2007Peters Asks Congress to Approve Mexican Truck Program
Transportation Secretary Mary Peters asked Congress Wednesday to reconsider its pending prohibition and let a cross-border trucking demonstration program between the United States and Mexico proceed.
October 17, 2007Court Says FedEx Drivers Can Sue for Status; Company Plans To Appeal
A federal judge ruled Monday that FedEx Corp.’s independent drivers can sue as a group for benefits sought in a lawsuit filed by workers claiming they should be paid as full-time employees, Bloomberg reported.
October 16, 2007