The Department of Transportation’s freight transportation services index for November rose 1.8% from a year earlier, DOT said Wednesday.
January 9, 2008Search
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Wholesale Inventories Rise 0.6%
Wholesale inventories rose 0.6% in November, while sales jumped 2.2%, the Commerce Department said Thursday.
January 10, 2008I-4 Closed in Florida Following Pileup
A 15-mile stretch of Interstate 4 in central Florida remained closed early Thursday after a 70-vehicle crash Wednesday caused by fog and smoke from a brush fire, the Associated Press reported.
January 10, 2008Fed Chairman Says Rate Cut Likely
Federal Reserve Board Chairman Ben Bernanke said the Fed would cut interest rates as needed to prevent housing and credit problems from plunging the country into a recession, the Associated Press reported.
January 10, 2008FedEx Says Its Drivers Are Classified Correctly
FedEx Corp. Chief Executive Frederick Smith he is confident the company’s FedEx Ground unit drivers are correctly classified and that the division remains “fundamentally strong” in the face of adverse court rulings.
January 10, 2008Polar Air Cargo to Begin U.S.-Japan Flights
Polar Air Cargo Worldwide said Wednesday it will begin service to Japan, from Chicago, starting Feb. 21.
January 9, 2008Year in Review: Hours Battle Continued in ’07 as Adversaries Went to Court
The eyes of the trucking industry were firmly fixed on Washington for much of 2007, first watching a federal court deliberate over the fate of the hours-of-service rule, then looking to the Federal Motor Carrier Safety Administration to see how it would address the court’s ruling.
January 9, 2008UPS Expands International Express Service
UPS Inc. said Monday it is expanding an international air-freight service that guarantees delivery dates, as it leans more on global operations.
January 7, 2008Diesel to Average $3.40 Through March, DOE Says
Monthly diesel fuel average prices will be at least $3.40 a gallon for the first three months of 2008 before tailing off later in the year to near $3, the Department of Energy said Tuesday.
January 8, 2008Oil Prices Fall on Economic Concerns
Crude oil fell by almost $3 to near $95 a barrel Monday, on concerns a cooling economy will curb demand for oil and gasoline, Bloomberg reported.
January 7, 2008