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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Oil Continues to Climb, Topping $116 a Barrel
Oil prices hit yet another record high Friday, toping $116 a barrel on concerns that an earthquake centered in Illinois could affect refinery operations, Bloomberg reported.
April 18, 2008
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Hino Shifting Medium-Duty Work to W. Va.
Hino Motors Ltd. said it will halt assembly of trucks in California and shift the work to a West Virginia factory to consolidate U.S. production, Bloomberg reported.
April 17, 2008Housing Starts Fall to 17-Year Low
Housing starts plunged 11.9% in March to the lowest level in 17 years, the Commerce Department said Wednesday.
April 16, 2008Consumer Price Index Gains 0.3% in March
The consumer price index rose 0.3% in March, led by higher fuel and food prices, the Labor Department said Wednesday.
April 16, 2008ATA Chairman Kuntz Testifies at Senate Hearing
WASHINGTON — American Trucking Associations Chairman Ray Kuntz asked a Senate committee Wednesday to make fundamental changes to federal surface transportation programs in order to allow the trucking industry to move freight more efficiently.
April 16, 2008Analysts Predict Lower Profits for Trucking in First Quarter
Unfavorable economic trends and fuel prices will collaborate to propel trucking companies’ first-quarter earnings below year-ago levels and will lead to a shrinkage of the fleet in the truckload sector, industry analysts said.
April 14, 2008Feds Set to Meet With SoCal Port Officials on TWIC Enrollment
Federal officials and Port of Long Beach, Calif., executives were scheduled to meet privately this week to develop measures aimed at boosting local enrollment for the government’s Transportation Worker Identification program, the Long Beach Press-Telegram reported Tuesday.
April 16, 2008Lovetro to Become USF Holland’s President, YRC Says
YRC Worldwide unit USF Holland’s president, John O’Sullivan, has left his position and will be succeeded by Keith Lovetro, who leads YRC’s Regional Transportation unit, Bloomberg reported Wednesday.
April 16, 2008Opinion: 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, 2008