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DOE Lowers Forecast for Fuel Prices

The prices of oil, gasoline, heating oil and diesel all will average lower next year than earlier forecast, as global demand slows with the slowing world economy, the Energy Department said Tuesday.

October 7, 2008

Ryder to Acquire Canadian Firms with Chinese Operations

Ryder System said it will acquire Transpacific Container Terminal Ltd. and CRSA Logistics Ltd., as well as CRSA’s operations in Hong Kong and Shanghai, China.

October 6, 2008

Accellos Acquires Prophesy Software

Accellos Inc., Colorado Springs, Colo., a provider of warehousing and logistics management software, said it acquired Prophesy Transportation Software of Bloomfield, Conn., for an undisclosed amount.

October 6, 2008

ISM Services Index Declines in September

The U.S. economy’s service sector declined but showed expanded in September, the Institute for Supply Management said Friday.

October 3, 2008

U.S. Auto Sales Plunge in September

Automakers saw their U.S. sales plunge in September as credit tightened and the economy remained sluggish, Bloomberg reported.

October 2, 2008

Diesel Price Decline Pauses

The average price of retail diesel fuel rose 0.1 cent last week to $3.959, following 10 straight weeks of declines, according to the De-partment of Energy.

October 6, 2008

Investors Drop Pa. Turnpike Bid, Citing Opposition, Market Woes

The investment group that sought to lease the Pennsylvania Turnpike has withdrawn its bid, citing political opposition and uncertain financial markets, and leaving the state without a solution to its infrastructure funding problems.

October 6, 2008

Ports ‘Soft Launch’ Truck Plan with O-O Ban Still Unsettled

The California ports of Los Angeles and Long Beach formally launched their clean-trucks programs last week without any apparent major glitches, although activity at some terminals was initially reported to be lighter than usual, with fewer trucks showing up at the gates.

October 6, 2008

Trucking Industry Gathers in Crescent City as Global Financial Crisis Deepens

Trucking industry leaders gathering in New Orleans this week at American Trucking Associations’ annual Management Conference & Exhibition will hear from experts on topics including the current financial turmoil, the upcoming elections, and preparations for next year’s highway bill and the 2010 engine emissions rules.

October 6, 2008

August Factory Orders Plunge 4%

Factory orders fell 4% in August, the most in almost two years, the Commerce Department said Thursday.

October 2, 2008