Oil hit a new record Thursday, topping $140 a barrel for the first time as the U.S. dollar declined and OPEC officials warned of higher prices, the Associated Press reported.
June 26, 2008Search
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Many Trucking Shares Gain During 2008 Despite Ongoing Industry Woes
Despite trucking’s struggles to overcome record fuel prices, weak demand and overcapacity, many carriers’ stocks have gained thus far in 2008.
June 30, 2008EGR Proponents to Use Credits to Meet 2010 Engine Standards
The two major engine makers that will employ exhaust gas recirculation technology to meet the tightened federal emissions rules that go into effect in 2010 will use credits they have earned from the Environmental Protection Agency to hit the new mark.
June 30, 2008UPS Lowers Earnings Estimate, Sending Stock to Five-Year Low
UPS Inc. lowered guidance on its second-quarter earnings by about 15%, less than one week after FedEx Corp. posted its first quarterly loss since 1997, demonstrating that even the two largest corporations in North American freight transportation, with the most far-reaching global footprints, are ultimately not immune to the continuing struggles of the all-but-stagnant U.S economy.
June 30, 2008First-Quarter GDP Revised Upward to 1%
The U.S. economy grew at a 1% annual rate in the first quarter, higher than a previous report, the Commerce Department said Thursday.
June 26, 2008New ºÚÁϳԹÏÍø Sales Drop 2.5%
New home sales fell 2.5% in May, the Commerce Department said Wednesday.
June 25, 2008Customs Not Likely to Meet Deadline for Screening All U.S.-Bound Containers
The federal agency charged with preventing weapons of mass destruction from entering the United States likely cannot meet a 2012 deadline imposed by Congress and requiring that all U.S.-bound cargo containers be scanned by imaging and radiation equipment before leaving foreign ports.
June 24, 2008Durable Goods Orders Unchanged in May
Durable goods orders were unchanged in May, the Commerce Department said Wednesday.
June 25, 2008ATA Calls for Reliable Oil Supply
An American Trucking Associations official urged Congress and the Bush administration to implement a comprehensive plan to increase domestic oil supplies and ensure an affordable supply of oil for the nation’s 3.5 million truck drivers.
June 25, 2008Oil Jumps Past $137 a Barrel
Crude oil prices jumped $3 Thursday to more than $137 a barrel on concerns that Libya may cut production and that European interest rates could push prices higher, Bloomberg reported.
June 26, 2008