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ISM Factory Index Improves, But Still Shows Contraction

U.S. manufacturing levels improved in May but continued to show contraction, the Institute for Supply Management said Monday.

June 2, 2008

U.S. Xpress Completes Pinner Purchase

Truckload carrier U.S. Xpress Enterprises said its Xpress Global Systems subsidiary finalized its purchase of Pinner Transportation. Terms were not released.

June 2, 2008

UPS Freight Extends Guarantee to Canada

UPS Freight, which introduced its on-time performance guarantee in the United States in January, said Monday it has expanded the guarantee to shipments moving in both directions across the Canada-U.S. border.

June 2, 2008

Diesel Dips 1.6¢ to $4.707; Gas Gains 3.9¢ to Record $3.976

The average price of retail diesel fuel fell for the first time in a month, dipping 1.6 cents from an all-time record high to an average $4.707 a gallon, the Department of Energy said.

June 3, 2008

Bill Would Require Ships to Use Clean Fuel

Emissions from cargo ships would be reduced under legislation that passed the Senate Environment and Public Works Committee, the Associated Press reported.

May 30, 2008

Minnesota to Require 20% Biodiesel in 2015

Minnesota Gov. Tim Pawlenty (R) signed a bill that will require diesel sold in the state to contain 20% biodiesel content by 2015, the Associated Press reported.

May 30, 2008

Software Firms Seeing Greater Demand as Fleets Seek Savings, Efficiency Gains

Executives with several software firms said their businesses are awash with inquiries from carriers seeking to streamline operations as they struggle with record fuel prices and sluggish freight demand.

June 2, 2008

Consumer Sentiment Index Declines

U.S. consumer confidence fell to a 28-year low in May, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

May 30, 2008

Chicago Manufacturing Index Shows Contraction

Manufacturing activity in the Chicago region improved in May but showed contraction showed for a fourth straight month, the National Association of Purchasing Management said Friday.

May 30, 2008

Personal Spending, Incomes Gain in April

Consumer personal spending rose 0.2% in April, the Commerce Department said Friday.

May 30, 2008