The Department of Transportation’s freight transportation services index fell year-over-year in July by the most in 20 years, but showed an increase from June, DOT said Thursday.
September 10, 2009Search
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Diesel Average Dips 2.7¢
The average retail price of U.S. diesel dipped 2.7 cents to $2.647 a gallon, breaking a string of six small weekly increases that began in mid-July, the U.S. Department of Energy reported.
September 14, 2009‘Sporadic’ Used Truck Gains Encourage Class 8 Dealers
While sales of new Class 8 trucks continue to languish, several used truck dealers said they have noted recent “sporadic” increases in business that they believe could signal a market bottom. However, they added that financing problems were restricting sales.
September 14, 2009Initial Jobless Claims Decrease for Week
Initial jobless claims dropped by 26,000 last week, the Labor Department said Thursday.
September 10, 2009U.S. Trade Gap Widens in July
The U.S. trade deficit widened 16% in July, the most in more than a decade, the Commerce Department said Thursday.
September 10, 2009Navistar, Caterpillar Announce Global Truck Joint Venture
Navistar International Corp. and Caterpillar Inc. said Thursday they created a new joint-venture company to be called NC2 Global LLC that will serve the global commercial truck market.
September 10, 2009Intermodal Traffic Sees Slight Gain
Intermodal rail traffic in the United States increased 0.2% last week from the same week a year ago, the Association of American Railroads said in its weekly report.
September 11, 2009NTSB Bans Employee Cell Phone Use While Driving
The National Transportation Safety Board has instituted a policy banning texting and talking on cell phones by its employees while they are working, the Associated Press reported.
September 9, 2009Oil Holds Over $71 a Barrel
Oil held above $71 a barrel early Wednesday after jumping more than $3 on the eve of an OPEC meeting at which the cartel was expected to maintain existing output levels, Bloomberg reported
September 9, 2009New Penn Teamsters Approve YRC Contract
YRC Worldwide said its Teamsters union employees at regional carrier New Penn Motor Express have voted to ratify a modified labor agreement that sets a 5% pay reduction and other cost cuts.
September 10, 2009