Oil finished the trading week below $60 a barrel, marking its biggest single-week drop since January, Bloomberg reported.
July 10, 2009Search
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Analysts Upbeat on Economy Despite Job Losses in June
Trucking fleets continued to shed jobs for the 14th consecutive month in June as total U.S. unemployment rose, but experts said economic and freight indicators finally appear to be heading in the right direction.
July 13, 2009Truck Fatalities Fall 12%
Truck-related highway fatalities plummeted 12% in 2008 to 4,229, the lowest total since the federal government began keeping records, the National Highway Traffic Safety Administration said.
July 13, 2009Import Prices Rise 3.2% in June
The price of goods imported to the United States jumped 3.2% in June, marking the fourth straight monthly increase, the Labor Department said Friday.
July 10, 2009U.S. Trade Deficit Narrows in May
The U.S. trade deficit narrowed in May to the lowest level in almost a decade, the Commerce Department said Friday.
July 10, 2009Letters: Factor vs. Bank, Highway Reauthorization
In normal financial times, banks usually turn down 95% of all loan requests. During today’s difficult times, banks are just not making loans — especially to new clients. So, what should you do: Give up, or go the route that can keep your business prospering and even growing?
July 13, 2009Trucking’s Safety Emphasis Pays Off
At a time when good news in the trucking industry is hard to come by, the National Highway Traffic Safety Administration served up a generous helping of it last week when it said that truck-related highway fatalities plummeted 12% last year.
July 13, 2009Transport Topics 100: Freight Hauling Capacity Loss Seen Setting Stage for ‘Bull Market’ Recovery After Recession Ends
A steep and prolonged economic downturn forced many for-hire carriers to cut hauling capacity, but the stage may also be set for what one analyst called “the mother of all bull freight markets.â€
July 13, 2009YRC, Teamsters Reach Tentative Agreement
YRC Worldwide said Thursday it has reached a tentative agreement with the Teamsters union on cost-cutting measures.
July 9, 2009DOT Freight Index Falls 14.8% in May
The Department of Transportation said its freight transportation services index fell 14.8% in May from a year earlier to its lowest level in 12 years.
July 10, 2009