Crude oil reached a record Friday, jumping $5 to top $147 a barrel for the first time, before retreating to finish the trading week at just over $145, the Associated Press reported.
July 11, 2008Search
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Jim Palmer Trucking Filing for Bankruptcy
Missoula, Mont.-based Jim Palmer Trucking plans to file for Chapter 11 bankruptcy protection, following similar filings by two of its subsidiaries, the Associated Press reported Friday
July 11, 2008Diesel Increases to $4.727 a Gallon
The average retail price of diesel jumped 8.2 cents to $4.727 a gallon last week, more than wiping out the entire 7.8-cent drop in the price of trucking’s main fuel over the previous five weeks, the Department of Energy reported July 7.
July 14, 2008Industry Urges Bigger Trucks, But Key Lawmaker Has Doubts
WASHINGTON — Representatives of trucking and shippers urged Congress to increase truck size and weight limits, but the chairman of the House transportation committee said he opposed longer combination vehicles and had doubts about raising weight limits.
July 14, 2008Insurance Premiums Fall 10% to 50% as New Firms Enter Market
A wave of new insurance companies vying for business from the trucking industry has created an unusual — and welcome — situation: Rates are dropping.
July 14, 2008Used Trailer Prices Plummet as Fleets Delay Replacements
Thousands of used trailers are sitting unsold and gathering dust, as freight demand remains tepid and carriers that would typically up-grade their fleets are postponing purchases, spending their money on fuel instead, according to industry experts.
July 14, 2008DOT Gives Wisconsin $1 Million to Repair Flood-Damaged Roads
The Department of Transportation said Friday it is making $1 million available immediately to Wisconsin to help pay for urgent repairs to roads and bridges damaged by recent floods.
July 11, 2008Rail, Intermodal Traffic Gain for Week
Rail and intermodal traffic improved last week compared with a year ago, the Association of American Railroads said Thursday.
July 10, 2008Jobless Claims Fall 58,000 for Week
Initial jobless claims fell by 58,000 last week, the Labor Department said Thursday.
July 10, 2008Freight Transportation Index Rises in May
The Department of Transportation’s freight transportation services index for May rose 2.1% from a year ago, and showed a month-to-month gain, DOT said Wednesday.
July 9, 2008