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Consumer Confidence Hits 28-Year Low

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

May 16, 2008

Housing Starts Jump 8.2% in April

New home construction rose 8.2% in April to a seasonally adjusted annual rate of 1.03 million units, the Commerce Department said Friday.

May 16, 2008

Quality Distribution Names Thomas White Chairman

Tank truck carrier Quality Distribution named Thomas White its new chairman, the company said late Thursday.

May 16, 2008

L.A. Port Votes to Ban Owner-Operators by 2013

Port of Los Angeles officials voted late Thursday to ban independent truck drivers from the port by the end of 2013, the Long Beach Press-Telegram reported Friday.

May 16, 2008

Crude Sets Record Near $128; DOE Suspends SPR Shipments

Oil prices reached a new record Friday near $128 a barrel and the Department of Energy said it would suspend shipments to nation’s Strategic Petroleum Reserve, the Associated Press reported.

May 16, 2008

Philadelphia Manufacturing Index Improves

Manufacturing levels in the Philadelphia region improved this month, but continued to show contraction, the Federal Reserve Bank of Philadelphia said Thursday.

May 15, 2008

ActionView to Buy Jim Palmer Trucking

ActionView International, which makes illuminated motion billboards, said it signed a letter of intent to buy Montana-based refrigerated carrier Jim Palmer Trucking.

May 15, 2008

U.S. Industrial Production Drops 0.7%

U.S. industrial production fell 0.7% in April, the Federal Reserve said Thursday.

May 15, 2008

Ontario-U.S. Truck Border Crossings Decline

Truck crossings from the Canadian province of Ontario into the United States have fallen 5.6% in 2008 compared with the same period last year, the Ontario Trucking Association said Thursday.

May 15, 2008

New York Manufacturing Index Declines

Manufacturing growth in New York state fell this month, the Federal Reserve Bank of New York said Thursday.

May 15, 2008