Nine of the Federal Reserve’s 12 districts reported that economic conditions weakened from late February through early April, and the Fed said record high fuel costs were hurting trucking companies who were struggling to pass on the soaring costs to customers.
April 16, 2008Search
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Feds Set to Meet With SoCal Port Officials on TWIC Enrollment
Federal officials and Port of Long Beach, Calif., executives were scheduled to meet privately this week to develop measures aimed at boosting local enrollment for the government’s Transportation Worker Identification program, the Long Beach Press-Telegram reported Tuesday.
April 16, 2008Lovetro to Become USF Holland’s President, YRC Says
YRC Worldwide unit USF Holland’s president, John O’Sullivan, has left his position and will be succeeded by Keith Lovetro, who leads YRC’s Regional Transportation unit, Bloomberg reported Wednesday.
April 16, 2008Opinion: Preparing for DOT’s Driver Physical
For most truckers, the U.S. Department of Transportation physical is just an inconvenience, but for some, it can be a major hurdle. Commercial drivers are understandably concerned, because without the Medical Examiner’s Certificate, they would be out of a job.
April 16, 2008New York State Manufacturing Index Improves
Manufacturing growth in New York state improved this month, the Federal Reserve Bank of New York said Tuesday.
April 15, 2008Producer Price Index Jumps 1.1%
Prices paid to U.S. producers jumped 1.1% in March, reflecting higher fuel and food costs, the Labor Department said Tuesday.
April 15, 2008Quality Distribution Cuts 60 Jobs
Tank truck carrier Quality Distribution said it has eliminated about 60 positions —17% of its workforce — primarily at its Tampa, Fla., headquarters.
April 15, 2008Larger Trucks More Efficient, Reduce Emissions, Study Says
The use of heavier trucks can be an effective way for the industry to reduce fuel consumption and emissions, a new study by the American Transportation Research Institute said.
April 15, 2008ATA, Army Reserve Launch Military-Civilian Partnership for Drivers
American Trucking Associations and the U.S. Army Reserve signed a recruiting partnership agreement they said will provide experienced truck drivers for the military and give career opportunities to truck drivers leaving the military.
April 15, 2008Oil Closes at New Record Over $113 a Barrel
Oil prices jumped almost $2 Tuesday from Monday’s record, closing at a new all-time high of $113.79 a barrel, Bloomberg reported.
April 15, 2008