U.S. payrolls fell by 80,000 last month in a third straight downturn, and the unemployment rate rose to 5.1% from 4.8%, the Labor Department said Friday.
April 4, 2008Search
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Delphi’s Bankruptcy-Exit Plan May Cost GM More
General Motors Corp. may have to pay more to help parts supplier Delphi Corp. exit from bankruptcy after a private equity deal to inject $2.5 billion into Delphi fell through, the Associated Press reported Friday.
April 4, 2008Crude Closes Week Above $106
Crude oil rose more than $2 Friday to close above $106 a barrel for the first time in more than a week, Bloomberg reported.
April 4, 2008Suppliers Cite Diversification as Key to Surviving Downturn
LOUISVILLE, Ky. — While many of trucking’s most important suppliers had lackluster sales last year and said they expected more of the same through most of 2008, a few said they were able to weather the double-whammy of 2007’s pre-buy hangover and freight drop-off with revenue from investments in foreign markets less affected by the troubles in North America.
April 7, 2008Some Analysts See Recovery as ATA Freight Index Gains
The February increase in truck tonnage that American Trucking Associations reported late last month — the fourth straight rise — may signal better times ahead for truckers and the U.S. economy, several industry analysts and observers said.
April 7, 2008Originally Promoted to Cut Truck Idling Emissions, APUs Now Embraced by Fleets to Save on Fuel
Auxiliary power units, initially pushed by federal and state governments to reduce air pollution despite concerns by fleet owners and owner-operators over their initial cost, are attracting more buyers who purchase them for the fuel savings, now that average diesel prices are about $4 a gallon.
April 7, 2008Diesel Dips 2.5¢ to $3.964
The national average retail diesel price dipped 2.5 cents a gallon last week after six straight increases, the Department of Energy reported, even as gasoline rose 3.1 cents to set a new record high.
April 7, 2008Truckers Continue Protests Over High Diesel Prices
Spot protests by truckers over high diesel fuel prices continued in several states Friday, news services reported.
April 4, 2008Intermodal Traffic Drops 2.7% for Week
Rail intermodal traffic fell 2.7% for the week ended Saturday compared with a year ago, the Association of American Railroads said Thursday.
April 3, 2008ISM Services Index Improves, but Shows Contraction
The U.S. economy’s service showed continued contraction in March, but improved from February, the Institute for Supply Management said Thursday.
April 3, 2008