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Initial Jobless Claims Drop 2,000 for Week

First-time unemployment claims fell by 2,000 to 313,000 last week, the Labor Department reported Thursday.

July 6, 2006

Forward Air, DHL Set Three-Year Partnership

Forward Air Inc. said late Wednesday it has begun a three-year partnership with DHL Global Forwarding, under which Forward Air will be the primary provider of DHL Global Forwarding’s expedited ground transportation services.

July 6, 2006

DOT May Revoke Exemption on Some International Flights

The Department of Transportation has proposed to withdraw antitrust immunity from tariff-coordination meetings held by the International Air Transport Association that discuss and set passenger fares and cargo rates for U.S.-Europe and U.S.-Australia flights.

July 6, 2006

New Jersey Leaders Reach Agreement to End Shutdown

New Jersey political leaders agreed late Thursday to end a shutdown of the state's government following a five-day shutdown that halted road projects and closed everything from the Division of Motor Vehicles to Atlantic City's casinos, the Associated Press reported.

July 6, 2006

Oil Remains Near Record Over $75 Following DOE Inventory Report

Crude oil prices fell briefly to below $75 a barrel Thursday before rebounding to close at $75.14, just a nickel below Wednesday's all-time record closing price, Bloomberg reported.

July 6, 2006

Security & Safety Briefs — June 29 - July 5

Hazmat Bill Advances in House • Illinois Boosts Vehicle Inspections • Study: West Virginia’s Highways Need Work

July 5, 2006

Trucking Industry’s Freight Load for 2005 Reaches Record

The U.S. trucking industry increased its share of the nation’s freight pool, hauling more goods than ever in 2005, American Trucking Associations reported Wednesday.

July 5, 2006

Diesel Gains 3.1 Cents to $2.898; Gas Jumps 6.5 Cents to $2.934

The average national price of retail diesel fuel rose 3.1 cents from last week to $2.898 a gallon, while gasoline jumped 6.5 cents to $2.934, the Energy Department reported Monday.

July 5, 2006

Volvo, Mack Choose SCR for 2010 Engines

Corporate stablemates Volvo Trucks North America and Mack Trucks Inc. said last week they will use selective catalytic reduction to comply with the federal government’s 2010 diesel engine emission standards, becoming the second major truck and engine manufacturing group to commit itself to SCR technology.

July 5, 2006

UPS, Pilots Reach Tentative Contract Agreement

UPS Inc. and the Independent Pilots Association said they have reached a tentative agreement on a new labor contract.

July 5, 2006