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Intermodal Containers Set All-Time Weekly Record

With the peak shipping season in full force, intermodal container traffic for the week ended Aug. 20 was the highest week ever on record, the Association of American Railroads said.

August 26, 2005

Jobless Claims Fall 4,000 in Latest Week

The number of U.S. workers filing for initial unemployment benefits fell by 4,000 to 315,000 for the week ended Aug. 20, the Labor Department reported Thursday.

August 25, 2005

Hawaii to Cap Wholesale Gasoline Prices

Click here to write a Letter to the Editor. awaii became the first state since the 1970s to authorize caps on wholesale gasoline prices, the Associated Press reported Thursday.

August 25, 2005

Court Approves Allied’s Bankruptcy Financing Plan

Auto transporter Allied Holdings, won court approval to borrow as much as $230 million to pay expenses while it reorganizes in bankruptcy, Bloomberg reported late Wednesday.

August 25, 2005

Cargo Connection, Scanwell Form Logistics Partnership

Cargo Connection Logistics Holding said Thursday that its subsidiary had entered into a non-exclusive partnership with Scanwell Logistics to provide warehouse services, transportation services and information systems and support.

August 25, 2005

Crude Oil Hits $68; Sets New Closing Price Record

Click here to write a Letter to the Editor. rude oil prices hit $68 for the first time in overnight trading on the New York Mercantile Exchange, though prices fell early Thursday following predictions that Tropical Storm Katrina may miss most Gulf of Mexico oil platforms, Bloomberg reported.

August 25, 2005

SCS Names New Chief Executive Officer at Jevic Unit

Holding company SCS Transportation said Thursday it had promoted David Gorman to chief executive officer at its Jevic Transportation subsidiary.

August 25, 2005

Katrina Becomes a Hurricane; Moves Into Florida

Hurricane Katrina blew ashore onto Florida's southeastern coast late Thursday afternoon, shortly after being upgraded by meteorologists from a tropical storm, news services reported.

August 25, 2005

Highway Act Grants FMCSA $2 Bln. for Truck Safety Programs

The $286.4 billion highway act signed by President Bush earlier this month included more than $2 billion for the Federal Motor Carrier Safety Administration to fund a variety of truck safety programs.

August 24, 2005

Pressure Checks Are Best Preventive Measure for Tires

Click here to write a Letter to the Editor. s simple as it sounds, routine and frequent tire pressure checks can help minimize breakdowns and reduce tire operating costs for truck fleet operators, according to tire makers.

August 24, 2005