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Editorial: Fuel Prices Weigh Heavily on Trucking
Click here to write a Letter to the Editor. he seemingly endless rise of fuel prices is beginning to take a serious toll on the nation’s economy and the outlook for the trucking industry.
July 1, 2005Nafta Surface Trade Rose 9.6% in April, DOT Reports
Click here to write a Letter to the Editor. urface trade among the U.S., Canada and Mexico rose 9.6% in April to $58.3 billion from the April 2004, the Department of Transportation reported.
July 1, 2005C.R. England Buys California 3PL Company
Refrigerated truckload carrier C.R. England said it has purchased third-party logistics company Carson Transport for an undisclosed sum.
June 30, 2005Chicago Manufacturing Activity Declines in June
Click here to write a Letter to the Editor. anufacturing activity in the Chicago area decreased in June, the National Association of Purchasing Management-Chicago said Thursday.
June 30, 2005May Personal Spending Remains Steady; Incomes Rise 0.2%
Personal spending remained steady in May, after rising in each of the previous three months, the Commerce Department said Thursday.
June 30, 2005Jobless Claims Fall to Lowest Level in Two Months
The number of U.S. workers filing for initial unemployment benefits fell 6,000 to 310,000 for the week ended June 25, the Labor Department reported Thursday.
June 30, 2005Wilson Logistics Group Changes Name Within TNT
Wilson Logistics Group, which was acquired by TNT Logistics North America in August, changed its name to TNT Freight Management, TNT said Thursday.
June 30, 2005U.S. Reportedly Preparing Racketeering Suit Against Ports' Union
The U.S. government is preparing a civil racketeering lawsuit against the International Longshoremen’s Association union, the New York Times reported Thursday.
June 30, 2005Fed Raises Interest Rates a Quarter-Point to 3.25%
The Federal Reserve Thursday unanimously raised the benchmark U.S. interest rate a quarter-point to 3.25%, the highest since October 2001, and again said it could carry out additional increases at a “measured” pace.
June 30, 2005Overnite’s Stockholders to Vote Aug. 4 on Acquisition by UPS
Less-than-truckload carrier Overnite Corp.’s board of directors said late Tuesday that the company’s shareholders will vote Aug. 4 on Overnite’s pending acquisition by UPS Inc.
June 29, 2005