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With Court's HOS Deadline Near, FMCSA Seen Preparing Response
As the deadline to replace the court-rejected hours-of-service rules for truck drivers drew nearer, various industry officials said they expected the government to ask the court to stay its decision so regulators would have time to develop another set of regulations.
August 20, 2004TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Price of Oil Tops $48 a Barrel on Thursday in New York
The price of crude oil futures in New York rose above $48 a barrel for the first time in its 21-year history..
August 19, 2004Index of Leading Economic Indicators Falls 0.3% in July
The Conference Board said Thursday its index of leading U.S. economic indicators fell 0.3% in July, the second straight monthly decline..
August 19, 2004July Truck Sales Climb 29.5% to Highest Level in 4 Years
U.S. retail sales of Class 8 trucks climbed 29.5% in July to their highest level in four years, as truck makers said both their highway and vocational markets remained strong despite the industry’s challenges of higher-priced fuel, finding enough drivers and dealing with a parts shortage..
August 19, 2004Driver Availability Problems Begin to Surface in LTL Sector
For the first time in the current economic cycle, less-than-truckload carriers said finding qualified drivers was a growing concern as the expanding economy lured employees to other jobs and as low pay and increased security measures deterred people from entering the industry.
August 19, 2004News Briefs - Aug. 19
Philly Fed Index Dips, but Stays Positive for 15th Month • Navistar's Earnings Rise in Fiscal 3Q • Jobless Claims Fall by 3,000 in Latest Week • Penske to Acquire Auto Rental Corp.
August 19, 2004News Briefs - Aug. 18
Airlines to Cut Flights at Chicago O'Hare • G.I. Trucking Says Business to Hawaii Growing • Trucker Remains Jailed in Immigrant Smuggling Case • Oregon Study Recommends Against Raising Some Speed Limits
August 18, 2004Crude Oil Hits $47.35 After DOE Says Stockpiles Decline
The price of crude oil rose to a record $47.35 a barrel on Wednesday morning in New York after the Department of Energy said U.S. supplies declined for a third straight week, Bloomberg reported.
August 18, 2004Trucks Crossing Border to Begin Filing Manifests in November
The Department of ºÚÁϳԹÏÍøland Security on Tuesday said that trucks carrying freight into the United States from Canada and Mexico would need to file electronic manifests with the government at least 30 minutes before arriving, the Associated Press reported.
August 18, 2004TSA Moves Into Final Testing Phase for Transportation Worker ID Card
The Transportation Security Administration announced it had hired consultant BearingPoint Inc. to begin the third and final test phase of its Transportation Worker Identification Card program.
August 18, 2004