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News Briefs - June 16
J.B. Hunt's 2Q Earnings Rise • Werner Earns 27 a Share Cents in 2Q • OPEC Cancels Meeting; Will Increase Quotas Again • Profits Nearly Double at U.S. Xpress • And more...
July 16, 2004TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Industrial Output Falls 0.3%
Industrial production fell 0.3% in June, the Federal Reserve said Thursday, the first decline since March.
July 15, 2004Producer Prices Fall 0.3% in June
The Labor Department said Thursday that producer prices fell 0.3% in June, the biggest drop in a year, reflecting declines in energy and food costs..
July 15, 2004Letter to the Editor: Read the Contract
Click here to write a Letter to the Editor. egarding the chassis bill before Congress and the story "Intermodal Group Adopts Plan for Voluntary Chassis Checks": You must first take a look at the interchange agreements that trucking companies must currently sign in order to use the ocean carriers’ equipment. They are biased totally in favor of the ocean carriers.
July 15, 2004Loan Market Improves for Trucking, Bank Industry Officials Tell Execs
DALLAS — Economists and lending officials told trucking executives here that in a solidly growing economy it would be easier for trucking companies to borrow capital, as lenders accepted more risk and as more financial institutions returned to the market.
July 15, 2004News Briefs - July 15
Landstar's 2Q Earnings Rise to Record • Old Dominion's Profits Top Its Guidance • N.Y. Fed's Factory Index Rises in July • Business Inventories Rise 0.4% in May • And more...
July 15, 2004Philadelphia Fed Index Rises to 36.1 in July
Manufacturing in the Philadelphia region expanded at a faster pace in July than the month before on higher orders, the Federal Reserve Bank of Philadelphia said Thursday..
July 15, 2004Retail Sales Decline 1.1% in June
Retail sales in the United States fell 1.1% in June, the biggest drop since February 2003, the Commerce Department said Wednesday..
July 14, 2004Opinion: Reducing Shipper Transport Costs
Click here to write a Letter to the Editor. educing transportation costs is a never-ending task for shippers, whether they move goods by truck, rail, air or sea. An essential, though often neglected, companion to that statement is the phrase “without compromise in service..
July 14, 2004S&P Reports Fuel Surcharges Boost Shipper Costs 7% to 14%
The Standard & Poor’s credit-rating agency said that fuel surcharges by trucking companies that it reviews have added an average of 14% to freight bills for truckload shipments and 7% for less-than-truckload hauls.
July 14, 2004