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Industrial Production Rises 0.8% in April
The Federal Reserve said Friday industrial production in the United States rose 0.8% in April, and the proportion of industrial capacity in use rose to 76.9%, the highest since July 2001, from 76.5%.
May 14, 2004
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
For-Hire Carriers See Profits Climb Sharply
Truckload carriers that rushed to raise freight rates earlier this year because of new driver work rules generally posted sharply higher profits for the first quarter despite surging fuel prices, tightened industry capacity and a tight labor market.
May 14, 2004Inventories Rise to Record Level; Sales Post Largest Increase Ever
Inventories at U.S. businesses rose 0.7% in March to a record level, while business sales rose 2.9%, the largest increase ever, the Commerce Department reported Friday.
May 14, 2004Consumer Price Index Inches Up 0.2% in April
The Labor Department said Friday that prices paid by consumers rose 0.2% in April, the fifth straight monthly increase..
May 14, 2004Capacity Crunch Has Shippers Expanding In-House Fleets
ATLANTA — Rising costs and a shortage of freight hauling capacity are leading some shippers to expand their in-house trucking operations, according to industry officials and private fleet managers.
May 14, 2004News Briefs - May 14
Price of Crude Oil Rises to Another Record • Preliminary Consumer Sentiment Index Remains Steady • FMCSA to Publish Rule on Driver Training Requirements • Truckers Banned From Left Lane on Part of Florida's I-75 • And more...
May 14, 2004News Briefs - May 13
DOT Won't Review Astar Air Decision • Truck Ferry Proposed for Lake Ontario • Werner Enterprises Increases Dividend • Jobless Claims Rise By 13,000 in Latest Week • And more...
May 13, 2004Retail Sales Fall 0.5% in April
Retail sales declined in April for the first time in seven months, the Commerce Department reported Thursday.
May 13, 2004Producer Price Index Posts Biggest Gain in a Year
The Labor Department said Thursday producer prices rose 0.7% in April, reflecting higher costs for gasoline and food.
May 13, 2004Graves Calls for Trucker Unity
ATLANTA — The National Private Truck Council convention here last week heard American Trucking Associations President Bill Graves urge trucking companies to work within organizations and listened to the group’s general counsel outline opposition to a Michigan truck tax.
May 13, 2004