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Light sweet crude oil closed above $50 for the first time on the New York Mercantile Exchange, Bloomberg News reported Friday.

Michigan Bill Would Allow 65-Foot Trucks • Hurricanes Blamed for Rise in Initial Jobless Claims • IMF: World Growth Strongest in Three Decades • New Intermodal Center Planned in North Dakota • And more...

The driver turnover rate at large truckload carriers hit 116% on an annualized basis in the second quarter of 2004, just three percentage points below the all-time high of 119%, as the competition for scarce drivers intensified, American Trucking Associations said.

Congress voted to extend the current hours-of-service rules for truck drivers for one year, as part of an extension to the six-year highway bill reauthorization, congressional aides told Transport Topics Thursday.

Acquisitions and expanding worldwide trade have raised the level of competition among European and North American logistics service providers, an annual ranking of logistics companies by Transport Topics has shown.

Price of Oil Falls After DOE Says Stockpiles Rose • Jeanne Brings More Flooding to Mid-Atlantic Region • Caterpillar Raises Outlook for 2004 • Norfolk Southern Names Moorman President • And more...

The U.S. economy grew at a 3.3% annual pace in the second quarter, which was slightly faster than it previously estimated, amid a quicker pace of inventory building, the Commerce Department reported Tuesday..

Annette Sandberg, head of the Federal Motor Carrier Safety Administration, said Tuesday that changing the federal hours-of-service rules for truck drivers would cause widespread disruptions across the trucking industry and significantly hamper the agency’s ability to coordinate enforcement efforts.

SAN DIEGO — Trucking executives told Federal Motor Carrier Safety Administration officials here that they wanted more accurate safety statistics about their companies and that the agency’s compliance reviews should be less intrusive.

Con-Way Transportation Services said it would encourage all its 13,000 drivers to participate in American Trucking Associations’ Highway Watch program, in what ATA said was the first corporate-wide effort by a national trucking company.