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News Briefs - Sept. 17

ATA’s MC&E to Touch Off Celebrations • Old Dominion Starts Air Freight Service • Tyson Foods Buys New Volvo Rigs • IPA, UPS to Begin Contract Negotiations Early • And more...

September 17, 2002

TL Leaders Optimistic Despite Engine Worries

Executives from three of the nation’s largest truckload carriers told a gathering of Wall Street investors here that even though the Oct. 1 engines with mandatory anti-pollution devices were an irritation for their operations, they thought their companies were poised for strong growth in revenue and profits.

September 16, 2002

Senate Panel Pushes for Fuel Card Inquiry

The Senate Appropriations Committee is pushing the Federal Trade Commission to open an anti-trust investigation into trucking fuel cards, spurred by truck stop operators who say concentration in the business hurts their members.

September 16, 2002

June Business Inventories Rise 0.4%; Sales Up 1.2%

Led by increased stockpiles of cars and trucks, U.S. business inventories rose in July for a third straight month, while sales rose by the largest amount since April, the Commerce Department said Monday.

September 16, 2002

News Briefs - Sept. 16

O'Neill Sees 3.5% Growth Ahead • OPEC Seen Maintaining Quota Level • Gasoline Price Steady at $1.45, Lundberg Says • Forward's 3Q Earnings Seen Short of Analysts' Expectations •.

September 16, 2002

Diesel Fuel Price of $1.414 Marks Highest Level in 51 Weeks

The national average price of diesel rose 1.8 cents a gallon last week to $1.414, its highest point in almost a year, the Department of Energy reported Monday.

September 16, 2002

Technology Briefs - Sept. 10 - Sept. 16

Cyberattack Defense Plan Expected • N.J. Gov. Wants to Ban Handheld Cell Phones While Driving • UPS' SonicAir Offers Tracking Options • E-911 Still Experiencing Trouble, Report Says • And more...

September 15, 2002

Shippers Scramble to Move Freight CF Left Behind

Freight customers were still scrambling last week to locate their shipments in Consolidated Freightway's system after the abrupt closing of the less-than-truckload carrier Sept. 2.

September 13, 2002

Retail Sales Rise in August; PPI Unchanged

U.S. retail sales rose 0.8% during the month of August, spurred on by sales of automobiles, furniture and construction material, while the producer price index remained unchanged, government departments reported Friday.

September 13, 2002