Oil Ends Week Over $76, Led by Higher Diesel Demand
Oil finished the trading day Friday over $76 a barrel, gaining about $4 in the past week led by high diesel demand, Bloomberg reported.
July 9, 2010Cummins to Invest $100 Million in Indiana Engine Plant
Cummins Inc. said Friday it plans to invest about $100 million to expand its high-horsepower engine plant in Seymour, Ind., to add more lines of clean-diesel and natural gas engines in the future.
July 9, 2010FMCSA Sends HOS Proposal to DOT for Review
The Federal Motor Carrier Safety Administration sent its new hours-of-service proposal to Transportation Secretary Ray LaHood’s office for review in late June, according to a Department of Transportation report issued early this month.
July 9, 2010Wholesale Inventories Rise in May
Wholesale inventories rose 0.5% in May, while sales fell, the Commerce Department said Friday.
July 9, 2010Clerks Strike at Ports of L.A., Long Beach
Officials with the Port of Los Angeles and Long Beach said shipping terminals were open and operating this week during negotiations between terminal operators and a striking shipping clerks union.
July 9, 2010Intermodal Traffic Jumps 36.6% for Week
Intermodal rail traffic jumped 36.6% last week compared with a year ago, the Association of American Railroads said.
July 9, 2010Great Dane President Phill Pines to Retire at End of Year
Great Dane Trailers president and chief operating officer Phill Pines will retire at the end of this year after more than 50 years in the trailer industry, the company said Thursday.
July 8, 2010Maersk Raises Forecast as Container Demand Picks Up
A.P. Moeller-Maersk raised its profit forecast, saying its container line, the world’s largest, recovered faster than anticipated as freight prices have returned to levels before the global financial crisis, Bloomberg reported.
July 8, 2010New Jobless Claims Fall 21,000 for Week
Initial jobless claims fell by 21,000 last week, the Labor Department said Thursday.
July 8, 2010Opinion: How to Save on Workers’ Compensation
With the trucking industry slowly emerging from hard times at last, it ought to be unalloyed good news that motor carriers are reporting fewer workers’ compensation claims than before. Unfortunately, it is also true that both the average cost per claim and injury rate are higher for trucking than other industries.
July 8, 2010