Truckload Fleets Slash Driver Pay to Trim Expenses
About one-third of truckload fleets have cut driver pay over the past 12 months as carriers strive to trim expenses during the extended freight recession, a new survey has reported.
July 20, 2009J.B. Hunt’s Profit Drops 52% in 2nd Quarter
J.B. Hunt Transport Services Inc. said its second-quarter profit fell 52%, hurt by mounting pressure on prices and weak demand, as the latest round of quarterly financial reports by public carriers began to roll in last week.
July 20, 2009Diesel Drops 5.2¢ to $2.542
The average cost of retail diesel in the United States dropped 5.2 cents a gallon last week to $2.542, the third consecutive decline and a level nearly 50% below the record highs of a year ago.
July 20, 2009Standards Group Votes Against Pump Gauges for ‘Hot Fuel’
The National Conference on Weights and Measures has voted not to require temperature gauges to measure fuel output on retail pumps.
July 17, 2009Senate to Drop ‘Card-Check’ Provision, Times Reports
Democratic senators have decided to drop a provision that would have allowed workers to form a union if a majority of employees sign cards, the New York Times reported Friday.
July 17, 2009Intermodal, Rail Traffic Decline for Week
Intermodal rail traffic fell 23.7% last week compared with the same week last year, the Association of American Railroads said.
July 17, 2009Opinion: The Fatigue Checklist — Scant Science
Get a group of truckers together anywhere in this country, and Minnesota’s “Fatigued Driving Evaluation Checklist” is bound to come up. The 75-item list gained national prominence when the Owner-Operator Independent Drivers Association sued the Minnesota State Patrol in federal court in an attempt to stop its use.
July 17, 2009Oil Finishes Week Over $63 a Barrel
Oil rose more than $1 Friday and $4 for the week, topping $63 a barrel, Bloomberg reported.
July 17, 2009Senate Panel Passes 18-Month Highway Funding Extension
A Senate committee passed an 18-month extension to the federal highway-funding law, rejecting calls for a longer, more expensive plan, Bloomberg reported.
July 16, 2009Philadelphia Manufacturing Index Falls
Manufacturing levels in the Philadelphia region slowed this month, the Federal Reserve Bank of Philadelphia said Thursday.
July 16, 2009