Oil Closes Week Over $46
Oil fell 78 cents Friday to close the week at $46.25 a barrel on the New York Mercantile Exchange, about $6 higher than the start of the month, Bloomberg reported.
March 13, 2009ATA Files to Intervene on Hours-of-Service Rule
American Trucking Associations has filed a motion to intervene in the third legal challenge by the Teamsters union and three other groups to federal truck driver hours-of-service rules.
March 13, 2009Trimac’s 4Q Profit Improves
Canada-based transportation firm Trimac Income Fund said its fourth-quarter profit rose to C$3 million, or 11 cents per unit, from C$2.2 million, or 9 cents, a year ago.
March 13, 2009Opinion: Defending Spanish-Speaking Truckers
Hispanics have responded to the need of U.S. carriers for longhaul truck drivers. The Bureau of Labor Statistics has reported that in 2007, 23% of the estimated 1.6 million tractor-trailer drivers in the United States were Hispanic.
March 13, 2009Consumer Confidence Index Rises
U.S. consumer confidence rose slightly this month, but still remains near a 28-year low, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index released Friday.
March 13, 2009Import Prices Drop 0.2%
The price of goods imported to the United States fell for a seventh straight month in February on lower commodity costs, declining 1.1%, the Labor Department said Friday.
March 13, 2009Obama, DOT May Revive Mexican Trucks Program
A day after a large government spending bill passed that included provision to end the U.S.-Mexican cross-border trucking program, the Obama administration has asked the Transportation Department to look into reviving it.
March 12, 2009Business Inventories Fall 1.1% in January
Business inventories fell 1.1% in January, the fifth straight decline, the Commerce Department said Thursday.
March 12, 2009Consumer Confidence Index Declines
U.S. consumer confidence declined this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
March 12, 2009Retail Sales Decline Less Than Forecast
Retail sales fell 0.1% in February the Commerce Department said Thursday.
March 12, 2009