Diesel Price Decline Pauses
The average price of retail diesel fuel rose 0.1 cent last week to $3.959, following 10 straight weeks of declines, according to the De-partment of Energy.
October 6, 2008YRC to Pay Down $325 Million in Notes from Credit Line
Less-than-truckload carrier YRC Worldwide said Friday it has drawn $325 million from its revolving credit facility to redeem notes due Dec. 1 and May 1.
October 3, 2008ISM Services Index Declines in September
The U.S. economy’s service sector declined but showed expanded in September, the Institute for Supply Management said Friday.
October 3, 2008Payrolls Fall in September; Unemployment Rate Holds at 6.1%
U.S. payrolls fell by 159,000 in September and the unemployment rate held at 6.1%, the Labor Department said Friday.
October 3, 2008U.S. Auto Sales Plunge in September
Automakers saw their U.S. sales plunge in September as credit tightened and the economy remained sluggish, Bloomberg reported.
October 2, 2008Jobless Claims Reach Seven-Year High
Initial jobless claims rose to the highest level in seven years last week and the total number of people collecting benefits was the highest number in five years, the Labor Department said Thursday.
October 2, 2008Letters to the Editor: Packaging, N.J. Turnpike, Relief Disaster, Seat-Belt Cameras, Trucking’s Cost
In this country and this economy, I, too, believe there’s a lot of unused space moving up and down our highways, creating inefficiencies.
October 2, 2008Con-way Lowers ’08 Earnings Outlook
Con-way Inc. Wednesday lowered its 2008 earnings forecast to a range of $2.60 to $2.80 a share, citing a downturn in freight demand from a lagging U.S. economy.
October 1, 2008Port Trucking Rules Take Effect in L.A., Long Beach
Authorities at the ports of Los Angeles and Long Beach, Calif., are beginning enforcement Wednesday of new regulations banning pre-1989 model trucks from operating at the ports, the Long Beach Press-Telegram reported.
October 1, 2008GAO Says Half of Workers Have Not Applied for TWIC
Nearly a year into the application process, more than half of the estimated 1.2 million U.S. transportation workers have not applied for their Transportation Worker Identification Credential that, beginning April 15, 2009, will be required to gain entrance to all the nation’s ports and other transportation facilities.
October 1, 2008