Oil Surges by a Record $16 to Close Over $120 a Barrel
Oil surged by a record $16.37 Monday, touching $130 a barrel before receding to close above $120, Bloomberg reported.
September 22, 2008Driver Turnover Plummets
Driver turnover rates in the second quarter reached the lowest level in at least eight years as opportunities to switch employers were reduced by carriers’ decisions to trim their fleets in a sluggish freight market.
September 22, 2008New Highway Bill to Top Agenda When ATA Meets in New Orleans
When members of American Trucking Associations gather next month in New Orleans, the main topic of discussion will be the 2009 federal highway bill, ATA President Bill Graves said.
September 22, 2008August Class 8 Truck Sales Rise 9.2%
Heavy-duty U.S. truck sales grew for a third straight month in Au-gust, but at a still anemic rate over a weak August 2007, according to the latest monthly survey by WardsAuto.com.
September 22, 2008Alternative Fuels Use to Rise After 2010 Change, Graves Says
If you think the Environmental Protection Agency’s 2010 engine requirements will be the ultimate technological test for fleets, American Trucking Associations President Bill Graves has a message for you: There’s more to come.
September 22, 2008DOT Sets New Border Projects
Drivers and freight shippers will experience fewer delays at U.S. border crossings in California, Texas and Washington state due to new congestion-relief projects that will include public-private partnerships, the Department of Transportation said Friday.
September 19, 2008Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic both declined for the week ended Saturday compared with a year ago, the Association of American Railroads said.
September 19, 2008Oil Jumps $6 to Close Week Over $104 a Barrel
Oil jumped more than $6 Friday to close the trading week at $104.55 a barrel on the New York Mercantile Exchange, Bloomberg reported.
September 19, 2008FedEx’s 1Q Profit Slips 22%; Express Unit to Boost Rate 4.9%
FedEx Corp. said Thursday its fiscal first-quarter profit slipped 22% from a year ago on higher fuel costs and declining demand for express shipments, and said its express unit will boost rates by a net 4.9% next year.
September 18, 2008YRC Worldwide Names Timothy Wicks CFO
YRC Worldwide Thursday named Timothy Wicks its Chief Financial Officer, effective Oct. 13.
September 18, 2008