Oil Rises as Hurricane Ike Moves Toward Gulf of Mexico
Oil rose by nearly $3 to more than $109 a barrel early Monday on concerns that Hurricane Ike could reach the Gulf of Mexico later this week, Bloomberg reported.
September 8, 2008Trailer Sales Nosedive in ’08; Fleets ‘Just Aren’t Buying’
Trailer makers say they are suffering through one of the largest downturns in their history — “the longest down-cycle” ever, said one executive — forcing layoffs, production cuts and a search for new products.
September 8, 2008Trucking Sees Things to Like In Both White House Hopefuls
As the two primary U.S. political parties concluded their presidential nominating conventions and formally began the fall campaign, trucking executives said each candidate offered pluses and minuses for the industry.
September 8, 2008Medium-Duty Truck Review: Green Is Clearly the Designer Color for 2009 Models
The color for 2009 medium- and light-duty trucks is green, as in environmentally friendly. There are no major changes to designs for the 2009 model year; like heavy-duty trucks, the next major changes will occur with the 2010 model year as manufacturers adapt to the next round of diesel emission standards.
September 8, 2008Diesel Dips 2.4¢ to $4.121
The average price of retail diesel in the United States dipped 2.4 cents a gallon last week to $4.121, the seventh straight decline, even as Hurricane Gustav reached the Gulf Coast, the Department of Energy reported.
September 8, 2008Highway Trust Fund Needs $8 Billion Bailout, DOT Says
The Highway Trust Fund needs an $8 billion transfusion from the U.S. Treasury’s general fund in order to avoid an imminent deficit, Transportation Secretary Mary Peters said Friday during a conference call.
September 5, 2008Louisiana, Mississippi Get $4 Million for Emergency Repairs
The federal government will provide $4 million in emergency relief funds to Louisiana and Mississippi to help repair roads and bridges damaged by floods caused by Hurricane Gustav, U.S. Transportation Secretary Mary Peters said Friday.
September 5, 2008Rail, Intermodal Traffic Decline
Rail and intermodal traffic both declined for the week ended Saturday compared with a year ago, the Association of American Railroads said.
September 5, 2008Consumer Confidence Jumps on Lower Fuel Prices
U.S. consumer confidence this month rose by the most in four years in September, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.
September 5, 2008August Unemployment Hits Five-Year High
U.S. payrolls plummeted in August as the unemployment rate soared to 6.1%, tying a 2003 record, the Labor Department said Friday.
September 5, 2008