Editorial: Still Missing a National Fuel Policy
The fuel price spiral has resumed, sending diesel and crude oil costs to never-before-seen levels, even as the economy stumbles along and fleets grapple with declining freight levels in 10 of the past 12 months.
November 9, 2007Fed Chief Warns on 4Q Slowdown
Federal Reserve Chairman Ben Bernanke said the U.S. economy is likely to “slow noticeably” this quarter while high commodity prices and a weaker dollar may stoke inflation “for a time,” Bloomberg News reported Thursday.
November 8, 2007DHL's 3Q Profits Fall 35%
Deutsche Post AG, parent of DHL Americas, said its third-quarter profit fell 35% as declining U.S. shipping volumes cramped earnings at its DHL Express unit, Bloomberg News reported.
November 8, 2007Jobless Claims Fall 13,000 for Week
Initial jobless claims fell by 13,000 last week to 317,000, the Labor Department said Thursday.
November 8, 2007Express-1 Reports Lower 3Q Earnings
Express-1 Expedited Solutions said Thursday it earned $499,000 or 2 cents a share in the third quarter, down from with $905,000 or 3 cents last year.
November 8, 2007Quality’s 3Q Income Drops
Tank truck carrier Quality Distribution said its third-quarter net income plunged to $1.4 million or 7 cents a share, from $38 million or $1.94 a year ago.
November 8, 2007Bill Davis Trucking Files Bankruptcy
Bill Davis Trucking, a truckload carrier based in Batesville, Ark., filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Act late last month.
November 8, 2007Wholesale Inventories Rise 0.8%; Sales Jump 1.3%
Wholesale inventories rose 0.8% in September, the Commerce Department said Wednesday.
November 7, 2007House Panel Approves $2 Bln. to Toughen Bridge Inspection Standards
WASHINGTON — The House Transportation and Infrastructure Committee last week approved a $2 billion plan to toughen bridge inspection standards and limit states’ ability to spend federal bridge funds on other projects.
November 7, 2007Mullen’s Third-Quarter Income Gains
Canadian transportation firm Mullen Group Income Fund’s third-quarter profit rose to C$38 million or 45 cents a share, from C$32.1 million or 45 cents a year earlier.
November 7, 2007