Hurricane Forecast Predicts Up to 9 Storms
This year’s Atlantic hurricane season may be more active than usual, with as many as nine storms, which could include five major hurricanes, Bloomberg reported Thursday.
May 22, 2008Intermodal Traffic Falls 1.1%
Rail intermodal traffic fell 1.1% for the week ended Saturday compared with the same week last year, the Association of American Railroads said.
May 22, 2008TTNews.com to Close for Memorial Day
Transport Topics Online will be closed Monday, May 25, for Memorial Day. Please check back on Tuesday, May 26, for the latest trucking and freight transportation news.
May 22, 2008Ford Plans North American Production Cuts
Ford Motor Co. said Thursday it will cut North American vehicle production for the rest of this year and that it expects to break even next year, delaying a previous profit target, Bloomberg reported.
May 22, 2008Oil Pulls Back After Topping $135 a Barrel
Crude oil fell from a record high of more than $135 a barrel Thursday, as a Congressional panel grilled oil executives for a second day in Washington, Bloomberg reported.
May 22, 2008Jobless Claims Fall 9,000 for Week
Initial jobless claims fell by 9,000 last week, the Labor Department said Thursday.
May 22, 2008ATA Urges Congressional Action on Drug, Alcohol Testing
American Trucking Associations Wednesday called on Congress to help the trucking industry to improve highway safety by supporting efforts to enhance drug and alcohol testing for the nation’s 3.4 million truck drivers.
May 21, 2008Fed Minutes Show ‘Close Call’ on April Rate Cut
Federal Reserve officials viewed the decision to cut the benchmark interest rate last month as a close call, according to minutes of the meeting released Wednesday.
May 21, 2008UPS Moving Asia Air Hub to China
UPS Inc. said Wednesday it is moving its primary intra-Asia air hub to southern China, from the Philippines, to save money and reduce transit times across Asia.
May 21, 2008Military Showing Interest in Alternate Fuels, Journal Says
The U.S. military, which is the country’s largest single consumer, is engaged in an aggressive plan of alternative fuels development and testing, the Wall Street Journal reported Wednesday.
May 21, 2008