GM, American Axle Reach Tentative Contract
Several General Motors Corp. plants idled by an 11-week strike at supplier American Axle & Manufacturing Holdings are set to begin operations soon, following a tentative settlement to the work stoppage, the Wall Street Journal reported Monday.
May 19, 2008Gas Prices Soar 17¢ to $3.79 a Gallon
Gasoline prices soared 17 cents in the past two weeks to a national average of $3.79 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
May 19, 2008Pressure on Truckload Carrier Profits to Continue
Truckload carriers should expect to face intense pricing pressure this spring after a first-quarter performance characterized by stagnant rates and deteriorating operating ratios.
May 19, 2008UPS Places Large Order for Alternative-Fuel Trucks
UPS Inc. last week announced a major increase in its investment in alternative-fuel vehicles, saying it has ordered 200 diesel-electric hybrid delivery vans and 300 vans powered by compressed natural gas.
May 19, 2008Rendell Says He’s Close to Deal to Lease Pennsylvania Turnpike
With the fate of a proposal to toll Interstate 80 still up in the air, Pennsylvania Gov. Ed Rendell (D) said his administration was close to finishing a plan to privatize the 524-mile Pennsylvania Turnpike, last week taking bids from investors that could provide the state about $12 billion.
May 19, 2008Fuel Prices Skyrocket
Retail fuel prices around the nation soared last week, setting new records for diesel and gasoline, according to the Department of Energy’s weekly survey of filling stations.
May 19, 2008Crude Sets Record Near $128; DOE Suspends SPR Shipments
Oil prices reached a new record Friday near $128 a barrel and the Department of Energy said it would suspend shipments to nation’s Strategic Petroleum Reserve, the Associated Press reported.
May 16, 2008L.A. Port Votes to Ban Owner-Operators by 2013
Port of Los Angeles officials voted late Thursday to ban independent truck drivers from the port by the end of 2013, the Long Beach Press-Telegram reported Friday.
May 16, 2008Consumer Confidence Hits 28-Year Low
U.S. consumer confidence fell to a 28-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
May 16, 2008Housing Starts Jump 8.2% in April
New home construction rose 8.2% in April to a seasonally adjusted annual rate of 1.03 million units, the Commerce Department said Friday.
May 16, 2008