Diesel Slips to $3.955; Gas at Record
U.S. diesel prices remained at historically high levels last week, even though the official retail average dropped 0.9 cent to $3.955 a gallon, leading several trucking executives to express concern over the future of independent drivers and small fleets, and others to push for government action.
April 14, 2008California Bonds Will Help Boost Freight Movement
A $3 billion slate of highway, rail and seaport improvements approved for funding by the California Transportation Commission includes $825 million for 14 projects in Northern California, the San Francisco-area Metropolitan Transportation Commission said.
April 11, 2008Oil Closes Week Above $110
Crude oil futures closed the trading week at more than $110 a barrel, despite an International Energy Agency report issued Friday that showed declining world demand, Bloomberg reported.
April 11, 2008Consumer Confidence Falls to 26-Year Low
U.S. consumer confidence fell to a 26-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
April 11, 2008GE Posts Lower 1Q Profit, Cuts Outlook
General Electric Co. reported a lower-than-expected first-quarter profit on Friday and lowered its outlook for the full year, the Associated Press reported.
April 11, 2008Import Prices Jump 2.8% in March
The price of goods imported to the United States jumped 2.8% in March, the Labor Department said Friday.
April 11, 2008U.S. Exporters Facing Container Shortages
Many U.S. companies seeking to export their goods are facing shortages of containers to ship them, the Wall Street Journal reported Thursday.
April 10, 2008High-Tech N.J. Weigh Station Is Having Problems
Problems are plaguing New Jersey’s most high-tech weigh station for trucks, the Associated Press reported.
April 10, 2008Navistar Renames Corporate Units
Navistar International Corp. said it has renamed most of its subsidiaries in order to “bring clarity” to its growing number of brands.
April 10, 2008Intermodal Traffic Declines 1.1% for Week
Rail intermodal traffic fell 1.1% for the week ended Saturday compared with a year ago, the Association of American Railroads said Thursday.
April 10, 2008