Oil Rises to $51 a Barrel
Oil closed the trading day Wednesday near $51 a barrel on the New York Mercantile Exchange following an Energy Department report that showed gasoline inventories declined last week, Bloomberg reported.
April 29, 2009Mullen’s First-Quarter Income Drops
Canadian transportation firm Mullen Group Income Fund said its first-quarter profit dropped 37.8% to C$31 million or 38 cents per unit, from C$49.8 million, or 62 cents per unit, a year ago.
April 29, 2009First-Quarter GDP Shows 6.1% Contraction
The U.S. economy contracted at an annual rate of 6.1% rate in the first quarter, following the 6.3% downturn in the fourth quarter of last year, the Commerce Department said Wednesday.
April 29, 2009Judge to Block SoCal Ports’ Concession Plans
A federal judge said she will block the concession plans at the ports of Los Angeles and Long Beach, including L.A.’s requirement that truck drivers be trucking company employees and not contractors, the Associated Press reported.
April 28, 2009Going ‘Green’ Can Offer Dealers Financial Benefits, Panelists Say
OXON HILL, Md. — Truck dealers and their fleet customers who feel forced to concern themselves with government environmental regulations should consider embracing the subject, as “green” issues carry increasing weight with the shipping business community and conservation can lead to better profitability, said panelists at a dealer workshop here.
April 28, 2009Consumer Confidence Jumps in April
Consumer confidence jumped in April to the highest level since November, the Conference Board said Tuesday.
April 28, 2009Diesel Drops 2¢ to $2.201
The national average price of diesel fuel fell for a second straight week, dropping 2 cents to $2.201 a gallon, the Department of Energy said Monday.
April 28, 2009Daimler Reports Loss for First Quarter
Daimler AG said Tuesday it lost $1.68 billion in the first quarter, compared with a profit of $1.73 billion a year ago, the Associated Press reported.
April 28, 2009Covenant Says It Lost $5.5 Million in First Quarter
Covenant Transportation Group said Tuesday it lost $5.5 million, or 39 cents per share, in the first quarter, compared with a loss of $7.8 million, or 56 cents, a year ago.
April 28, 2009Recession Hurting Used-Truck Exports
OXON HILL, Md. — The sale of used North American trucks to overseas markets may once again become a useful technique for maximizing revenue for sellers, industry executives said, but for now the recession has caused even that market to decline.
April 28, 2009