Fleets Seek Fuel Savings
Stung by the sharp rise in diesel prices, fleet executives are pushing to find new ways to stretch their fuel dollars and recover as much of their costs as possible.
April 14, 2008China’s Olympics Clean-Up Plan Could Snarl Shipments to U.S.
Plans by the Chinese government to close factories in and around Beijing and Shanghai this summer to reduce air pollution for the 2008 Summer Olympics could cause early or late peak seasonal surges in exports to the United States, shipping industry executives and transportation experts said.
April 14, 2008Analysts Predict Lower Profits for Trucking in First Quarter
Unfavorable economic trends and fuel prices will collaborate to propel trucking companies’ first-quarter earnings below year-ago levels and will lead to a shrinkage of the fleet in the truckload sector, industry analysts said.
April 14, 2008Diesel 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, 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, 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, 2008Bruce Carlton Named NITL President
The National Industrial Transportation League said Bruce Carlton will become the group’s president on June 1. He will succeed interim president Annette Sandberg.
April 10, 2008U.S. Trade Deficit Widens in February
The U.S. trade deficit jumped 5.7% in February, as an increase in imports topped the highest gain in exports in a year, the Commerce Department said Thursday.
April 10, 2008