Landstar CEO Sees Higher Truck Rates
Landstar System Chief Executive Officer Henry Gerkens said the company may benefit from higher freight pricing this year as excess truck capacity shrinks, Bloomberg reported.
March 4, 2008Diesel Jumps 10.6¢ to Record $3.658
3he average national price of retail diesel fuel jumped 10.6 cents to a record $3.658 a gallon, following last week’s record $3.552, the Department of Energy said.
March 4, 2008NAFTA Surface Trade Climbs 3.1%
Surface trade among the United States, Canada and Mexico jumped 3.1% in December from a year earlier, the Department of Transportation said Monday.
March 3, 2008Coalition Presses Congress for Action on Safety Technology Tax Incentives
WASHINGTON — A coalition of law enforcement and equipment manufacturers pressed Congress to act on a bill that would give fleets a tax incentive for purchasing safety technology.
March 3, 2008ISM Factory Index Shows Contraction in February
The Institute for Supply Management’s manufacturing index contracted last month, ISM said Monday.
March 3, 2008Construction Spending Falls 1.7%
Construction spending fell 1.7% in January, the Commerce Department said Monday.
March 3, 2008Gasoline Consumption Falling
Soaring gasoline prices, pushed by record crude oil prices, are causing U.S. consumers to reduce consumption of gasoline, the Wall Street Journal reported Monday.
March 3, 2008CMV to Update Cadec’s Customers
Cadec Global, provider of fleet management software, and CMV Safety Consulting Inc. said they formed a partnership to keep Cadec customers up-to-date on North American trucking regulation changes.
March 3, 2008January Truck Tonnage Grows 5.3%
Truck tonnage in January posted its biggest gain since the beginning of 2005, climbing 5.3% above year-ago levels and marking the third consecutive increase for the monthly index, American Trucking Associations reported Feb. 26.
March 3, 2008Fleets Search for Savings Through Strategic Equipment Purchases
With fuel prices at a record and the economy teetering at the brink of a recession that could cut into carrier revenue, some truckload carriers are pushing harder for savings by using lighter trailers, limiting idling to save fuel and shortening trade-in cycles.
March 3, 2008