Pressure 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, 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, 2008Ontario-U.S. Truck Border Crossings Decline
Truck crossings from the Canadian province of Ontario into the United States have fallen 5.6% in 2008 compared with the same period last year, the Ontario Trucking Association said Thursday.
May 15, 2008Philadelphia Manufacturing Index Improves
Manufacturing levels in the Philadelphia region improved this month, but continued to show contraction, the Federal Reserve Bank of Philadelphia said Thursday.
May 15, 2008New York Manufacturing Index Declines
Manufacturing growth in New York state fell this month, the Federal Reserve Bank of New York said Thursday.
May 15, 2008