GDP Growth Rate Slows to 0.6% in 4Q
The economy expanded at a 0.6% annual growth rate in the fourth quarter, slowing from the third quarter’s 4.9% rate, the Commerce Department said Wednesday.
January 30, 2008C.H. Robinson’s 4Q Profit Improves
Transportation and logistics firm C.H. Robinson Worldwide’s fourth-quarter profit rose to $85.3 million, or 49 cents a share, from $71.8 million, or 41 cents, a year ago.
January 29, 2008Oberstar Criticizes NTSB on I-35W Bridge
Rep. James Oberstar (D-Minn.), chairman of the House Transportation and Infrastructure Committee, last week criticized the chairman of the National Transportation Safety Board for suggesting a design flaw was a key factor in the Interstate 35W bridge collapse in Minneapolis.
January 29, 2008Diesel Dips 1.1¢ to $3.259
The average national price of diesel fuel fell for a third straight week, dropping 1.1 cents to $3.259 a gallon, the Department of Energy said Monday.
January 29, 2008Consumer Confidence Falls in January
Consumer confidence declined in January, the New York-based Conference Board said Tuesday.
January 29, 2008December Durable Goods Orders Jump 5.2%
Durable goods orders jumped 5.2% in December, the Commerce Department said Tuesday.
January 29, 2008Corporate Express to Use Biodiesel Blend
Corporate Express US said Monday it is now fueling the majority of its 45-truck delivery fleets in Colorado and Kansas with a 20% blend of biodiesel fuel.
January 28, 2008Trucks, Autos Facing Higher Tolls, Paper Says
Drivers around the country will see big hikes in toll fees this year for roads, bridges and tunnels, USA Today reported Monday.
January 28, 2008New Home Sales Drop for 2007 Is Lowest on Record
New home sales fell 4.7% in December, capping the biggest annual decline on record, the Commerce Department said Monday.
January 28, 2008Trucking Hopeful for Gains
Congress, President Bush and the Federal Reserve agreed last week to several dramatic moves aimed at stimulating the U.S. economy, and trucking industry officials said they hoped the actions would boost the fortunes of freight haulers.
January 28, 2008