March Construction Spending Rises 0.2%
Construction spending rose 0.2% in March, the second straight monthly increase, the Commerce Department said Monday.
April 30, 2007Technology Briefs — April 24 - April 30
Dongfeng’s 1Q Profit Jumps 24%
Dongfeng Automobile Co. said its profit increased for a third straight quarter, rising 24% as China's surging economy boosted demand for trucks and other commercial vehicles, Bloomberg reported.
April 30, 2007Personal Spending Climbs 0.3%
Consumer personal spending rose 0.3% in March, the Commerce Department said Monday.
April 30, 2007Control, Capacity Needs Boosts In-House Trucking
Shipper-owned fleets are growing in size and importance where companies see value in controlling transportation capacity and service levels.
April 30, 2007Mexican Trucks Suit Filed
A coalition of groups filed a federal lawsuit last week aimed at stopping the Bush administration’s plan to open the U.S. border to Mexican trucks.
April 30, 2007Diesel Price Falls 2.6¢ to $2.851
The national average price of retail diesel slipped 2.6 cents to $2.851 a gallon last week, its first decline after three straight increases.
April 30, 2007Swift OKs Moyes’ Takeover
Swift Transportation’s shareholders Friday approved a $2.5 billion bid by company founder Jerry Moyes to take the truckload carrier private, Bloomberg reported.
April 27, 2007GDP Expands at Slowest Rate in Four Years
The U.S. economy grew at its slowest pace in four years in the first quarter, as the housing slump continued and the trade deficit expanded, the Commerce Department said Friday.
April 27, 2007March Trucking Index Gains
American Trucking Associations’ truck tonnage index rose 1.6% in March from a year ago, marking the first year-over-year increase since June, ATA said Thursday.
April 27, 2007