Falling Freight Gives Shippers Leverage
A loosening of the tight capacity for freight hauling now makes the fuel-surcharge programs — upon which motor carriers depend to insulate them from fuel price spikes — vulnerable to demands for change by shippers.
April 2, 2007Diesel Dips to $2.676
The U.S. average retail price of diesel fuel dipped by 0.5 cent to $2.676 a gallon last week, its second straight tiny decline, the Department of Energy said.
April 2, 2007Parts of D.C. Beltway to Close Friday Night for Construction
Several parts of the Capital Beltway, Interstate 95/495 near Washington, D.C., will be closed temporarily this weekend due to scheduled work, the Maryland State Highway Administration said.
April 1, 2007Michelin Plans $300 Million Investment in China Tire Plant
Tire maker Michelin said plans to invest $300 million to make tires in China, Bloomberg reported.
March 30, 2007FedEx to Boost Capital Investment by 20%
FedEx Corp. will boost its plant and equipment investment by 15% to 20% in fiscal 2008 to expand in China, add new jets and add new stores to its FedEx Kinko's chain , Bloomberg reported.
March 29, 2007Fourth-Quarter GDP Revised Upward to 2.5%
The U.S. economy grew at a 2.5% rate in the fourth quarter, higher than previously reported, the Commerce Department said Thursday.
March 29, 2007Letters to the Editor: Opening the Border
This Mexican truck program is contrary to everything the United States should be doing.
March 28, 2007Safety & Security Briefs — March 22 - March 28
Crude Oil Prices Continue to Rise, Topping $64 a Barrel
Crude oil futures rose to more than $64 a barrel in early trading Wednesday on the New York Mercantile Exchange, the seventh straight trading day of increases, Bloomberg reported.
March 28, 2007Ambassador Bridge Plans to Be Reviewed by Michigan DOT
The owner of the bridge that connects Detroit to Windsor, Ontario, has applied for $1 billion in U.S. bonds to help pay for a new twin span, and the state agency that will help make that decision is a chief competitor in building a new bridge, the Detroit News reported.
March 28, 2007