Diesel Leaps 14.3¢ to $3.716 a Gallon; Gasoline Spikes 19.4¢ to $3.383
Diesel jumped 14.3 cents to $3.716 a gallon, its 13th straight weekly gain, while gasoline soared 19.4 cents to $3.383, the Department of Energy said Monday.
March 1, 2011ATA: Research Flawed in FMCSA Study Used to Make Hours-of-Service Changes
A researcher who worked on the scientific studies used by the Federal Motor Carrier Safety Administration in formulating its hours-of-service rules said the agency misapplied those studies’ findings, American Trucking Associations said Monday.
March 1, 2011Construction Spending Falls on Commercial Downturn
Construction spending fell 0.7% in January, led by a drop in commercial projects, the Commerce Department reported Tuesday.
March 1, 2011YRC Reaches Agreement on Restructuring Plan
YRC Worldwide said Monday it signed an agreement in principle with its lenders and the Teamsters union on a proposed restructuring plan that would provide a cash infusion from its creditors who will receive newly issued common stock and notes.
February 28, 2011Dana Reports Smaller 4Q Loss, Boosts 2011 Outlook
Dana Holding Corp. reported a smaller fourth-quarter loss than a year ago and a net profit for the full year, while boosting its 2011 earnings and revenue outlook.
February 28, 2011Chicago Manufacturing Index Hits 23-Year High
Manufacturing activity in the Chicago region rose to its highest level in almost 23 years in February, the Institute for Supply Chain Management-Chicago said Monday.
February 28, 2011Oil Trades Near $100 a Barrel
Oil traded near $100 a barrel early Monday, its highest level in more than two years, as ongoing Middle East political turmoil raised concerns that production may be disrupted further, Bloomberg reported.
February 28, 2011Consumer Spending Shows Small January Increase
Consumer personal spending rose 0.2% in January, the Commerce Department said Monday.
February 28, 2011Trucking Rates Rising Due to Tighter Capacity, Higher Costs
Trucking firms could see their biggest rate increases in years in 2011, and coupled with rising equipment and fuel prices, end products’ costs could increase accordingly, USA Today reported Monday.
February 28, 2011Andrews Logistics Names President
Logistics firm Andrews Logistics has named Brian Jarvis its president, it said Monday.
February 28, 2011