Diesel Hits 14-Month Low
The U.S. average retail diesel price dropped 14.4 cents to $2.944 a gallon last week, falling below $3 for the first time in 14 months, and is expected to drop even further next year, the U.S. Department of Energy said.
November 17, 2008FedEx Boosting 2009 Rates 5.9%
FedEx Corp. said Friday it will raise its 2009 ground delivery rates by an average of 5.9%, starting Jan. 5.
November 14, 2008Engineering Cited in Minn. Bridge Failure
Last year’s Interstate-35W highway bridge collapse in Minneapolis, the worst such accident in 25 years, was caused by an engineering flaw and the load on its deck, Bloomberg reported, citing U.S. safety investigators.
November 14, 2008SoCal Ports Delaying Clean-Trucks Fee
The ports of Los Angeles and Long Beach, Calif., which were to have begun collecting a “clean trucks fee” Monday, said they will delay the fee collection pending resolution of outstanding regulatory issues.
November 14, 2008October Retail Sales Plunge 2.8%; Drop Is Largest on Record
Retail sales fell 2.8% in October, the biggest drop on record, the Commerce Department said Friday.
November 14, 2008Opinion: Administration Must See Trucking’s Importance
So now we know who the next president will be. Thus, we can all go back to work, doing our part to help the industry deliver America’s economy, for good or for bad.
November 14, 2008US1 Reports Higher 3Q Income
Logistics firm US1 Industries’ third-quarter profit rose to $972,000, or 7 cents a share, from $789,000, or 6 cents, a year ago.
November 14, 2008Great Dane to Close Georgia Reefer Plant
Great Dane Trailers said it plans to close its refrigerated trailer manufacturing plant in Savannah, Ga., in January, due to the economic downturn’s effect on the transportation industry and the need for more efficient production.
November 14, 2008Consumer Sentiment Index Remains Near 28-Year Low
U.S. consumer confidence rose slightly but remained near a 28-year low this month, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.
November 14, 2008Business Inventories Take Largest Drop in Three Years
Business inventories fell 0.2% in September, the largest decline in three years, the Commerce Department said Friday.
November 14, 2008