Oil Sets Another Record, Hits $117 a Barrel
Crude oil hit $117 a barrel Friday, as the price soared to another closing price record to finish a week of all-time highs, Bloomberg reported.
April 18, 2008Oil Continues to Climb, Topping $116 a Barrel
Oil prices hit yet another record high Friday, toping $116 a barrel on concerns that an earthquake centered in Illinois could affect refinery operations, Bloomberg reported.
April 18, 2008Leading Economic Indicators Rise in March
An index of leading economic indicators rose 0.1% last month, the first increase in six months, the New York-based Conference Board said Thursday.
April 17, 2008Philadelphia Factory Index Declines in April
Manufacturing levels in the Philadelphia region declined this month, the Federal Reserve Bank of Philadelphia said.
April 17, 2008Hino Shifting Medium-Duty Work to W. Va.
Hino Motors Ltd. said it will halt assembly of trucks in California and shift the work to a West Virginia factory to consolidate U.S. production, Bloomberg reported.
April 17, 2008Lovetro to Become USF Holland’s President, YRC Says
YRC Worldwide unit USF Holland’s president, John O’Sullivan, has left his position and will be succeeded by Keith Lovetro, who leads YRC’s Regional Transportation unit, Bloomberg reported Wednesday.
April 16, 2008Fed ‘Beige Book’ Cites Sluggish Economy
Nine of the Federal Reserve’s 12 districts reported that economic conditions weakened from late February through early April, and the Fed said record high fuel costs were hurting trucking companies who were struggling to pass on the soaring costs to customers.
April 16, 2008Opinion: Preparing for DOT’s Driver Physical
For most truckers, the U.S. Department of Transportation physical is just an inconvenience, but for some, it can be a major hurdle. Commercial drivers are understandably concerned, because without the Medical Examiner’s Certificate, they would be out of a job.
April 16, 2008ATA Chairman Kuntz Testifies at Senate Hearing
WASHINGTON — American Trucking Associations Chairman Ray Kuntz asked a Senate committee Wednesday to make fundamental changes to federal surface transportation programs in order to allow the trucking industry to move freight more efficiently.
April 16, 2008TMC Chairman Hilton Says Council Will Seek ‘Heavy-Duty’ Service Members
Brent Hilton, the 2008 chairman of the Technology & Maintenance Council, said one of the focuses of his term will be to increase membership among service dealerships that perform essential “heavy-duty” maintenance for trucking.
April 16, 2008