Diesel Rises Again; DOE Sees $3.40 Average Into Spring
Diesel fuel prices rose again last week, gaining 3.1 cents to $3.376 a gallon in the Department of Energy’s weekly average of filling stations. DOE said average gasoline prices increased 5.6 cents to $3.109.
January 14, 2008TT Podcasts: RoadSigns
Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.
Trade Gap Jumps 9.3% in November
The U.S. trade deficit widened in November by 9.3%, the Commerce Department said Friday.
January 11, 2008FedEx Says Its Drivers Are Classified Correctly
FedEx Corp. Chief Executive Frederick Smith he is confident the company’s FedEx Ground unit drivers are correctly classified and that the division remains “fundamentally strong” in the face of adverse court rulings.
January 10, 2008Fed Chairman Says Rate Cut Likely
Federal Reserve Board Chairman Ben Bernanke said the Fed would cut interest rates as needed to prevent housing and credit problems from plunging the country into a recession, the Associated Press reported.
January 10, 2008Wholesale Inventories Rise 0.6%
Wholesale inventories rose 0.6% in November, while sales jumped 2.2%, the Commerce Department said Thursday.
January 10, 2008Oil Prices Continue Slide, to Near $94 a Barrel
Oil prices continued a downward trend Thursday, falling to near $94 a barrel just a week after broaching the $100 level for the first time, Bloomberg reported.
January 10, 2008I-4 Closed in Florida Following Pileup
A 15-mile stretch of Interstate 4 in central Florida remained closed early Thursday after a 70-vehicle crash Wednesday caused by fog and smoke from a brush fire, the Associated Press reported.
January 10, 2008DOT Freight Index Gains 1.8%
The Department of Transportation’s freight transportation services index for November rose 1.8% from a year earlier, DOT said Wednesday.
January 9, 2008N.J. Governor Backs Tolls Hike
New Jersey Gov. Jon Corzine (D) said he would sharply raise tolls to help pay off the state’s debt, the Newark Star-Ledger reported Wednesday.
January 9, 2008Year in Review: Hours Battle Continued in ’07 as Adversaries Went to Court
The eyes of the trucking industry were firmly fixed on Washington for much of 2007, first watching a federal court deliberate over the fate of the hours-of-service rule, then looking to the Federal Motor Carrier Safety Administration to see how it would address the court’s ruling.
January 9, 2008