A commission created by Congress plans to release a report this month recommending increases in the federal taxes on diesel fuel and gasoline, the Associated Press reported.
January 5, 2009BusinessSafetyGovernment
ISM Manufacturing Index Falls to 28-Year Low
U.S. manufacturing activity contracted at the fastest pace in 28 years in December, the Institute for Supply Management said.
January 5, 2009Business
November Tonnage Falls 1.8%
November truck tonnage declined 1.8% on a seasonally adjusted basis from year-earlier levels and 15.4% on an unadjusted basis, delivering the latest evidence that the economic downturn is putting ever more pressure on fleets.
January 5, 2009BusinessGovernmentSafety
Economic Woes Top Concerns as a Year of Challenges Begins
Trucking’s difficulties are expected to continue this year, as many carriers struggle for survival while freight volumes fall, financial market turmoil continues and a new political landscape takes shape.
January 5, 2009BusinessSafetyGovernment
A Less-Than-Truckload Life More Than a Bit Unusual
THOMASVILLE, N.C. — But for the vagaries of history, Earl Congdon’s family business could have been Florida motels rather than less-than-truckload transportation.
January 5, 2009GovernmentBusinessSafetyFuel
Diesel Price Declines to $2.327
The U.S. diesel average fell a combined 9.5 cents over the final two weeks of 2008 to $2.327 a gallon, ending the year at its lowest level since June 2005, the Department of Energy reported.
January 5, 2009BusinessSafety
SoCal Ports Suspending Saturday ‘OffPeak’ Shifts
Terminal operators at the Ports of Los Angeles and Long Beach said they will suspend Saturday OffPeak shifts starting in January, due to declining cargo volume in a sagging economy.
December 31, 2008FuelBusinessSafetyGovernment
Opinion: Not Quite a Happy New Year
As if skyrocketing fuel prices in 2008 were not enough, American trucking companies are now in the midst of the worst recession since the early 1980s.
December 31, 2008Business
Jobless Claims Fall for Week
Initial jobless claims fell last week by 94,000 claims, to 492,000 for the week ended Saturday, the Labor Department said Wednesday.
December 31, 2008Business
Navistar Reports Fourth-Quarter Loss
Navistar International Corp. reported a fiscal 2008Â fourth-quarter loss but restated its income for the first three quarters, saying it was $43 million higher than previously reported.
December 31, 2008