The Department of Transportation said that Mexican trucks will be allowed to operate throughout the United States under its pilot program as long as U.S. trucking companies have equal access south of the border, Bloomberg reported Friday.
August 17, 2007BusinessLogisticsGovernment
Diesel Dips 5.1¢ to $2.847
The national average retail price of diesel fell 5.1 cents last week to $2.847 a gallon — its largest weekly drop since January — while the gasoline average fell 6.7 cents to $2.771 a gallon.
August 20, 2007BusinessGovernment
Consumer Sentiment Index Falls to One-Year Low
U.S. consumer confidence fell to a one-year low this month, according to the University of Michigan’s monthly consumer sentiment index released Friday.
August 17, 2007BusinessSafety
Rail, Intermodal Fall for Week
Rail carload and intermodal freight traffic fell from a year ago for the week ended Saturday, the Association of American Railroads said Thursday.
August 16, 2007BusinessGovernment
Philadelphia Factory Index Stalls in August
Manufacturing growth in the Philadelphia area stalled in August, the Federal Reserve Bank of Philadelphia said Thursday.
August 16, 2007GovernmentBusinessSafety
Florida Sets Left-Lane Restrictions on I-4
Heavy trucks will be banned from using the left lane of Interstate 4 along a 60-mile stretch through four counties in central Florida, the Orlando Sentinel reported Thursday.
August 16, 2007BusinessLogistics
Smart Move Reports 2Q Loss
Logistics management firm Smart Move lost $2.5 million or 23 cents a share in the second quarter, compared with a loss of $3.4 million or 75 cents a year ago.
August 16, 2007Business
Jobless Claims Rise 6,000 for Week
Initial jobless claims rose 6,000 to 322,000 last week, the Labor Department said Thursday.
August 16, 2007GovernmentBusinessFuel
Oil Dips Thursday After Topping $73 on Storm Concerns
Crude oil saw its biggest gain of the month Wednesday on concern that Hurricane Dean could damage Gulf of Mexico platforms and on-shore refineries and pipelines, but the price rolled back in early trading Thursday, Bloomberg reported.
August 16, 2007BusinessSafetyGovernment
DOT Grants Would Boost Tolls
DOT Grants Would Boost TollsThe U.S. Department of Transportation issued grants to five metropolitan areas that will require or promote greater use of tolls to decrease congestion.
August 15, 2007