Oil prices continued their recent downturn, falling to below $70 a barrel and marking the lowest level in more than a year as worldwide demand continued to contract in the face of economic uncertainty, news services reported.
October 17, 2008BusinessLogisticsGovernmentEquipment
Class 8 Sales Rise in September, But Orders Drop Dramatically
Heavy-duty truck sales in the United States grew for the fourth straight month in September, but year-to-date results remained weak and the recent national economic chaos led to a sharp drop in new orders during September.
October 20, 2008FuelGovernment
Diesel Falls 21.6垄 to $3.659
The economic chaos gripping the world鈥檚 largest economies continued to feed one positive storyline last week, as the drop in U.S. fuel prices picked up speed.
October 20, 2008BusinessGovernment
Consumer Sentiment Index Shows Record Decline
U.S. consumer confidence rose this month compared with August but was down slightly from a preliminary reading two weeks ago, according to the Reuters/University of Michigan鈥檚 preliminary monthly consumer sentiment index, released Friday.
October 17, 2008GovernmentBusiness
Housing Starts Fall to 26-Year Low
New home construction fell to a 26-year low in September, the Commerce Department said Friday.
October 17, 2008GovernmentBusinessSafetyFuel
Opinion: The Challenges Facing Trucking
People often ask me how it is that, as a farmer, I stumbled into trucking. I grew up involved in the day-to-day operations of my family鈥檚 Indiana farm, but in 1972, I decided it was time to devote my energies to agribusiness.
October 17, 2008Government
Truckers Assessed $1 Million in Fines Over Weight-Restricted Bridge in R.I.
More than $1 million in fines have been assessed this year in Rhode Island against truckers for crossing the Pawtucket River Bridge on Interstate 95 that has a weight limit of 18 tons, an attorney for the state trucking association said.
October 16, 2008GovernmentBusinessSafety
USA Truck鈥檚 Third-Quarter Income Improves
Truckload carrier USA Truck said Thursday its third-quarter profit jumped to $2.4 million, or 23 cents a share, from $16,000, or zero cents, a year ago.
October 16, 2008FuelBusinessGovernment
Consumer Price Index Unchanged in September
Consumer prices were unchanged in September, kept in check by falling fuel prices, the Labor Department said Thursday.
October 16, 2008GovernmentBusinessFuel
Diesel Continues to Fall, Dropping 21.6垄 to $3.659
Diesel fuel fell by the most since its record plunge after the 2005 hurricanes, dropping 21.6 cents to $3.659 a gallon, while gasoline fell 33.3 cents to $3.151 a gallon in its biggest one-week decline on record, the Department of Energy said Tuesday.
October 15, 2008