The Department of Transportation鈥檚 freight transportation services index for February rose 2.7% from a year earlier, DOT said Wednesday.
April 9, 2008Government
Wholesale Inventories Gain 1.1%
Wholesale inventories rose 1.1% in February, the Commerce Department said Wednesday.
April 9, 2008BusinessSafetyGovernmentFuel
Letters to the Editor: Driver Training; Crashes, Cell Phones; Fuel Prices
As I understand the new driver-training rules, they indicate that a company cannot hire drivers if that company has a school for training those drivers. This is in conflict with every training institution in the country 鈥 if not the world.
April 9, 2008BusinessSafetyGovernment
Opinion: Costly, Ineffective New Federal Training Rules
Safety is the paramount goal of every motor carrier. From intensive driver training to using the finest technology available, the trucking industry strives to uphold the highest safety standards while ensuring the smooth and steady flow of cargo on our nation鈥檚 highways.
April 9, 2008BusinessGovernment
Daimler鈥檚 Earnings to Rise on Growth in Russia, China
Daimler AG said Wednesday its sales and profit will rise this year on higher demand from emerging economies such as Russia and China, outweighing a weaker U.S. economy, Bloomberg reported.
April 9, 2008BusinessSafetyGovernment
Trust Fund May Face Deficit, Former DOT Official Says
The main funding vehicle for the U.S. highway infrastructure will be exhausted by next year, according to a transportation expert, the Wall Street Journal reported Wednesday.
April 9, 2008BusinessSafetyGovernment
Jevic to Close Ohio Terminal
Jevic Transportation said it plans to close a facility in West Chester Township, Ohio, in June, the Hamilton (Ohio) News-Journal reported.
April 9, 2008GovernmentBusinessSafety
Fed Minutes Cite Concern Over Economic Contraction
Federal Reserve officials anticipated that the U.S. economy will shrink in the first half of the year, while noting concerns about a possible 鈥減rolonged and severe economic downturn,鈥 when they cut interest rates last month, according to the minutes of the meeting released Tuesday.
April 8, 2008BusinessFuelGovernment
DOE Again Boosts Diesel, Gasoline Price Forecast
The Department of Energy again sharply boosted its projection for both diesel and gasoline prices, saying diesel will average $3.90 a gallon this month, while gas will peak at $3.60 this spring but could top $4 this summer.
April 8, 2008