American Trucking Associations called for a series of steps by the federal government to alleviate it what it said was a crisis for the trucking industry caused by soaring fuel prices.
March 28, 2008GovernmentBusinessSafetyEquipment
Equipment Lessors Consolidate, Reduce Fleet Sizes to Adjust for Changing Demand
A weak economy and a deteriorating business environment for truckers are creating challenges and opportunities for equipment leasing and rental companies, executives in the field say.
March 31, 2008FuelBusinessGovernment
Diesel Tops Previous High
The average retail price of U.S. diesel rose another 1.5 cents a gallon to $3.989 last week, extending to five the string of record-high fuel prices recorded by the Department of Energy’s weekly report.
March 31, 2008BusinessGovernment
Consumer Confidence Falls to 16-Year Low
U.S. consumer confidence fell this month to a 16-year low, according to the Reuters/University of Michigan monthly consumer sentiment index, released Friday.
March 28, 2008BusinessFuelGovernment
UTI Worldwide’s Fourth-Quarter Earnings Decline
Air and ocean freight forwarder UTi Worldwide said its fiscal fourth-quarter profit fell 20% to $18 million, or 18 cents a share, including a restructuring charge that cut earnings by 6 cents a share.
March 28, 2008GovernmentBusiness
Personal Spending Rises 0.1%
Consumer personal spending rose in February at the slowest pace in more than a year, the Commerce Department said Friday.
March 28, 2008GovernmentBusinessFuel
UPS Puts 167 CNG Delivery Vans Into Service
UPS Inc. said Thursday it has put 167 compressed-natural-gas-powered delivery vehicles into service in Texas, Georgia and California.
March 27, 2008FuelBusinessSafetyGovernment
Covenant Projects 1Q Loss Due to High Fuel Costs
Truckload carrier Covenant Transportation Group said Thursday it will lose 40 cents to 50 cents per share in the first quarter, citing soaring diesel fuel prices.
March 27, 2008BusinessSafetyGovernment
Feb. Truck Tonnage Rises 3.5%
February truck tonnage rose 3.5% from the same month last year, American Trucking Associations said in its monthly seasonally adjusted for-hire truck tonnage index.
March 27, 2008Government
Fourth-Quarter GDP Grew 0.6%
The U.S. economy grew at a 0.6 % annual growth rate in the fourth quarter, unchanged two preliminary estimates, according to a final figure issued Thursday by the Commerce Department.
March 27, 2008