The Department of Transportation’s freight transportation services index for September was unchanged from a year ago but fell 2.5% from its August level, DOT said Thursday.
November 13, 2008Government
U.S. Trade Deficit Declines in September
The U.S. trade deficit fell 4.4% in September, largely on a sharp drop in the price of oil, the Commerce Department said Thursday.
November 13, 2008FuelBusinessGovernment
DOE Slashes Fuel-Price Outlook for 2009
The Energy Department sharply cut its price forecasts for crude oil, diesel and gasoline for next year, citing lower world demand in a sluggish global economy.
November 12, 2008Government
Werner Declares Special Dividend
Werner Enterprises said Tuesday that its Board of Directors declared a special cash dividend of $2.10 per common share.
November 12, 2008FuelBusinessLogisticsGovernment
Diesel Falls Below $3 a Gallon
Diesel fuel’s national average price fell below $3 for the first time since September 2007, dropping 14.4 cents to $2.944 a gallon, the Department of Energy reported.
November 12, 2008BusinessFuelGovernment
DHL to End U.S. Ground and Air Domestic Operations
DHL Express said Monday it will end its U.S. domestic services in January and focus on its international shipping business.
November 10, 2008GovernmentBusinessFuel
UPS Expanding U.K., German ‘Green’ Fleets
UPS Inc. Monday said it ordered 12 electric vehicles from British manufacturer Modec, which makes zero-emission delivery vans, for use in Germany and the United Kingdom.
November 10, 2008BusinessEquipmentGovernment
FleetPride Acquires Oregon Parts Distributor
Heavy-duty truck and trailer parts aftermarket distributor FleetPride Inc. said Monday it acquired E.H. Burrell Co., a distributor of original equipment manufacturer and aftermarket parts serving western Oregon and southwest Washington state.
November 10, 2008BusinessSafetyGovernment
Trimac’s 3Q Income Improves
Canada-based transportation firm Trimac Income Fund’s third-quarter net earnings improved to C$7.6 million, or 24 cents per unit, from C$5.7 million, or 19 cents, a year ago.
November 10, 2008GovernmentBusinessSafety
Trucking May Face Trade-offs
Barack Obama’s election as president last week could lead to more transportation spending, but at the cost to trucking of more stringent regulations and White House support for labor legislation unfavorable to business, industry officials said.
November 10, 2008