A fiery explosion from a gasoline tanker crash in Oakland, Calif., over the weekend shut down parts of a major freeway and will pose transport problems for freight coming out of the busy Port of Oakland, news reports said.
April 30, 2007GovernmentBusinessSafetyLogistics
Contrans’ 1Q Income Dips
Canadian firm Contrans Income Fund’s first-quarter income dropped to C$8.1 million or 28 cents a unit, from C$9.7 million or 34 cents a year ago.
May 1, 2007GovernmentBusiness
March Construction Spending Rises 0.2%
Construction spending rose 0.2% in March, the second straight monthly increase, the Commerce Department said Monday.
April 30, 2007BusinessGovernmentAutonomous
Dongfeng’s 1Q Profit Jumps 24%
Dongfeng Automobile Co. said its profit increased for a third straight quarter, rising 24% as China's surging economy boosted demand for trucks and other commercial vehicles, Bloomberg reported.
April 30, 2007BusinessGovernment
Personal Spending Climbs 0.3%
Consumer personal spending rose 0.3% in March, the Commerce Department said Monday.
April 30, 2007GovernmentBusinessSafety
Control, Capacity Needs Boosts In-House Trucking
Shipper-owned fleets are growing in size and importance where companies see value in controlling transportation capacity and service levels.
April 30, 2007GovernmentBusinessSafety
Mexican Trucks Suit Filed
A coalition of groups filed a federal lawsuit last week aimed at stopping the Bush administration’s plan to open the U.S. border to Mexican trucks.
April 30, 2007BusinessLogisticsGovernment
Diesel Price Falls 2.6¢ to $2.851
The national average price of retail diesel slipped 2.6 cents to $2.851 a gallon last week, its first decline after three straight increases.
April 30, 2007BusinessSafetyGovernment
Swift OKs Moyes’ Takeover
Swift Transportation’s shareholders Friday approved a $2.5 billion bid by company founder Jerry Moyes to take the truckload carrier private, Bloomberg reported.
April 27, 2007