Nine of the Federal Reserve鈥檚 12 districts reported that economic conditions weakened from late February through early April, and the Fed said record high fuel costs were hurting trucking companies who were struggling to pass on the soaring costs to customers.
April 16, 2008BusinessGovernment
Oil Continues to Climb, Topping $116 a Barrel
Oil prices hit yet another record high Friday, toping $116 a barrel on concerns that an earthquake centered in Illinois could affect refinery operations, Bloomberg reported.
April 18, 2008GovernmentBusiness
Leading Economic Indicators Rise in March
An index of leading economic indicators rose 0.1% last month, the first increase in six months, the New York-based Conference Board said Thursday.
April 17, 2008BusinessGovernment
Philadelphia Factory Index Declines in April
Manufacturing levels in the Philadelphia region declined this month, the Federal Reserve Bank of Philadelphia said.
April 17, 2008BusinessGovernmentEquipment
Hino Shifting Medium-Duty Work to W. Va.
Hino Motors Ltd. said it will halt assembly of trucks in California and shift the work to a West Virginia factory to consolidate U.S. production, Bloomberg reported.
April 17, 2008BusinessSafetyGovernment
Lovetro to Become USF Holland鈥檚 President, YRC Says
YRC Worldwide unit USF Holland鈥檚 president, John O鈥橲ullivan, has left his position and will be succeeded by Keith Lovetro, who leads YRC鈥檚 Regional Transportation unit, Bloomberg reported Wednesday.
April 16, 2008BusinessSafetyGovernment
Opinion: Preparing for DOT鈥檚 Driver Physical
For most truckers, the U.S. Department of Transportation physical is just an inconvenience, but for some, it can be a major hurdle. Commercial drivers are understandably concerned, because without the Medical Examiner鈥檚 Certificate, they would be out of a job.
April 16, 2008BusinessSafetyGovernmentAutonomous
ATA Chairman Kuntz Testifies at Senate Hearing
WASHINGTON 鈥 American Trucking Associations Chairman Ray Kuntz asked a Senate committee Wednesday to make fundamental changes to federal surface transportation programs in order to allow the trucking industry to move freight more efficiently.
April 16, 2008GovernmentBusinessSafetyFuel
TMC Chairman Hilton Says Council Will Seek 鈥楬eavy-Duty鈥 Service Members
Brent Hilton, the 2008 chairman of the Technology & Maintenance Council, said one of the focuses of his term will be to increase membership among service dealerships that perform essential 鈥渉eavy-duty鈥 maintenance for trucking.
April 16, 2008BusinessSafetyGovernment
Feds Set to Meet With SoCal Port Officials on TWIC Enrollment
Federal officials and Port of Long Beach, Calif., executives were scheduled to meet privately this week to develop measures aimed at boosting local enrollment for the government鈥檚 Transportation Worker Identification program, the Long Beach Press-Telegram reported Tuesday.
April 16, 2008