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, 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, 2008BusinessFuelEquipmentGovernmentTechnologySafety
Cummins Releases CARB-Compliant APU
Diesel engine maker Cummins Inc. Wednesday unveiled two new auxiliary power unit systems that are compliant with new California Air Resources Board idle-reduction regulations.
March 26, 2008BusinessFuelGovernment
Oil Jumps Following DOE Report
Crude oil prices jumped more than $4 a barrel Wednesday after a Department of Energy report showed declines in gasoline and distillate inventories, the Associated Press reported.
March 26, 2008BusinessGovernment
New 91ÊÓƵ Sales Fall 1.8% to 13-Year Low
New home sales fell to a 13-year low in February, the Commerce Department said Wednesday.
March 26, 2008