DHL Express Global Chief Executive Officer John Mullen told a House panel Tuesday that the company鈥檚 proposed deal to let UPS Inc. handle its North American air services was necessary for the company 鈥渢o remain a viable competitor in the U.S. market.鈥
September 9, 2008Search
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Consumer Confidence Jumps on Lower Fuel Prices
U.S. consumer confidence this month rose by the most in four years in September, according to the Reuters/University of Michigan鈥檚 preliminary monthly consumer sentiment index, released Friday.
September 5, 2008Court Denies Calif. Port Stay; ATA Files Expedited Appeal
A federal judge last week denied American Trucking Associations鈥 request for a preliminary injunction against controversial portions of emission-reduction programs at the California ports of Los Angeles and Long Beach.
September 15, 2008Trucking Companies Face Growing Cash Crunch as Shippers Struggle to Survive Downturn
Astronomic fuel prices are only part of the economic drag on trucking these days. Add the growing length of time on accounts receivables, more customer bankruptcies and the tightening of credit by suppliers and lenders, and it鈥檚 easy to see how carriers鈥 cash flow has ebbed.
September 15, 2008Canadian Trucking Alliance Backs Call for Diesel Tax Cut
The head of the Canadian Trucking Alliance said an announcement by Prime Minister Stephen Harper that if re-elected he will cut the four cent per liter federal excise tax on diesel fuel in half was the right thing to do for the country鈥檚 truckers.
September 10, 2008Oil Slides Below $103 a Barrel as Hurricane Ike Moves Into Gulf
Crude oil prices continued to slide early Wednesday, even as Hurricane Ike intensified as it moved into the Gulf of Mexico and a top OPEC official said the cartel would trim an oversupplied market, Bloomberg reported.
September 10, 2008DOE Lowers 鈥08 Diesel Forecast to $4.09 a Gallon
Diesel fuel will average $4.09 this year, down 9 cents from a previous forecast, the Department of Energy said.
September 10, 2008EPA Approves More Fuel Waivers Due to Storms
In the aftermath of Hurricane Gustav and Tropical Storm Hanna, EPA has exercised its authority under the Clean Air Act to temporarily waive certain federal clean fuel requirements for areas of Alabama, Georgia, and North Carolina until next Monday, Sept. 15.
September 8, 2008Diesel Drops 6.2垄 to $4.059 in Eighth Straight Decline
The national average price of diesel fuel fell for an eighth straight week, dropping 6.2 cents to $4.059 a gallon, the Department of Energy said Monday.
September 9, 2008UTi Worldwide Reports Higher Earnings
Air and ocean freight forwarder UTi Worldwide said its net income for its 2009 fiscal second quarter ended July 31 rose to $33.7 million, or 33 cents a share, from $27.7 million, or 28 cents a year ago.
September 8, 2008