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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, 2008

Court 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, 2008

Trucking 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, 2008

Fuel Prices Continue Downward

Fuel prices last week continued their slide from July鈥檚 record highs, as the U.S. retail average for diesel fuel dropped for an eighth straight week and gasoline for the ninth.

September 15, 2008

Oil 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, 2008

DHL Testifies Before House Panel on UPS Air Deal

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, 2008

EPA 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, 2008

Diesel 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, 2008

UTi 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

Diesel Dips 2.4垄 to $4.121

The average price of retail diesel in the United States dipped 2.4 cents a gallon last week to $4.121, the seventh straight decline, even as Hurricane Gustav reached the Gulf Coast, the Department of Energy reported.

September 8, 2008