Oil prices fell from a six-month high Thursday to below $61 a barrel following a Federal Reserve report said the U.S. economy may be slow in recovering, Bloomberg reported.
May 21, 2009Search
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Fuel Price Hedgers Seeking Market Bottom
With fuel prices dramatically lower than just a year ago, carriers that engage in hedging are questioning whether the market is close enough to a bottom to begin locking in prices, according to several fuel-purchasing analysts.
May 25, 2009Fleets See Longer Tire Life with Monitoring Systems
Trucking fleets and tire makers said increased use of tire-pressure monitoring systems and automatic inflation systems is saving lives and money.
May 25, 2009Leading Economic Indicators Rise 1%
An index of leading economic indicators rose 1% last month, the biggest gain in three-and-a-half years, the New York-based Conference Board said Thursday.
May 21, 2009Philadelphia Factory Index Improves
Manufacturing levels in the Philadelphia region contracted this month at the slowest pace in eight months, the Federal Reserve Bank of Philadelphia said Thursday.
May 21, 2009Virginia Scales Back Plan To Close Rest Stops
The Virginia Department of Transportation said it will propose closing 19 of the state's 41 highway rest areas, scaling back its original proposal to close 25.
May 22, 2009U.S. May Reopen Roads to Mexican Trucks by June, LaHood Says
Transportation Secretary Ray LaHood said the United States could reopen its roads to Mexican trucks as soon as next month, Bloomberg reported.
May 21, 2009Oil Pushes Past $62 a Barrel to Six-Month High
Oil prices rose almost $2 to a six-month high of more than $62 a barrel Wednesday after a Department of Energy report showed that inventories fell last week, Bloomberg reported.
May 20, 2009Housing Starts Plunge 13% to Record Low
New housing starts plunged 13% to a record low in April, the Commerce Department said Tuesday.
May 19, 2009Opinion: Freight Broker Liability
Against the backdrop of a recent multimillion-dollar verdict against one of the world’s largest freight brokers, now is a good time for freight brokers across this country to review their procedures to reduce exposure to similar liability.
May 19, 2009