Rail and intermodal traffic fell sharply in November from a year ago, the Association of American Railroads said.
December 5, 2008Search
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Oil Closes Week Near $40
Oil fell almost $3 Friday to close the week near $40 a barrel, the lowest closing price in four years, Bloomberg reported.
December 5, 2008Diesel Prices Continue to Fall
Diesel fuel prices continued to slide last week, with the U.S. average falling 4.9 cents to $2.615 a gallon, according to the Department of Energy.
December 8, 2008FMCSA Issues Medical Rule Requiring Proof of Certification
The Federal Motor Carrier Safety Administration last week issued a final rule requiring all interstate truck drivers to prove they have passed medical examinations and proposed a separate rule setting up a national registry of qualified examiners.
December 8, 2008Union Offers YRC Savings
The Teamsters tentatively agreed to a 10% wage cut to help YRC Worldwide Inc. cope with the recession as part of a package that, among other things, requires YRC to give the union a 15% stake in the less-than-truckload carrier.
December 8, 2008October Factory Orders Fall 5.1%
U.S. factory orders fell 5.1% in October, the most in eight years, the Commerce Department said Thursday.
December 4, 2008ISM Services Index Falls to Record Low
The U.S. economy’s service sector declined in November at the fastest pace on record, the Institute for Supply Management said Wednesday.
December 3, 2008Productivity Rises More Than Forecast
Third-quarter U.S. worker productivity rose 1.3% in the third quarter, the Labor Department said Wednesday, more than a previous estimate.
December 3, 2008ABF Cites Union Contract Concerns
Arkansas Best Corp. may seek to amend its labor contract with the Teamsters union following the union’s tentative agreement to make contract changes to help reduce costs at less-than-truckload carrier YRC Worldwide, Bloomberg reported.
December 3, 2008Fed Cites Lag in Transport Services Demand
Demand for transportation services has lowered since early October, and costs for services have fallen in some areas, and demand for transportation services will continue into 2009, the Federal Reserve said Wednesday.
December 3, 2008