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Gulf Refineries Brace for Hurricane Ike’s Landfall Near Houston

Oil refineries on the Gulf Coast in Texas and Louisiana shut down operations Friday as Hurricane Ike prepared to come ashore overnight near Houston in what could be the biggest hurricane to hit Texas in 50 years, news services reported.

September 11, 2008

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’s preliminary monthly consumer sentiment index, released Friday.

September 5, 2008

Business Inventories Rise More Than Forecast

Business inventories rose 1.1% in July, the Commerce Department said Friday.

September 12, 2008

Producer Prices Drop 0.9% in August

Prices paid to U.S. producers fell 0.9% in August, the Labor Department said Friday.

September 12, 2008

Retail Sales Fall 0.5% in August

Retail sales fell 0.5% in August, the Commerce Department said Friday.

September 12, 2008

House Follows Senate in Approving $8 Billion for Highway Fund

A day after the Senate passed a bill to fund an $8 billion shortfall in the federal Highway Trust Fund, the House followed suit, voting 376-29 to approve a similar measure.

September 12, 2008

Court Denies Calif. Port Stay; ATA Files Expedited Appeal

A federal judge last week denied American Trucking Associations’ 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

Congress Refills Highway Fund

Congress, after an abrupt about-face by the Bush administration, moved quickly last week to transfer more than $8 billion into the Highway Trust Fund to keep the road-building finance program solvent.

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’s easy to see how carriers’ cash flow has ebbed.

September 15, 2008

Fuel Prices Continue Downward

Fuel prices last week continued their slide from July’s 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