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ATA calls on White House to tap Strategic Petroleum Reserve
In a letter to President George W. Bush, American Trucking Associations President and CEO Bill Graves called on the White House to release oil from the Strategic Petroleum Reserve (SPR) in an effort to curtail the ongoing, historical run-up in crude oil prices which are hampering various sectors of the U.S. economy and the trucking industry. Read More
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Dockworkers use the “green card” to leverage contract talks
At a time when ports, terminal operators, and ocean carriers are making unprecedented moves to reduce dockside pollution, organized labor is seizing upon the emotional issue to leverage public opinion in its favor during contract talks. Read More
FedEx says fiscal third quarter earnings down year-over-year
Due to the challenging economic situation, FedEx Corp. executive vice president Alan B. Graf Jr. said that the company’s fourth quarter earnings outlook has been impacted by higher than anticipated fuel expenses and a weak U.S. economy. Read More
Doing Business in China: Regulatory change to have impact on U.S. shippers
As reported here yesterday, shippers are telling LM that sourcing manufactured goods from China will have a few new wrinkles in the coming months. According to Saji Daniel, president and CEO of Tradex International, it is now time for U.S. shippers to take a fresh at look trade issues now if they are to remain competitive in this marketplace. Read More
The ever increasing diesel prices
Diesel prices inched closer to the $4 per gallon mark with another new record set for the fifth consecutive week, with a 1.5 cent increase to $3.989 per gallon. The average price per gallon for diesel has gone up 70.9 cents in the last five weeks. This week's price is 131.3 cents higher than the price last year at this time. Read More
League seeks changes in “10+2”
The League this week told the Bureau of Customs and Border Protection (CBP) that while it supports the security objectives set forth in the agency’s notice of proposed rulemaking (NPRM) in the advance of trade data program known as “10+2”, many questions and concerns still remain how the program may work in practice. Read More
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