Insurance Claim

Industrial production rose 1.1% in April, led by automobile manufacturing and utility output, the Federal Reserve said Wednesday.The gain in activity at factories, mines and utilities topped economists’ projections of a 0.6% increase, Bloomberg reported.Production had declined 0.6% in March, revised from an unchanged reading.Factory production, which...

An index of leading economic indicators fell in April following six straight increases, the New York-based Conference Board said Thursday.The index slipped 0.1% following a 0.3% gain in March.Economists had forecast a 0.1% increase, Bloomberg reported.The LEI is closely watched by trucking companies because it forecasts business activity for the next...

Total cargo volume in Southern California ports of Los Angeles and Long Beach rose 2% in April, indicating stronger international trade volume at the nation’s two largest ports.The total container shipments handled at the ports, measured by industry standard 20-foot units, reached 1.17 million, including a 15% increase at Los Angeles and a 13% drop...

Jamie Rector/Bloomberg NewsOil fell more than $1 Wednesday to finish the trading day at six-month-low under $93 a barrel, Bloomberg reported.The $1.17 decline to $92.81 a barrel on the New York Mercantile Exchange — the lowest closing price since $92.51 on Nov. 2 — followed...

Bruce Harmon/Trans PixsVolvo AB’s North American truck deliveries rose 39% in April from a year ago, the company said Wednesday.Sales for its Volvo and Mack brands improved to 4,712 trucks, from 3,388 a year ago, Sweden-based Volvo said in a statement.In North America, Volvo Trucks...

The Federal Motor Carrier Safety Administration has formally withdrawn its regulation that would have mandated electronic onboard recorders for some carriers.The action comes nine months after an appeals court blocked the mandate, which would have required EOBRs for about 5,700 carriers with the worst hours-of-service violations.A supplementary proposal...

U.S. natural gas prices may double from recent 10-year lows by 2015 as more of the fuel is used in transportation, the Financial Times reported Thursday, citing an oil company executive.Prices will rebound from the recent lows that have come about from strong North American shale gas production, Royal Dutch Shell CEO Peter Voser told the newspaper...

Initial jobless claims were unchanged last week, holding at 370,000, the Labor Department said Thursday.Economists had forecast claims to drop to 365,000, Bloomberg reported.The four-week moving average, a less volatile measure, fell to 375,000, from 379,750.Continuing claims for the previous week ended May 5 rose by 18,000 to 3.27 million a week...

The Federal Motor Carrier Safety Administration ordered two affiliated Alabama trucking companies to stop operating, declaring the carriers “imminent hazards to public safety.”BM&L Trucking LLC and IDM Transportation Inc. had multiple federal safety violations in the areas of hours-of-service compliance, driver qualifications and vehicle maintenance,...

YRC Freight, the national less-than-truckload unit of YRC Worldwide, said it plans to immediately add 200 over-the-road drivers in 13 locations.The announcement by Overland Park, Kan.-YRC said drivers are being hired because “the Freight unit is growing and volumes are building.”The locations include three in Ohio and two in New York State, as well...

An index of manufacturing activity in the Philadelphia region in May showed contraction for the first time in eight months, the Federal Reserve Bank of Philadelphia said Thursday.The region’s factory index fell to a reading of minus 5.8, from a reading of 8.5 in March. Readings greater than zero indicate expansion.The May reading was the lowest since...

Mud motor failure downhole may be happened from time to time. The questions that are usually raised are things like “How do I know if the mud motor fails down hole?” and “What indications will I see that this has happened?” etc. Due to this, I would like to share my personal experience...