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Business, Government, Safety, Fuel, Logistics

EPA Postpones Decision on Texas Request To Cut National Renewable Fuel Mandate

The Environmental Protection Agency postponed until early August its decision on whether to grant a request from Texas to cut the national renewable fuels mandate in half, citing the huge number of comments EPA has received on the issue, which has pitted livestock growers against grain producers.

July 28, 2008
Business, Safety, Government

GAO Claims Many Truckers Skirt DOT Health Regulations

WASHINGTON — The Government Accountability Office said last week that hundreds of thousands of truck drivers with potentially serious medical conditions are being allowed to drive heavy vehicles, citing loopholes and weaknesses in the federal government’s program to certify drivers.

July 28, 2008
Business, Safety, Government, Fuel

Profits Decline at Most LTLs As Surcharges Lag Fuel Hikes

Most public less-than-truckload companies’ second-quarter profits fell as fleets were pounded by record diesel prices and flagging economic demand, but some executives said they thought the overall pricing environment had improved, or at least stabilized.

July 28, 2008
Government, Business, Fuel

Diesel Dips 4.6¢ to $4.718

The average price of retail diesel in the United States dipped 4.6 cents last week to $4.718 a gallon, the largest weekly drop in more than six months, the Department of Energy reported.

July 28, 2008
Business, Government

Consumer Sentiment Index Rebounds in July

U.S. consumer confidence this month rose from a reading that was close to a 28-year low, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

July 25, 2008
Business, Safety

Intermodal Volumes Fall for Week

Tom Biery/Trans Pixs

Overall rail freight volumes rose for the week ended July 19, but intermodal traffic declined from year-ago levels, the Association of American Railroads said.

July 25, 2008
Business, Government

New Home Sales Fall in June

New home sales fell 0.6% in June, the Commerce Department said Friday.

July 25, 2008
Business, Government

Durable Orders Rise in June

Durable goods orders rose in June, the Commerce Department said Friday.

July 25, 2008
Business

Scania’s Net Income Soars on Robust Russian Sales

Swedish truck maker Scania AB’s second-quarter net income jumped 51% to about $505 million, or 63 cents a share, from last year's $333 million, or 42 cents, as truck sales in Russia boomed, Bloomberg reported Friday.

July 25, 2008
Business

YRC Reports Lower 2Q Profit

YRC Worldwide

YRC Worldwide said late Thursday its second-quarter net earnings were $36.3 million, or 62 cents a share, down from a profit of $55.4 million, or 95 cents, a year ago.

July 24, 2008

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