Navistar Says It Is Losing Sales, Blames EPA’s Stance on SCR
Navistar Inc., which said it has spent $600 million to develop its 2010 exhaust gas recirculation engine, said the company is losing sales of next year’s model because federal regulators “helped create the false impression” among customers that only urea-based after-treatment systems would meet 2010 federal emissions standards.
November 30, 2009Ocean Shipping Losses Could Top $20 Billion
ANAHEIM, Calif. — Whenever truckers think times are tough in their industry, they might want to consider ocean shipping, where the estimated losses this year could top $20 billion, shipping officials here said.
November 30, 2009Rail More Fuel Efficient Than Trucks, Agency Says
The Federal Railroad Administration said the fuel efficiency of the freight-rail industry rose 22% between 1990 and 2006, and that when compared to trucks in similar routes and distances, is between 1.9 and 5.5 times more fuel efficient.
November 30, 2009STB OKs Pooling Arrangement of 10 Calif. Drayage Carriers
The Surface Transportation Board has approved an application by 10 small drayage carriers serving the ports of Los Angeles and Long Beach, Calif., to pool some of their operations and purchases of fuel, equipment and materials.
November 30, 2009October Truck Tonnage Falls 5.2%
U.S. truck tonnage fell 5.2% in October, yet posted the best year-over-year performance since November of last year, as analysts said signs of a lasting economic recovery were uneven.
November 30, 2009Diesel Dips 0.3¢ to $2.787
Retail diesel prices edged lower again last week for the third consecutive time, while gasoline prices rose, the Department of Energy reported.
November 30, 2009Intermodal Traffic Decreases for Week
U.S. intermodal rail traffic fell 3.1% in the week ended Saturday compared with the same week last year, while freight rail traffic reached its highest level of the year, the Association of American Railroads said.
November 25, 2009New Home Sales Rise for October
New home sales grew 6.2% in October to the highest level since September 2008, the Commerce Department said Wednesday.
November 25, 2009Consumer Confidence Declines in November
U.S. consumer confidence declined this month, according to the final Reuters/University of Michigan monthly consumer sentiment index released Wednesday.
November 25, 2009YRC Sells Contract Carriage Business to Greatwide Logistics
YRC Worldwide said it has sold its dedicated contract carriage business to Greatwide Logistics Services for $34 million.
November 25, 2009