Oil Continues to Surge, Rising Past $143 a Barrel
Crude oil rose to a record of more than $143 a barrel Monday, on Mideast supply concerns and a shaky global economy, the Associated Press reported.
June 30, 2008Florida Sets Anti-Idling Rule; Compliance Delayed Until December
Florida’s Environmental Regulation Commission has approved a rule barring heavy-duty trucks from idling longer than five minutes.
June 30, 2008Many Trucking Shares Gain During 2008 Despite Ongoing Industry Woes
Despite trucking’s struggles to overcome record fuel prices, weak demand and overcapacity, many carriers’ stocks have gained thus far in 2008.
June 30, 2008EGR Proponents to Use Credits to Meet 2010 Engine Standards
The two major engine makers that will employ exhaust gas recirculation technology to meet the tightened federal emissions rules that go into effect in 2010 will use credits they have earned from the Environmental Protection Agency to hit the new mark.
June 30, 2008UPS Lowers Earnings Estimate, Sending Stock to Five-Year Low
UPS Inc. lowered guidance on its second-quarter earnings by about 15%, less than one week after FedEx Corp. posted its first quarterly loss since 1997, demonstrating that even the two largest corporations in North American freight transportation, with the most far-reaching global footprints, are ultimately not immune to the continuing struggles of the all-but-stagnant U.S economy.
June 30, 2008Diesel Dips 4.4¢ to $4.648 a Gallon
The fuel price express took a holiday last week, as the average price of diesel dipped 4.4 cents a gallon to $4.648, and the price of gasoline declined for the first time in three months, according to the Department of Energy.
June 30, 2008Roadcheck Shows Improved Safety Compliance, CVSA Says
The Commercial Vehicle Safety Alliance said that its recent Roadcheck ’08 three-day safety check yielded the lowest out-of-service rate in two decades.
June 27, 2008May Truck Tonnage Jumps 3.3% From a Year Ago
Truck tonnage in May jumped 3.3% from a year earlier, marking the seventh straight year-over-year increase, American Trucking Associations said.
June 27, 2008Personal Spending Jumps 0.8%
Consumer personal spending rose 0.8% in May, the Commerce Department said Friday.
June 27, 2008Navistar Reports First-Half Profit; Will Resume NYSE Trading Monday
Truck and engine maker Navistar International Corp. Friday reported a first-half profit and said its shares will resume trading on the New York Stock Exchange Monday.
June 27, 2008