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Business, Fuel, Government

Railroads Showing Strong Growth, Paper Says

Tom Biery/Trans Pixs

Freight railroads are benefitting from high diesel fuel prices, truck driver shortages and a growing “green” movement, the Washington Post reported Monday.

April 21, 2008
Government, Business, Safety, Fuel

Lenders Tighten Standards for Truckers Seeking Credit

Rising fuel costs, weakening demand for freight hauling and the subprime lending crisis are making it tougher for drivers and trucking companies to qualify for financing to buy equipment.

April 21, 2008
Business, Logistics, Fuel, Government

Diesel Average Tops $4 for First Time

Retail diesel surged 10.4 cents to $4.059 a gallon, the first time the national average price has crossed above $4, the Department of Energy reported. Also last week, both the U.S. gasoline average and crude oil prices set new records.

April 21, 2008
Business, Government, Fuel

Oil Sets Another Record, Hits $117 a Barrel

Frank Polich/Bloomberg News

Crude oil hit $117 a barrel Friday, as the price soared to another closing price record to finish a week of all-time highs, Bloomberg reported.

April 18, 2008
Fuel

Detroit Diesel Offers Free Upgrades for ’07 Engines

DDC ’07 engine — Penske Truck Leasing

Engine maker Detroit Diesel Corp. said Friday that it will soon make a new software release available free to its customers that will boost the fuel economy of its 2007 Series 60 engines.

April 18, 2008
Fuel, Business, Government

Fed ‘Beige Book’ Cites Sluggish Economy

Larry Smith/Trans Pixs

Nine of the Federal Reserve’s 12 districts reported that economic conditions weakened from late February through early April, and the Fed said record high fuel costs were hurting trucking companies who were struggling to pass on the soaring costs to customers.

April 16, 2008
Government, Business, Safety, Fuel

TMC Chairman Hilton Says Council Will Seek ‘Heavy-Duty’ Service Members

Brent Hilton, the 2008 chairman of the Technology & Maintenance Council, said one of the focuses of his term will be to increase membership among service dealerships that perform essential “heavy-duty” maintenance for trucking.

April 16, 2008
Fuel, Business, Government

Consumer Price Index Gains 0.3% in March

The consumer price index rose 0.3% in March, led by higher fuel and food prices, the Labor Department said Wednesday.

April 16, 2008
Business, Fuel, Safety, Government

Larger Trucks More Efficient, Reduce Emissions, Study Says

The use of heavier trucks can be an effective way for the industry to reduce fuel consumption and emissions, a new study by the American Transportation Research Institute said.

April 15, 2008
Fuel, Business, Logistics, Government

Diesel Average Tops $4 for First Time; Oil, Gas at Records

TT File Photo

Diesel fuel’s national average price broke the $4 barrier for the first time, jumping 10.4 cents to $4.059 a gallon, the Energy Department said Monday.

April 15, 2008

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