Analysts Predict Lower Profits for Trucking in First Quarter
Unfavorable economic trends and fuel prices will collaborate to propel trucking companies’ first-quarter earnings below year-ago levels and will lead to a shrinkage of the fleet in the truckload sector, industry analysts said.
April 14, 2008Oil Closes Week Above $110
Crude oil futures closed the trading week at more than $110 a barrel, despite an International Energy Agency report issued Friday that showed declining world demand, Bloomberg reported.
April 11, 2008Letters to the Editor: Driver Training; Crashes, Cell Phones; Fuel Prices
As I understand the new driver-training rules, they indicate that a company cannot hire drivers if that company has a school for training those drivers. This is in conflict with every training institution in the country — if not the world.
April 9, 2008DOE Again Boosts Diesel, Gasoline Price Forecast
The Department of Energy again sharply boosted its projection for both diesel and gasoline prices, saying diesel will average $3.90 a gallon this month, while gas will peak at $3.60 this spring but could top $4 this summer.
April 8, 2008Cummins Begins Production at Chinese Fuel Systems Plant
Diesel engine maker Cummins Inc. said Tuesday it opened its first fuel systems manufacturing site outside of North America, the Cummins Fuel Systems Wuhan plant, in China.
April 8, 2008Clean Diesel Technologies Sets Agreement with Chinese Firm
Clean Diesel Technologies said Tuesday it has licensed its wire mesh filter technology to Headway Machinery Co. Ltd., the largest commercial diesel engine exhaust company in China.
April 8, 2008Diesel Dips 0.9¢ to $3.955; Gas Rises to Record $3.332
The national average pump price of diesel fuel dipped 0.9 cent to $3.955 a gallon, while gasoline rose to a second straight record, the Department of Energy said Monday.
April 8, 2008OEMs Tout 2010 Engine Choices; Analyst Sees Reshaped Industry
LOUISVILLE, Ky. — As competing engine makers continued their public battle over the best technology for meeting 2010 federal emission standards, analysts said the outcome of the competition could dramatically transform the industry.
April 8, 2008Editorial: Picking an Engine Technology
As we move closer to the next federal mandate on emissions — which comes into force for 2010-model heavy-duty trucks — proponents of the two competing technologies are beginning to publicly argue over the superiority of their choices.
April 7, 2008Originally Promoted to Cut Truck Idling Emissions, APUs Now Embraced by Fleets to Save on Fuel
Auxiliary power units, initially pushed by federal and state governments to reduce air pollution despite concerns by fleet owners and owner-operators over their initial cost, are attracting more buyers who purchase them for the fuel savings, now that average diesel prices are about $4 a gallon.
April 7, 2008