Trucking Consolidation Seen Benefiting Surviving Firms
Soaring fuel prices have driven trucking bankruptcies up 143% over the same time last year, and industry analysts said the market may need to consolidate more before it improves for those companies that survive, the Associated Press reported.
June 10, 2008TT Podcasts: RoadSigns
Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.
U.S. Trade Deficit Jumps 7.8% on Energy Costs
The U.S. trade deficit grew 7.8% in April to the highest level in more than a year, on surging energy costs, the Commerce Department said Tuesday.
June 10, 2008Diesel Falls 1.5¢ to $4.692; Gas Tops $4 for First Time
The national average price of diesel fuel fell for a second straight week, dipping 1.5 cents to $4.692 a gallon, while gasoline rose above $4 for the first time, the Department of Energy said Monday.
June 10, 2008Saudi Arabia Seeks Meeting on Oil Prices
Saudi Arabia plans to call for a summit between oil-producing and consuming nations to discuss soaring crude prices, the Associated Press reported Monday.
June 9, 2008Congress Tackles ‘Splash-and-Dash’ Loophole Giving Tax Credit for Exported Biodiesel
Two bills circulating in Congress would eliminate a loophole that permits foreign producers of biodiesel to get a tax credit if they “splash” their product with petroleum-based diesel in the United States and then sell it overseas.
June 9, 2008Conn. Truck Inspections Drop 20%
Connecticut’s truck inspections fell 20% to about 18,600 in 2007, compared with a year earlier, the Hartford Courant reported.
June 9, 2008I-5 Bridge Plan Approved in Oregon
The regional government of the Portland, Ore., area is backing a new Interstate 5 bridge over the Columbia River, the Associated Press reported.
June 9, 2008OEMs Avoid Price Cuts Despite Truck Sales Slump
Heavy-truck manufacturers have refrained from cutting prices or offering large rebates and other significant incentives, partly because their sales overseas are strong and help offset a second straight year of falling domestic sales, analysts and dealers said.
June 9, 2008Diesel Price Dips 1.6¢ to $4.707 a Gallon
The U.S. average diesel price took a break last week from its dizzying climb, dipping 1.6 cents a gallon to $4.707, the Department of Energy reported.
June 9, 2008Roadcheck 2008 Runs Through Thursday
The three-day Roadcheck 2008, targeting thousands of trucks in the United States, Canada and Mexico, concludes Thursday, as officials inspect thousands of trucks around North America for potential safety violations.
June 5, 2008