Oil prices dropped sharply Tuesday, declining $4 to near $97 a barrel on lower demand in Japan due to the big earthquake and subsequent nuclear crisis in that country, Bloomberg reported.
March 15, 2011Business, Fuel
Oil Drops $4 to Near $97 a Barrel
Business
February Import Prices Rise 1.4%
The price of goods imported to the United States rose 1.4% in February, the Labor Department said Tuesday.
March 15, 2011Government, Business
Comments to Hours-of-Service Rule Rewrite Top 20,000
The number of comments on the Federal Motor Carrier Safety Association’s proposed revised hours-of-service regulation has topped 20,000 — the most for any current rule being considered.
March 15, 2011Government, Business, Technology, Equipment
Truckload Carriers Back Electronic Logging for HOS
The Truckload Carriers Association has voted to support the mandated use of “electronic logging devices” to ensure compliance with hours-of-service regulations.
March 15, 2011Business
FMCSA: Carriers May Ignore Cargo Insurance Warning Letters
The Federal Motor Carrier Safety Administration said motor carriers that received notices of investigation for revocation of authority based on cancellation of their cargo insurance policies on or after March 21 “need not respond to such letters if they have a service date of Feb. 19 or after.”
March 15, 2011Government, Business, Safety
ATA Seeks Hazmat Rule Change
American Trucking Associations has petitioned federal regulators to issue a new rule to clarify that hazardous material packages should normally be inspected at the point of loading or unloading, and not during roadside inspections.
March 15, 2011Business, Fuel
Diesel Rises for 15th Straight Week, Gaining 3.7¢ to $3.908 a Gallon
Diesel rose for the 15th straight week, increasing 3.7 cents to a national average of $3.908 a gallon, while gasoline gained almost a nickel, the Department of Energy said Monday.
March 15, 2011Fuel, Business, Technology
inthinc Launches Web-Based Driver Scorecard
Telematics provider inthinc Technology Solutions Inc. said it launched a Web-based portal for its driver performance-rating product.
March 14, 2011Business, Technology
ZoomSafer Raises More Private Capital
ZoomSafer, a Reston, Va., company that makes software to prevent mobile-phone use by drivers behind the wheel, said it raised $1.1 million from White Birch Capital and SugarOak Holdings.
March 14, 2011Business, Fuel
Oil Falls to Two-Week Low Under $100
Oil fell to a two-week low Monday to less than $100 a barrel in part due to concerns that Japan’s big earthquake Friday will hurt growth and reduce fuel demand in that country’s economy, the world’s third-largest, Bloomberg reported.
March 14, 2011