Oil fell to finish trading below $100 a barrel Friday, taking its biggest drop in four weeks on indications that Saudi Arabia will boost output next month, Bloomberg reported.
June 10, 2011Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Class 8 Truck Orders Soar
Orders for new Class 8 trucks in North America jumped 85% in May compared with a year ago, and manufacturers said component shortages — particularly axles and tires — were affecting output.
June 13, 2011Pressure Builds to Raise Pay for Drivers as Demand Grows
As drivers and hauling capacity become scarcer, pressure is building for pay increases for truckload fleet drivers that could top 10% by this time next year, according to several experts.
June 13, 2011Mississippi Fleets’ CSA Scores Jeopardized When Political Dispute Stalls 30,000 Reports
Mississippi officials said a behind-the-scenes political dispute prevented the uploading of about 30,000 commercial motor vehicle roadside inspection reports into the Federal Motor Carrier Safety Administration’s database — probably affecting the safety scores of the large number of motor carriers who received state inspections.
June 13, 2011Roadcheck 2011 Focuses Inspections on Equipment, Health of Drivers
DUMFRIES, Va. — Commercial vehicle safety inspectors conducted their annual Roadcheck event last week, a 72-hour period of concentrated inspections on highways in the United States, Canada and Mexico.
June 13, 2011Michigan Lawmakers Propose Partnership for New Bridge Between Detroit, Ontario
A new bill introduced in the Michigan legislature would allow the state and Canada to build a long-awaited bridge between Detroit and Windsor, Ontario, a project vigorously supported by truckers, automakers and labor unions in the Great Lakes region.
June 13, 2011EPA Urges Better Monitoring of SCR Emission Systems
The Environmental Protection Agency last week updated its guidance for certification of heavy-duty truck engines using selective catalytic reduction to reduce emissions, rejecting claims made last year by truck maker Navistar Inc. that the technology can be easily defeated.
June 13, 2011Navistar Second-Quarter Net Income Rises 72%
Navistar International Corp. last week reported net income for its fiscal second quarter jumped 72% and predicted sharp increases in production, sales and profits during the second half of the year.
June 13, 2011Diesel Fuel Price Drifts Down to $3.94 Following Fifth Straight Decline
U.S. retail diesel prices dipped 0.8 cent a gallon last week, the fifth consecutive weekly decline, as the national average declined to $3.94, the Department of Energy reported.
June 13, 2011PenserSC, ICS Logistics Sign Transportation Contract
Third-party logistics firms PenserSC and ICS Logistics said they have agreed to a trucking and transportation services contract.
June 10, 2011Trending
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