Oil prices declined $2 Friday, capping an $11Â week-long plunge to finish the week near $75 a barrel, Bloomberg reported.
May 7, 2010BusinessSafety
Groups Show Support for Government’s Plan to Bar Truckers From Texting While Driving
The Federal Motor Carrier Safety Administration has broad support for its move to bar truck drivers from texting, according to public comments on the proposed rule filed with the agency.
May 10, 2010BusinessEquipment
Largest Tire Makers Hike Prices as Raw Material Costs Soar
The nation’s three largest manufacturers of commercial truck tires have raised prices for the second time this year in reaction to sharp increases in the costs of their primary components — rubber, oil and steel — although world economic developments have taken some of the air out of commodity prices.
May 10, 2010GovernmentBusinessTechnologyEquipment
ATA Asks FMCSA to Change Portions of Final EOBR Rule
American Trucking Associations, along with several key industry groups and manufacturers, asked the Federal Motor Carrier Safety Administration to change its final rule on electronic onboard recorders, saying the technical specifications laid out by the regulation were not achievable.
May 10, 2010BusinessFuel
Diesel Rises 4.4¢ to $3.122
The average retail price of U.S. diesel jumped 4.4 cents to $3.122 a gallon last week, its highest level in more than 18 months, the U.S. Department of Energy reported.
May 10, 2010BusinessLogistics
Echo’s Profit Improves in 1Q
Echo Global Logistics said its first-quarter profit jumped to $1.2 million, or 6 cents per share, compared with a loss of $200,000, or 2 cents, a year ago.
May 7, 2010Business
Payrolls, Unemployment Rate Increase in April
The U.S. unemployment rate rose to 9.9% in April from 9.7% a month earlier, even as payrolls increased by the most in four years, the Labor Department said Friday.
May 7, 2010BusinessLogistics
Intermodal Traffic Continues to Improve
Intermodal rail traffic continued its upward trend last week, rising 13.2% from the same week last year, the Association of American Railroads said.
May 7, 2010BusinessGovernmentSafetyAutonomous
Opinion: Shippers Should Put Safety First
A shipper may hire a truck for any of a variety of reasons: Perhaps there is a long distance to cover or the load requires more space than available in the trunk of a car.
May 7, 2010Business
Connecticut Passes Snow-Removal Law
Connecticut lawmakers have adopted a measure that could net drivers of trucks and cars $75 fines for not removing snow and ice from their vehicles — and fines of as high as $1,250 if ice or snow flies off and causes damage or injury.
May 6, 2010