Oil fell more than $1 Friday to close the trading week below $70 a barrel, Bloomberg reported.
June 26, 2009Trucking 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.
Republicans Criticize Early Vote on Cap-and-Trade Bill in House
House Democratic leaders said they hoped to pass a controversial cap-and-trade bill late last week, despite vocal protests by Republicans who said the complex legislation amounts to a large tax increase and needs more time for debate.
June 29, 2009YRC, Teamsters Set Talks on Cost-Cutting
YRC Worldwide Inc. and the Teamsters union planned to return to the bargaining table June 29 to pursue additional cost-cutting steps that would help the less-than-truckload carrier cope with current financial difficulties.
June 29, 2009Diesel Rises 4.4¢ to $2.616
The U.S. average diesel price rose 4.4 cents a gallon last week to $2.616, the seventh straight weekly increase that has pushed it up by 43.1 cents to the highest level in nearly eight months.
June 29, 2009Experts at Michigan Conference Urge Push for Longer, Heavier Trucks
ANN ARBOR, Mich. — The U.S. trucking industry is falling behind its international counterparts in switching to higher-productivity vehicles
June 29, 2009Rebound in Trucking Company Share Prices May Be Fragile, Analysts Warn
Trucking stocks have rallied over the past four months despite the sour U.S. economic conditions, but the recent rise in shares is a fragile one, analysts warned.
June 29, 2009Maersk to Charge Lease Fee for Intermodal Chassis
The world’s largest ocean container shipping company, Maersk Line, said it will begin charging leasing fees to local truckers who use their intermodal chassis, which traditionally have been free.
June 29, 2009House Panel Leaders Resist Bid to Stall Highway Funding Bill
WASHINGTON — House transportation leaders appeared isolated last week, as several prominent senators endorsed a bid by the Obama administration to postpone working on a major surface transportation-funding bill until 2010.
June 29, 2009’07 Engines Run Cleaner Than Federal Standards
Over-the-highway trucks and buses with 2007 engine technology ran nearly 90% cleaner than required by federal emission standards for diesel particulate matter, the key pollutant targeted that year, a recent study has found.
June 29, 2009Panel OKs Draft Funding Bill That Includes EOBR Mandate
WASHINGTON — A key House subcommittee last week approved the framework for a new six-year surface transportation plan proposed by transportation committee leaders.
June 29, 2009Oil Closes Week Below $70
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