Oil surged by a record $16.37 Monday, touching $130 a barrel before receding to close above $120, Bloomberg reported.
September 22, 2008Trucking 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.
Union Pacific Boosts 3Q Earnings Forecast
Freight railroad Union Pacific Corp. Tuesday boosted its third-quarter earnings forecast due to lower fuel prices and improved operating efficiency.
September 23, 2008Congress May Link Change in Truck Size to Vehicle Miles Tax, DeFazio Says
WASHINGTON — Congress may link any change in truck size- and-weight limits in upcoming highway legislation to a new commercial vehicle-miles-traveled tax, Rep. Peter DeFazio (D-Ore.), chairman of the House Highway and Transit Subcommittee, said last week.
September 23, 2008Oil Falls Below $107 Following Record Increase
A day after a record rise, oil fell to close below $107 a barrel, as continued uncertainty over a U.S. financial bailout plan and a stronger U.S. dollar led investors to shed commodities, the Associated Press reported.
September 23, 2008Port of Oakland Issuing Funds for Truck Emissions Systems
More than 1,500 truckers at the Port of Oakland, Calif., have applied for 1,000 subsidies to retrofit their trucks to reduce emissions, the San Francisco Business Times reported Monday.
September 22, 2008NTSB Says New Technologies Could Help Alert Tired Truckers
Trucking companies could do more to enforce rules that drivers get enough rest, and the government should consider moving toward mandating the use of new technologies to alert tired truckers, the Associated Press reported.
September 22, 2008Collision-Warning System an Option for Freightliner
Heavy-duty truck components supplier Eaton Corp. said its Vorad VS-400 collision-warning system has become a factory-installed option on all Freightliner Cascadia, Century and Columbia Class 8 trucks.
September 22, 2008Driver Turnover Plummets
Driver turnover rates in the second quarter reached the lowest level in at least eight years as opportunities to switch employers were reduced by carriers’ decisions to trim their fleets in a sluggish freight market.
September 22, 2008New Highway Bill to Top Agenda When ATA Meets in New Orleans
When members of American Trucking Associations gather next month in New Orleans, the main topic of discussion will be the 2009 federal highway bill, ATA President Bill Graves said.
September 22, 2008August Class 8 Truck Sales Rise 9.2%
Heavy-duty U.S. truck sales grew for a third straight month in Au-gust, but at a still anemic rate over a weak August 2007, according to the latest monthly survey by WardsAuto.com.
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