Three major automakers reported their June sales plunged as fuel prices reached record levels, Bloomberg reported Tuesday.
July 1, 2008Government, Business, Safety
Letters to the Editor: Speed Limiters, Driver Culture, Don't Involve Feds
Hey, no problem — go ahead and limit the speed. That’s what you would expect from a socialist country. The truckers will simply move south — to a free country.
July 2, 2008Business
Penske Automotive Buys Stake in Truck-Leasing Venture
Penske Automotive Group bought a 9% stake in Penske Truck Leasing Co. from a General Electric Co. unit for $219 million, Bloomberg reported.
July 2, 2008Fuel, Business, Government
Truckers Protest in England, India
Truckers protested high fuel prices in London and in India Wednesday, blocking streets and parking rigs, Bloomberg reported.
July 2, 2008Business, Government
ArvinMeritor Forecasts Higher 3Q Sales
ArvinMeritor Inc. said Wednesday that its fiscal third-quarter sales will rise as much as 20% to $2 billion on higher demand in Asia and South America, and for military products in North America.
July 2, 2008Business, Fuel
Oil Closes at Record Just Short of $141 a Barrel
Oil closed at a record just short of $141 a barrel on Tuesday, following an International Energy Agency report said supplies may lag behind demand for the next five years, Bloomberg reported.
July 1, 2008Fuel, Business, Government
Auto Sales Plunge, Led by Decline in Pickups, SUVs
Fuel, Business, Logistics
Diesel Dips 0.3¢ to $4.645; Gas Hits Record $4.095
Diesel fuel’s national retail pump average declined 0.3 cent to $4.645 a gallon, the Energy Department reported.
July 1, 2008Business, Safety, Government
ISM Factory Index Shows Expansion
U.S. manufacturing levels expanded in June for the first time in five months, the Institute for Supply Management said Tuesday.
July 1, 2008Government, Business
Construction Spending Falls 0.4%
Construction spending fell 0.4% in May, the Commerce Department said Tuesday.
July 1, 2008Business, Fuel, Safety, Government
Truck Stops See Increase in Diesel Thefts as Fuel Prices Soar
An executive with Pilot Travel Centers said the number of diesel fuel thefts has soared this year.
July 1, 2008