Oil futures jumped for a fifth straight day Friday, shooting past $126 a barrel for the first time and closing the week near that level on the New York Mercantile Exchange, the Associated Press reported.
May 9, 2008Government, Business, Safety, Fuel, Logistics
ATA Unveils Sustainability Plan; Backs Truck Fuel-Use Standard
American Trucking Associations launched a major initiative to meet the industry’s growing fuel-price crisis, supporting for the first time national truck fuel-economy standards.
May 12, 2008Business, Equipment, Safety
Component Manufacturers Expand Overseas
Major suppliers of drivetrain components, brakes and suspension parts are following the lead of truck and engine makers by expanding production and distribution outside North America, while revamping existing operations to lower costs and develop new products.
May 12, 2008Business, Fuel, Government
Diesel Price Slips 2.8¢ to $4.149
The average price of retail diesel slipped 2.8 cents last week from its all-time record — the first decline in four weeks — as the Department of Energy released a prediction that prices would remain above $4 a gallon for the foreseeable future.
May 12, 2008Business
Oil Closes Week Near $126 a Barrel
Government, Business, Safety, Fuel
ATA Unveils Sustainability Initiative for Trucking Industry
American Trucking Associations and a group of trucking companies Thursday launched a program of initiatives to move the trucking industry toward a more sustainable future, which includes steps to reduce carbon dioxide emissions from heavy trucks.
May 8, 2008Business, Safety
Intermodal Traffic Falls 3.7% for Week
Rail intermodal traffic fell 3.7% for the week ended Saturday compared with the same week last year, the Association of American Railroads said.
May 8, 2008Business
Rush Buys N.C. Truck Dealerships
Truck dealership Rush Enterprises said Thursday it has acquired Peterbilt Carolina, which includes a Peterbilt, Hino and Isuzu heavy- and medium-duty truck dealership.
May 8, 2008Business
Quality Reports First-Quarter Loss
Tank truck carrier Quality Distribution reported a first-quarter loss of $1.9 million, or 10 cents a share, compared with a loss of $200,000, or 1 cent, in last year’s first quarter.
May 8, 2008Government, Business, Fuel
Wholesale Inventories Decline in March
Wholesale inventories fell 0.1% in March, led by a decline in crude oil supplies, the Commerce Department said Thursday.
May 8, 2008Business, Logistics
Expeditors’ First-Quarter Income Improves
Logistics firm Expeditors International of Washington said its first-quarter profit rose 12% to $66.5 million, or 30 cents a share, from $59.3 million, or 27 cents, a year ago.
May 8, 2008