The Department of Transportation’s plan to privatize many public roadways by using more tolls has come under intense criticism by those who believe the federal highway system was set up to be paid for by taxpayers, the Washington Post reported Monday.
March 17, 2008Fuel, Business, Safety, Government
ATA Projects Record Diesel Fuel Costs for 2008
American Trucking Associations is projecting a record high diesel fuel bill for the trucking industry this year, at $135 billion.
March 17, 2008Fuel, Business
Volvo Displays ‘Green’ Trucks to Run on Alternative Fuels
WASHINGTON — Global truck producer Volvo AB recently demonstrated trucks that can run on one of seven different alternative fuels, but company officials said they could not forecast when an over-the-road model of any of these seven trucks might be available.
March 17, 2008Business, Fuel, Logistics
Schneider Sets Fuel-Hauling Service
Truckload carrier Schneider National said Monday it has added fuel-hauling capabilities to its bulk hauling division.
March 17, 2008Business, Technology, Equipment, Safety
Navistar, BAE Awarded Military Truck Order
Navistar International Corp. and BAE Systems won 99% of a $1.1 billion Pentagon order for blast-resistant trucks, Bloomberg reported.
March 17, 2008Business, Government
New York State Manufacturing Index Falls to Record Low
Manufacturing growth in New York state fell to the lowest rate ever in March, the Federal Reserve Bank of New York said Monday.
March 17, 2008Business, Safety, Government, Technology, Equipment
DOT’s Road-Privatization Policy Draws Criticism
Government, Business
Chicago Mercantile Exchange Buying Nymex for $9.5 Billion
The parent company of the Chicago Mercantile Exchange and the Chicago Board of Trade said Monday it would buy the owner of the New York Mercantile Exchange for $9.5 billion, the Associated Press reported.
March 17, 2008Business, Government
Fed Cuts Lending Rate in Move to Stem Market Slide
The Federal Reserve Sunday cut the rate on direct loans to banks and became lender of last resort to the biggest dealers in U.S. government bonds, Bloomberg reported.
March 17, 2008Business
Volvo, Union Agree on Contract to End Seven-Week Strike
Volvo Trucks North America and the United Auto Workers said they reached a tentative agreement for a new three-year contract at Volvo’s Virginia heavy-duty truck assembly plant, where about 2,600 workers have been on strike since Feb. 1.
March 17, 2008Business, Fuel
Con-way Drops Truck Speeds to Cut Carbon, Save on Fuel
Less-than-truckload carrier Con-way Freight announced last week that it will set speed governors on its trucks at a maximum of 62 mph, down from 65 mph — a move the company said will cut its diesel consumption by about 3.2 million gallons a year.
March 17, 2008