Oil was steady early Friday after closing Thursday below $37 a barrel on the New York Mercantile Exchange, the first time it closed below $40 in more than four years, Bloomberg reported.
December 19, 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.
CARB Adopts Emission Rules; Truckers Decry Added Costs
The California Air Resources Board has adopted two new rules requiring carriers to add expensive emission-control devices to their trucks and to use fuel-saving equipment endorsed by the U.S. Environmental Protection Agency’s SmartWay program.
December 22, 2008LaHood Likely DOT Pick
President-elect Barack Obama is expected to name retiring Illinois Republican U.S. Rep. Ray LaHood to be his transportation secretary.
December 22, 2008Diesel, Gasoline Prices Decline
U.S. fuel prices continued their steep three-month declines last week, even as the cartel of oil-producing nations announced a record cut in production in an attempt to lift global oil prices in 2009.
December 22, 2008Obama Formally Nominates DOT, Labor Secretaries
President-elect Barack Obama Friday formally named Rep. Ray LaHood (R-Ill.) to be his Transportation Secretary and Rep. Hilda Solis (D-Calif.) to be Secretary of Labor.
December 19, 2008Cummins’ Emissions Unit Lays Off 100 at Wisconsin Plant
Diesel engine maker Cummins Inc.’s emissions subsidiary will lay off about 100 workers at a Wisconsin plant, effective immediately, because of the slumping North American truck market, the company said.
December 19, 2008Government Approves $17.4 Billion Auto Industry Bailout
The Bush administration Friday approved an emergency $17.4 billion bailout of the U.S. auto industry, offering loans in exchange for concessions from automakers and their workers, the Associated Press reported.
December 19, 2008Ryder to Cut 700 U.S. Jobs; Scale Back International Business
Ryder System will scale back its international business and cut 700 U.S. jobs while temporarily laying off 1,425 workers and focusing its operations on the United States, Canada, Mexico and the United Kingdom.
December 19, 2008ATA Report Shows Increase in Trucking Miles
Class 8 trucks rolled up 139.3 billion miles in 2006, up from 130.5 billion in 2005, according to American Trucking Associations’ American Trucking Trends 2008-2009 report, released this week.
December 19, 2008TMA Names New President
The Truck Manufacturers Association has named Timothy Blubaugh as its president.
December 19, 2008Trending
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