The main funding vehicle for the U.S. highway infrastructure will be exhausted by next year, according to a transportation expert, the Wall Street Journal reported Wednesday.
April 9, 2008BusinessSafetyGovernment
Opinion: Costly, Ineffective New Federal Training Rules
Safety is the paramount goal of every motor carrier. From intensive driver training to using the finest technology available, the trucking industry strives to uphold the highest safety standards while ensuring the smooth and steady flow of cargo on our nation’s highways.
April 9, 2008BusinessGovernment
Daimler’s Earnings to Rise on Growth in Russia, China
Daimler AG said Wednesday its sales and profit will rise this year on higher demand from emerging economies such as Russia and China, outweighing a weaker U.S. economy, Bloomberg reported.
April 9, 2008Business
Freightliner to Cut Work Force at N.C. Plant
Freightliner Trucks plans to lay off about 1,500 workers at a North Carolina truck plant, the Charlotte Observer reported.
April 9, 2008BusinessSafetyGovernment
Jevic to Close Ohio Terminal
Jevic Transportation said it plans to close a facility in West Chester Township, Ohio, in June, the Hamilton (Ohio) News-Journal reported.
April 9, 2008GovernmentBusinessSafety
Fed Minutes Cite Concern Over Economic Contraction
Federal Reserve officials anticipated that the U.S. economy will shrink in the first half of the year, while noting concerns about a possible “prolonged and severe economic downturn,” when they cut interest rates last month, according to the minutes of the meeting released Tuesday.
April 8, 2008BusinessFuelGovernment
DOE Again Boosts Diesel, Gasoline Price Forecast
The Department of Energy again sharply boosted its projection for both diesel and gasoline prices, saying diesel will average $3.90 a gallon this month, while gas will peak at $3.60 this spring but could top $4 this summer.
April 8, 2008FuelBusinessGovernmentTechnologyEquipmentSafety
Cummins Begins Production at Chinese Fuel Systems Plant
Diesel engine maker Cummins Inc. said Tuesday it opened its first fuel systems manufacturing site outside of North America, the Cummins Fuel Systems Wuhan plant, in China.
April 8, 2008GovernmentBusinessFuel
Clean Diesel Technologies Sets Agreement with Chinese Firm
Clean Diesel Technologies said Tuesday it has licensed its wire mesh filter technology to Headway Machinery Co. Ltd., the largest commercial diesel engine exhaust company in China.
April 8, 2008