Soaring gasoline prices, pushed by record crude oil prices, are causing U.S. consumers to reduce consumption of gasoline, the Wall Street Journal reported Monday.
March 3, 2008GovernmentBusiness
Construction Spending Falls 1.7%
Construction spending fell 1.7% in January, the Commerce Department said Monday.
March 3, 2008BusinessSafetyTechnologyEquipment
Volvo Invests in Anti-Theft System Based on Radio Technology
Volvo AB, parent company of Volvo Trucks North America and Mack Trucks Inc., said it was working on a new tractor-trailer anti-theft system based on intelligent radio technology and sensors.
March 3, 2008BusinessLogistics
Wright Express Completes Pacific Pride Acquisition
Wright Express Corp., which provides payment processing and information management services to fleets, said Monday it completed its $32 million acquisition of privately held Pacific Pride Services.
March 3, 2008GovernmentBusinessSafetyEquipment
CMV to Update Cadec’s Customers
Cadec Global, provider of fleet management software, and CMV Safety Consulting Inc. said they formed a partnership to keep Cadec customers up-to-date on North American trucking regulation changes.
March 3, 2008BusinessTechnologyEquipmentSafety
Coca-Cola Buys 120 Eaton Hybrid Trucks
Component manufacturer Eaton Corp. said that Coca-Cola Enterprises has purchased 120 new trucks for 2008 delivery, powered by Eaton’s hybrid electric drivetrain system, Bloomberg reported.
March 3, 2008BusinessSafetyGovernment
January Truck Tonnage Grows 5.3%
Truck tonnage in January posted its biggest gain since the beginning of 2005, climbing 5.3% above year-ago levels and marking the third consecutive increase for the monthly index, American Trucking Associations reported Feb. 26.
March 3, 2008GovernmentBusinessSafetyFuel
Fleets Search for Savings Through Strategic Equipment Purchases
With fuel prices at a record and the economy teetering at the brink of a recession that could cut into carrier revenue, some truckload carriers are pushing harder for savings by using lighter trailers, limiting idling to save fuel and shortening trade-in cycles.
March 3, 2008FuelBusinessGovernment
B.C. Proposes Carbon Tax to Spur Emissions Reductions
The British Columbia government is planning to impose a carbon tax on fossil fuels beginning on July 1, the most comprehensive tax of its kind in North America.
March 3, 2008FuelBusinessGovernment
Editorial: Skyrocketing Fuel Prices Add Pain
As if a slowing economy, depressed housing and auto markets and sharply rising consumer prices aren’t bad enough news for trucking, fuel prices are skyrocketing again.
March 3, 2008