Truck maker Paccar Inc. said Tuesday it will undertake a 3-for-2 split its stock and increase its quarterly dividend by 8%.
September 11, 2007GovernmentBusinessSafety
FMCSA Finishes Initial Testing of Technology for Wireless Roadside Vehicle Inspections
The Federal Motor Carrier Safety Administration said it successfully completed phase-one testing of wireless roadside inspection technology for commercial vehicles.
September 12, 2007BusinessGovernmentSafety
Letters to the Editor: Opening the Borders, HOS (Cont’d.)
If the U.S. Department of Transportation grants entry to a Mexican truck, Transport Canada won’t do anything to keep it out of Canada.
September 12, 2007BusinessFuelGovernment
Diesel Prices to Peak This Month, DOE Says
Retail diesel prices will peak this month before beginning a slow decline through the end of the year, the Energy Department said Tuesday.
September 11, 2007Business
U.S. Xpress Execs Boost Offer
U.S. Xpress Enterprises executives said they boosted the company’s buyout offer to take the company private by 10 cents a share, to $20.10 per share.
September 11, 2007BusinessGovernmentFuel
Oil Closes at Record $78.23 a Barrel
Crude oil rose to a record closing price of $78.23 a barrel Tuesday on speculation that OPEC’s agreement to boost production by 500,000 barrels a day will fall short of rising demand, Bloomberg reported.
September 11, 2007FuelBusinessLogisticsGovernment
Diesel Gains 3.1¢ to $2.924
The average national retail price of diesel fuel rose 3.1 cents to $2.924 a gallon, the Department of Energy said Monday.
September 11, 2007GovernmentBusiness
Senate OKs $1 Billion for Bridge Repairs
The Senate Monday approved $1 billion to repair and replacement U.S. bridges, six weeks after the Interstate 35W span collapsed in Minneapolis, the Associated Press reported late Monday.
September 11, 2007BusinessSafetyGovernment
DOT Sets Funding Plan for Highway ‘Corridors of the Future’
The Department of Transportation said Monday that six major interstate routes will be the first to participate in a new federal initiative called “Corridors of the Future” to develop multi-state corridors to help reduce congestion.
September 10, 2007GovernmentBusinessSafetyFuel
California Targets Oldest Trucks in New Emissions Proposal
A proposed California Air Resources Board regulation would force the owners of an estimated 80,000 trucks built before 1994 to remove them from the state’s roads by 2009, a trucking official said.
September 10, 2007