Truck maker Volvo AB posted its biggest profit decline in 18 months after stricter emissions rules caused U.S. truck sales to plunge 54%, Bloomberg reported Wednesday.
July 25, 2007BusinessFuelSafetyGovernment
Paccar’s 2Q Income Dips on Lower Sales
Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit fell 19% as North American heavy-duty truck demand declined due to new U.S. clean air regulations.
July 24, 2007BusinessFuelGovernmentSafety
Forward Air’s Income Dips; Plans to Buy Indiana Carrier
Forward Air Corp., a contractor to the air cargo industry, reported its second-quarter profit declined, and the company said it would acquire an Indiana carrier.
July 24, 2007FuelBusinessLogisticsGovernment
Diesel Holds at $2.889; Gas Drops 9.1¢ to $2.958
Diesel fuel’s national average pump price held at last week’s level of $2.889 a gallon, while gasoline plunged 9.1 cents to $2.958, the Department of Energy said Monday.
July 24, 2007BusinessFuel
FedEx LTL Units Cut Fuel Surcharges
FedEx Corp.’s less-than-truckload FedEx Freight unit said Monday it will reduce its standard LTL fuel surcharge by 25%, effective immediately.
July 23, 2007FuelBusinessGovernment
Diesel Price Rises 4¢ to $2.889
The average U.S. retail price for diesel fuel reached its highest level since September last week after rising 4 cents to $2.889 a gallon, the Department of Energy reported.
July 23, 2007BusinessFuel
Oil Closes Near $76 a Barrel
Crude oil briefly touched $76 a barrel for the first time in 11 months before closing just below that level on Thursday, the Associated Press reported.
July 19, 2007BusinessFuelSafetyLogisticsGovernmentTechnologyEquipment
Trucking Groups Back Tax Breaks for Onboard Power Units
American Trucking Associations and the Canadian Trucking Alliance Tuesday urged state and provincial governments to revise their fuel tax systems to encourage truckers to use truck idling reduction technology.
July 17, 2007FuelBusinessLogisticsGovernment
Diesel Rises 4¢ to $2.889; Gas Jumps 6.8¢ to $3.049
Diesel fuel’s national average price jumped 4 cents in the past week to $2.889 a gallon, the highest price since September, the Department of Energy said Monday.
July 17, 2007