Nine of the Federal Reserve’s 12 districts reported that economic conditions weakened from late February through early April, and the Fed said record high fuel costs were hurting trucking companies who were struggling to pass on the soaring costs to customers.
April 16, 2008Search
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Diesel Average Tops $4 for First Time
Retail diesel surged 10.4 cents to $4.059 a gallon, the first time the national average price has crossed above $4, the Department of Energy reported. Also last week, both the U.S. gasoline average and crude oil prices set new records.
April 21, 2008
Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
Lenders Tighten Standards for Truckers Seeking Credit
Rising fuel costs, weakening demand for freight hauling and the subprime lending crisis are making it tougher for drivers and trucking companies to qualify for financing to buy equipment.
April 21, 2008Consumer Price Index Gains 0.3% in March
The consumer price index rose 0.3% in March, led by higher fuel and food prices, the Labor Department said Wednesday.
April 16, 2008Analysts Predict Lower Profits for Trucking in First Quarter
Unfavorable economic trends and fuel prices will collaborate to propel trucking companies’ first-quarter earnings below year-ago levels and will lead to a shrinkage of the fleet in the truckload sector, industry analysts said.
April 14, 2008Larger Trucks More Efficient, Reduce Emissions, Study Says
The use of heavier trucks can be an effective way for the industry to reduce fuel consumption and emissions, a new study by the American Transportation Research Institute said.
April 15, 2008Diesel Average Tops $4 for First Time; Oil, Gas at Records
Diesel fuel’s national average price broke the $4 barrier for the first time, jumping 10.4 cents to $4.059 a gallon, the Energy Department said Monday.
April 15, 2008DOE Says 89% of Biodiesel Met Standards In 2006; Trucking Calls Rate Unacceptable
Nearly 90% of the biodiesel available for sale in the United States meets the established standards for quality, an improvement over past surveys but still an unacceptable situation for trucking, a new report by the Department of Energy said.
April 14, 2008Oil Closes Week Above $110
Crude oil futures closed the trading week at more than $110 a barrel, despite an International Energy Agency report issued Friday that showed declining world demand, Bloomberg reported.
April 11, 2008TMC Chairman Hilton Says Council Will Seek ‘Heavy-Duty’ Service Members
Brent Hilton, the 2008 chairman of the Technology & Maintenance Council, said one of the focuses of his term will be to increase membership among service dealerships that perform essential “heavy-duty” maintenance for trucking.
April 16, 2008