The national average price of regular gasoline jumped 25 cents over the past three weeks to $2.30 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
May 18, 2009Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Obama Unveils New Emissions Standards
President Obama Tuesday outlined his administration’s comprehensive plan to curb emissions from cars and light trucks, saying the rules would cut dependence on imported oil and move the United States toward a “clean energy” economy, the Associated Press reported.
May 19, 2009Caterpillar to Cut Worker Hours at Ind. Engine Plant
Heavy equipment and diesel engine maker Caterpillar Inc. said it will cut hours at least in half for 985 workers in its Lafayette, Ind., plant, the Associated Press reported Monday.
May 18, 2009Diesel Rises 1.5¢ to $2.231; Gas Gains 6.9¢
The national average price of diesel fuel rose for a second straight week, gaining 1.5 cents to $2.231 a gallon, the Department of Energy said.
May 19, 2009Consumer Confidence Highest Since September
U.S. consumer confidence has improved to the highest level since September, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
May 15, 2009YRC to Apply for Bailout Funds, Journal Says
Less-than-truckload carrier YRC Worldwide plans to ask for $1 billion in federal bailout money to help relieve its pension obligations, the Wall Street Journal reported Friday.
May 15, 2009April Consumer Price Index Unchanged
The consumer price index was unchanged in April, though prices excluding food and fuel rose, the Labor Department said Friday.
May 15, 2009New York Manufacturing Index Improves
Manufacturing activity in the New York region contracted the least since August this month, the Federal Reserve Bank of New York said Friday.
May 15, 2009Trucking Hit by ‘Perfect Storm,’ Hebe Says
SAN DIEGO — A “perfect storm” of a nose-diving economy, high fuel prices and governmental missteps have all combined to ravage the trucking industry and the companies that supply its equipment, according to Jim Hebe, senior vice president of North American sales for Navistar Inc.
May 18, 2009YRC in Talks With Lenders
YRC Worldwide Inc. said last week it was talking with lenders about a possible third renegotiation of its credit agreement, and that it had deferred almost $40 million in pension-fund payments.
May 18, 2009