The national average price of diesel fuel fell for a second straight week, dropping 2 cents to $2.201 a gallon, the Department of Energy said Monday.
April 28, 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.
Cabinet Officials Back Push for Cap-and-Trade Proposal
A trio of Obama administration cabinet-level officials last week rejected claims that the carbon emissions cap-and-trade bill would result in massive U.S. job losses and large increases in consumer utility and fuel bills.
April 27, 2009Trucking Faces Core Changes, Hebe Says
OXON HILL, Md. — The entire North American trucking industry is in the midst of a fundamental reshaping, which will lead to flat tonnage levels for fleets and fewer truck manufacturers producing much more expensive vehicles and mostly in Mexico, said a senior executive of Navistar Inc.
April 27, 2009Ontario to Allow Double 53-Foot Trailers on Some Roads in 1-Year Pilot Program
The Ontario Ministry of Transportation said it will begin issuing permits this summer allowing double, 53-foot trailers on selected highways in the province.
April 27, 2009Court Backs FedEx Claim on Mass. Drivers
FedEx Corp.’s package delivery unit won a victory in its ongoing battle over the classification of its drivers when a federal appeals court ruled April 21 that a handful of Massachusetts drivers were wrongly classified as employees with the ability to unionize, instead of as independent contractors.
April 27, 2009Shippers Oppose Petition By Union Pacific Seeking STB Permission to Decline Hazmat
Union Pacific Corp.’s petition seeking Surface Transportation Board permission to limit the railroad’s common carrier freight-hauling responsibilities has elicited a common response from nearly all other interested parties: Absolutely not.
April 27, 2009Companies Pushing for Higher Premiums to Compensate for Losses on Investments
The long downward trend in insurance rates for fleets may be coming to an end as more insurers push for higher premiums to make up for investment losses and as fewer underwriters compete for the business.
April 27, 2009Two Bills Target Road Lease Deals
Prominent members of the Senate’s tax-writing finance committee introduced legislation April 23 that would pare back the tax benefits private companies gain from leasing public highways, making those privatization deals less attractive to investors.
April 27, 2009High Inventory Levels Hinder U.S. Recovery
Economic recovery for trucking probably still is several months away, based on steep increases in retail and industrial inventories, according to several industry officials and analysts.
April 27, 2009Fleet Bankruptcy Pace Slows
Lower fuel prices, along with the assistance of some forgiving financiers, limited the number of first-quarter trucking bankruptcies to 480, slightly more than in the last three months of 2008, but far below the 935 firms that failed in the corresponding period a year ago.
April 27, 2009