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Import Prices Drop 0.2%
The price of goods imported to the United States fell for a seventh straight month in February on lower commodity costs, declining 1.1%, the Labor Department said Friday.
March 13, 2009Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Consumer Confidence Index Rises
U.S. consumer confidence rose slightly this month, but still remains near a 28-year low, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index released Friday.
March 13, 2009Trimac’s 4Q Profit Improves
Canada-based transportation firm Trimac Income Fund said its fourth-quarter profit rose to C$3 million, or 11 cents per unit, from C$2.2 million, or 9 cents, a year ago.
March 13, 2009Hours Rule Meets ‘Groundhog Day’
In a scenario eerily reminiscent of the Bill Murray movie “Groundhog Day,” a coalition of interest groups has again launched a formal legal challenge to the government’s hours-of-service rules for commercial drivers.
March 16, 2009EPA Rule Would Track Emissions as First Step to Cap-and-Trade
The U.S. Environmental Protection Agency last week took the first step toward creating a national cap-and-trade system, proposing a new rule that would establish a federal system for reporting carbon dioxide emissions and other greenhouse gases produced by large stationary and mobile sources.
March 16, 2009Obama Signs Law Ending Mexican Truck Plan but Seeks New Legislation to Open Border
President Obama signed legislation last week that killed the Transportation Department’s controversial test of longhaul cross-border trucking with Mexico, but the administration signaled it was open to resurrecting a program in the future.
March 16, 2009Diesel Declines 4.2¢ to $2.045; Gas Rises
The U.S. retail diesel fuel average dropped 4.2 cents last week to $2.045 a gallon, as the price in the Midwest fell below $2, the first time that has occurred anywhere in more than four years, the Department of Energy reported.
March 16, 2009CARB Targets ‘Carbon Intensity’ of Fuels Used for Transportation
In its continued attack on greenhouse gas emissions, the California Air Resources Board recently proposed a rule cutting the “carbon intensity” of transportation fuels.
March 16, 2009Sabo Seeks to Expand Council’s Reach
The new chairman of the Technology & Maintenance Council, Steph Sabo, said that during his term, his top priority will be reaching out to segments of the trucking industry that aren’t familiar with the group in hopes of signing up new members.
March 16, 2009Critics Again Ask U.S. Court to Void Driver Hours Rule
For the third time in five years, a coalition of interest groups has asked a federal court to overturn the Federal Motor Carrier Safety Administration’s rule governing the length of time truckers can drive and work.
March 16, 2009