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Oil Dips from Record, Closing Just Over $118 a Barrel

Crude oil prices fell for the first time in four days Wednesday, a day after setting a closing-price record of more than $119 a barrel, Bloomberg reported.

April 23, 2008

N.H. Senate Passes Measure Offering 5% Weight Tolerance

The New Hampshire Senate passed a bill that would require law enforcement to provide a 5% overweight “tolerance” for most trucks on non-interstate roads.

April 23, 2008

Letters to the Editor: Fuel Prices, Sleep Apnea

I am interested in the feedback on fuel prices displayed in “Letters to the Editor.” Unfortunately, most of the letters did not focus on two salient facts affecting the price of oil. The first is the dismal exchange rate of the U.S. dollar versus the euro, and the second is world demand for petroleum products.

April 23, 2008

TWIC Enrollment Continues at Ports

The federal government’s Transportation Workers Identification Credential enrollment began Wednesday at three U.S. ports: Chattanooga, Tenn.; LaPorte, Texas; and Portsmouth, N.H.

April 23, 2008

Knight Reports Lower 1Q Earnings

Truckload carrier Knight Transportation’s first-quarter profit fell to $11.4 million, or 13 cents a share, from $16.6 million, or 19 cents, a year ago.

April 23, 2008

Sen. Snowe Introduces Bill to Lower Diesel Tax

Sen. Olympia Snowe (R-Maine) has introduced legislation to lower the federal tax on diesel fuel, to make it on par with the gasoline tax.

April 22, 2008

C.H. Robinson’s First-Quarter Income Improves

Transportation and logistics firm C.H. Robinson Worldwide’s first-quarter profit rose to $86.3 million, or 50 cents a share, from $73 million, or 42 cents, a year ago.

April 22, 2008

DOT Proposes Boosting Fuel Efficiency for Cars, Light Trucks

The Department of Transportation proposed Tuesday to boost fuel-efficiency standards for cars and light trucks by almost 25% by the year 2015.

April 22, 2008

TransCore Unveils Rate Index Pro Database

Trucking technology system provider TransCore said its new Rate Index Pro product will provide single-lane, real-time truckload information that can be used in pricing and contract negotiations.

April 21, 2008