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Oil Rises to Near $95 a Barrel

Oil prices rose to near $95 a barrel early Wednesday on forecasts that crude inventories will continue to decline, the Associated Press reported.

December 26, 2007

Diesel Dips 0.1¢ to $3.308

The average price of retail diesel fuel fell 0.1 cent from a week ago to $3.308 a gallon, the Department of Energy said Wednesday.

December 26, 2007

FMCSA Proposes New CDL Requirements

Commercial driver licenses applicants would be required to complete classroom and behind-the-wheel training from an accredited program, under a proposed new federal rule announced Wednesday.

December 26, 2007

Trucking in 2007 Faced Economic, Regulatory Challenges

Trucking faced challenges on all fronts in 2007 as credit woes curtailed economic activity, a federal appeals court overturned key provisions of rules governing driver hours and truck equipment suppliers endured another precipitous — but not unexpected — sales slump

December 24, 2007

November Truck Sales Fall 54.3%

Class 8 truck sales in the United States continued to scrape along the bottom in November, with original equipment manufacturers selling 10,309 vehicles — down 54.3% from the 22,539 they sold a year ago.

December 24, 2007

Lautenberg Pans Revised HOS; Advocacy Groups Go to Court

WASHINGTON — The chairman of the Senate Commerce Committee’s panel on surface transportation called the Federal Motor Carrier Safety Administration’s revised hours-of-service rule “a sham,” while advocacy groups asked a federal court to once again overturn portions of the rule.

December 24, 2007

YRC Gains Labor Flexibility

On the heels of YRC Worldwide’s settlement with the Teamsters union on a new five-year labor contract with in-creased work-rule flexibility, ABF Freight System said it will offer an ambitious proposal to spend about $825 million to “withdraw from all of the 27 multi-employer pension plans to which we contribute.”

December 24, 2007

EU Seeking Truck Emissions Cuts

European truck makers would have to cut urban air pollution in the European Union as much as 80% under new draft EU rules that would move Europe closer to U.S. standards, Bloomberg reported Friday.

December 21, 2007

November Personal Spending Jumps 1.1%

Consumer personal spending jumped 1.1% in November, the Commerce Department said Friday.

December 21, 2007