Oil finished the week at a nine-month high over $103 a barrel and took its biggest weekly gain this year, as signs of an improving U.S. economy and progress on a bailout for Greece boosted projected fuel demand, Bloomberg reported.
February 17, 2012Search
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Improved LTL Pricing Can Increase Profits, Beat 3PL Competition, Execs Tell Conference
CORAL GABLES, Fla. — Less-than-truckload carriers need to improve their pricing discipline and sophistication to boost profits in a market where rate-driven, third-party logistics operators are playing a growing role, LTL executives said.
February 20, 2012Congress Drops Tax Break; Incentive Boosted 2011 Sales
Congress last week dropped a proposed extension of a tax break, credited with dramatically boosting truck sales in 2011, from a bill that extends the federal payroll-tax holiday, but a Democratic lawmaker said the tax incentive could be passed later in the year.
February 20, 2012Obama’s 2012 Budget Devotes $476 Billion to Transportation, Job-Creating Projects
President Obama last week proposed spending $476 billion on transportation over the coming six years in a plan that includes $50 billion for immediate infrastructure spending to spur job creation.
February 20, 2012Diesel Climbs 8.7¢ to $3.943; Fuel Price Highest Since November
Retail diesel prices hit their highest levels in three months last week, jumping 8.7 cents to $3.943 a gallon, the Department of Energy reported.
February 20, 2012EPA Opens Probe of Navistar Engines; Alleges 2009 Units Assembled in 2010
The Environmental Protection Agency is investigating whether Navistar Inc. completed assembly of 7,600 heavy-duty 2009 model truck engines in 2010, thereby making them noncompliant with current emission regulations.
February 20, 2012Engine Report, Carbon Emissions Top Agenda at Maintenance Council’s Annual Meeting
Fleet maintenance directors and their suppliers will return to Tampa, Fla., this week to discuss ever more complicated techniques for eking out new slender margins of efficiency to keep the nation’s trucks rolling down highways longer and more smoothly.
February 20, 2012ATA Files Lawsuit to Challenge FMCSA’s New Hours Rule
American Trucking Associations has asked a federal appeals court to throw out the Federal Motor Carrier Safety Administration’s recently published hours-of-service rule and is likely to challenge specifically the rule’s 34-hour restart provision.
February 20, 2012Class 8 Truck Sales Jump 52.9%
U.S. Class 8 truck sales grew sharply in January, jumping 52.9% compared with the first month of 2011, as all manufacturers posted gains of more than 40%, with the exception of Volvo Trucks, which dropped 5.2%.
February 20, 2012Leading Indicators Rise in December
An index of leading economic indicators rose in December for a third straight month, the New York-based Conference Board said Thursday.
February 17, 2012