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ATA Seeks Commodities Markets Transparency

American Trucking Associations Monday called on Congress to increase the transparency of commodities futures markets and impose reasonable aggregate position limits on energy commodities, in an effort to stem the price spikes and record high prices of last summer.

June 22, 2009

Senate Panel Approves Renewable Energy Bill

The Senate Energy and Natural Resources Committee has approved legislation that would open more of the eastern Gulf of Mexico to oil and gas drilling, Bloomberg reported.

June 22, 2009

Volvo Chooses DEF Supplier

Volvo Trucks North America said that it has chosen Terra Environmental Technologies to supply its dealers with retail-size containers of diesel exhaust fluid and to put the companys product in new Volvo trucks.

June 22, 2009

Diesel Rises 4.4瞽 to $2.616 a Gallon

Diesel fuels national average price rose for the seventh straight week, gaining 4.4 cents to $2.616 a gallon, the Energy Department said.

June 23, 2009

Mass. Transportation Plan Delays Toll Increase

The Massachusetts Senate has approved a transportation reform bill that would avoid a planned toll increase in tollsand would abolish the Massachusetts Turnpike Authority by the end of the year, the Associated Press reported.

June 19, 2009

Letters: Wise Up, 3PLs

I know were in a national recession, money and credit are very tight and the banks are hogging all the money and have put wicked restrictions on everyones cash flow. But despite these money problems, third-party people seem to expect the trucks they hire to run for nearly free especially when it comes to hauling overdimensional freight.

June 22, 2009

Fuel Prices vs. Speculators

The use of diesel fuel has fallen sharply as freight levels have nose-dived during the global recession. The home-heating oil season has ended, so there is no competition for the distillate both heating oil and diesel are made from.

June 22, 2009

Oil Continues to Fall, Dropping Below $68

Oil prices continued to fall over the weekend, dropping below $68 in pre-market trading Monday on the New York Mercantile Exchange, Bloomberg reported.

June 22, 2009

Truck Manufacturers Assn. Elects Volvos Skip Yeakel Chairman

The Truck Manufacturers Association elected Volvo Trucks North Americas Skip Yeakel as TMAs new chairman.

June 19, 2009

YRC Announces Deal With Pension Fund

YRC Worldwide last week said it has reached an agreement with the largest pension fund that pays benefits to YRCs unionized employees. The agreement allows the company to defer $83 million in second-quarter pension payments while it provides real estate as collateral.

June 22, 2009