Two of the nation’s busiest interstates will receive a combined $11 million in federal support for new strategies to provide truck parking on the congested routes, the Federal Highway Administration said.
July 9, 2008Search
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Democrats May Be Open to Allowing More Oil Exploration, Journal Says
A key Senate Democrat said he would be open to a compromise with Republicans to allow oil exploration in protected lands and in offshore areas where it is now prohibited, the Wall Street Journal reported Wednesday.
July 9, 2008OOIDA Plans Challenge to Ontario Speed Limiters
A group representing owner-operators said it will challenge the legality of recently passed legislation in Ontario mandating speed limiters on trucks to cap speeds at 65 miles per hour in the Canadian province.
July 9, 2008Paccar Plans Stock Buyback, Will Boost DAF Production 5%
Truck maker Paccar Inc. said it will buy back an additional $300 million in stock and begin a 5% production increase at its Dutch unit in September, Bloomberg reported.
July 9, 2008Bush Expected to Sign Bill Aimed at Reducing Ships’ Emissions
Cargo ships would have to reduce their emissions under federal legislation approved by Congress, which President Bush is expected to sign into law, the Ventura County (Calif.) Star newspaper reported Wednesday.
July 9, 2008FMCSA Cracking Down on Rogue Interstate Moving Companies
The Federal Motor Carrier Safety Administration said Wednesday it will continue to target rogue interstate moving companies that violate federal consumer protection and safety regulations.
July 9, 2008Trucking Executive Calls for Higher Weight Limits
Raising allowable truck weight limits by 21% would save carriers fuel, while reducing traffic and emissions, a trucking executive told Congress Wednesday.
July 10, 2008Covenant Sets Refinancing Plan With Daimler Truck Financial
Covenant Transportation Group said it completed the first step in refinancing its long-term debt, including a secured revenue equipment financing agreement with Daimler Truck Financial for about $200 million.
July 8, 2008Wholesale Inventories Rise 0.8%
Wholesale inventories rose 0.8% in May, the Commerce Department said Tuesday.
July 8, 2008Oil Drops $5 to $136 a Barrel; Declines $9 in Two Trading Days
Oil prices fell more than $5 Tuesday to close near $136 a barrel, as the U.S. dollar continued to strengthen and fears of a supply shortage faded, the Associated Press reported.
July 8, 2008