Three major automakers reported their June sales plunged as fuel prices reached record levels, Bloomberg reported Tuesday.
July 1, 2008Search
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Penske Automotive Buys Stake in Truck-Leasing Venture
Penske Automotive Group bought a 9% stake in Penske Truck Leasing Co. from a General Electric Co. unit for $219 million, Bloomberg reported.
July 2, 2008Oil Finishes Week Above $145 a Barrel
Oil finished a week of all-time highs by closing at a record of more than $145 a barrel on the New York Mercantile Exchange, Bloomberg reported Thursday.
July 3, 2008Michelin Boosting U.S. Tire Prices
Tire maker Michelin & Cie. is boosting commercial truck replacement tire prices by as much as 8% in North America, Bloomberg reported.
July 2, 2008Construction Spending Falls 0.4%
Construction spending fell 0.4% in May, the Commerce Department said Tuesday.
July 1, 2008ISM Factory Index Shows Expansion
U.S. manufacturing levels expanded in June for the first time in five months, the Institute for Supply Management said Tuesday.
July 1, 2008California, Washington Cell Phone Laws Take Effect
Laws prohibiting hand-held cell phones take effect Tuesday in California and Washington state, the Associated Press reported.
July 1, 2008Oil Closes at Record Just Short of $141 a Barrel
Oil closed at a record just short of $141 a barrel on Tuesday, following an International Energy Agency report said supplies may lag behind demand for the next five years, Bloomberg reported.
July 1, 2008Truck Stops See Increase in Diesel Thefts as Fuel Prices Soar
An executive with Pilot Travel Centers said the number of diesel fuel thefts has soared this year.
July 1, 2008Letters to the Editor: Speed Limiters, Driver Culture, Don't Involve Feds
Hey, no problem — go ahead and limit the speed. That’s what you would expect from a socialist country. The truckers will simply move south — to a free country.
July 2, 2008