The Department of Transportation’s plan to privatize many public roadways by using more tolls has come under intense criticism by those who believe the federal highway system was set up to be paid for by taxpayers, the Washington Post reported Monday.
March 17, 2008Search
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Navistar, BAE Awarded Military Truck Order
Navistar International Corp. and BAE Systems won 99% of a $1.1 billion Pentagon order for blast-resistant trucks, Bloomberg reported.
March 17, 2008Chicago Mercantile Exchange Buying Nymex for $9.5 Billion
The parent company of the Chicago Mercantile Exchange and the Chicago Board of Trade said Monday it would buy the owner of the New York Mercantile Exchange for $9.5 billion, the Associated Press reported.
March 17, 2008Fed Cuts Lending Rate in Move to Stem Market Slide
The Federal Reserve Sunday cut the rate on direct loans to banks and became lender of last resort to the biggest dealers in U.S. government bonds, Bloomberg reported.
March 17, 2008ATA Projects Record Diesel Fuel Costs for 2008
American Trucking Associations is projecting a record high diesel fuel bill for the trucking industry this year, at $135 billion.
March 17, 2008Schneider Sets Fuel-Hauling Service
Truckload carrier Schneider National said Monday it has added fuel-hauling capabilities to its bulk hauling division.
March 17, 2008New York State Manufacturing Index Falls to Record Low
Manufacturing growth in New York state fell to the lowest rate ever in March, the Federal Reserve Bank of New York said Monday.
March 17, 2008EPA to Award $5 Million for Midwest Clean-Diesel Projects
The Environmental Protection Agency’s Midwest Clean Diesel Initiative said Friday today announced that it expects to award about $5 million in grants for diesel-emission reduction projects in five Midwestern states.
March 17, 2008Diesel Jumps 15.5¢ to Record $3.974 a Gallon
Diesel fuel’s national average jumped another 15.5 cents Monday, to $3.974 a gallon, for its fourth straight record high, the Department of Energy said Monday.
March 18, 2008Volvo Displays ‘Green’ Trucks to Run on Alternative Fuels
WASHINGTON — Global truck producer Volvo AB recently demonstrated trucks that can run on one of seven different alternative fuels, but company officials said they could not forecast when an over-the-road model of any of these seven trucks might be available.
March 17, 2008