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IMF Expects Oil Prices to Remain High for Two Years
International Monetary Fund Managing Director Rodrigo de Rato said that although oil prices may not remain above $56 a barrel, they would likely remain high for another two years due to rising demand and supply constraints, news services reported.
March 21, 2005
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
ULSD Hurdles Loom
SAN FRANCISCO — The U.S. petroleum industry may be unable to deliver to all parts of the nation diesel fuel with low enough sulfur content to meet new federal pollution rules, industry executives told a fuels conference here.
March 21, 2005SMC3 Okays 4.73% Rate Hike, Trimming Earlier Proposal
Rate bureau SMC3 on March 17 approved a 4.73% increase in general tariff rates for its 124 less-than-truckload carrier members to take effect May 2.
March 21, 2005William Graves, Father of ATA President, Dies
William Graves, the former head of Graves Truck Line Inc. and father of American Trucking Associations President Bill Graves died Friday at the age of 90, the Associated Press reported.
March 21, 2005Average Diesel Price at Record $2.244 After 5-Cent Rise
The Department of Energy said Monday the national average retail price of diesel fuel rose 5 cents to $2.244 a gallon, breaking the previous record of $2.212 set on Oct. 25.
March 21, 2005Technology Briefs - March 15 - March 21
Sensors Check Emissions at Arizona Border Crossing • Union Pacific Begins Using Hybrid Locomotive • President Names New FCC Chairman • DaimlerChrysler Plans to Sell Hydrogen Fuel-Cell Cars by 2012
March 21, 2005Fed Expected to Raise Interest Rates on Tuesday
The Federal Reserve’s Open Market Committee was expected to raise interest rates by another quarter-percentage point to 2.75% when it meets on Tuesday, Reuters reported.
March 21, 2005Former Head of Chicago's Hired Truck Program Pleads Guilty
Angelo Torres, the former head of a Chicago’s Hired Truck Program, pleaded guilty Friday to accepting cash in exchange for letting private companies into the $37-million-a-year project, the Associated Press reported.
March 21, 2005Gasoline Price Rises Almost 13 Cents to Record $2.10, Lundberg Says
The average retail price of regular gasoline rose almost 13 cents in the past two weeks to a record $2.10 per gallon as of March 18, according to the Lundberg Survey of stations nationwide.
March 21, 2005GM Plans to Cut White-Collar Jobs, Journal Reports
Auto maker General Motors Corp. will cut its North American white-collar work force by as much as 28% in some areas, the Wall Street Journal reported..
March 21, 2005