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Graves Expresses Concern Over Diesel Prices; Asks DOE to Consider SPR Loan
In a letter to Energy Secretary Spencer Abraham, American Trucking Associations President Bill Graves said trucking "remains concerned" about record diesel fuel prices, and asked Abraham to "consider loaning U.S. refineries much-needed crude oil from the [Strategic Petroleum Reserve]..
September 24, 2004TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Durable Goods Orders Fall 0.5%, but Rise When Excluding Transportation
Total orders for durable goods declined 0.5% in August to $195.4 billion, but rose 2.3% when excluding transportation equipment, the Commerce Department reported Friday.
September 24, 2004Volvo Almost Sold Out for ’04; CEO Says Factory at Capacity
The head of heavy-duty truck maker Volvo Trucks North America said the company’s Class 8 assembly lines are operating at capacity amid booming sales, forcing the manufacturer to extend delivery times for new equipment.
September 24, 2004News Briefs - Sept. 24
ºÚÁϳԹÏÍø Resales Slow in August • Fed Says 'Significant' Rate Increases May Be Needed • Hurricane Jeanne Heads for Florida; Ivan Strikes Texas • Kansas School Honors ATA President
September 24, 2004Oil Price Closes at Record High; U.S. Negotiating Details of SPR Loan
A congressional source said the U.S. Department of Energy would approve loans of oil from the Strategic Petroleum Reserve once the exact details were worked out with the refineries, Reuters reported Friday.
September 24, 2004U.S. May Loan Oil From SPR to Refiners Slowed by Hurricane
White House spokesman Scott McClellan confirmed Thursday the United States may loan oil to refineries from the Strategic Petroleum Reserve to make up for supply disruptions caused by Hurricane Ivan.
September 23, 2004House Amendment Would Force Mexican Carriers to Meet U.S. Safety Standards
The House of Representatives on Wednesday approved a measure on Wednesday that would require foreign truckers operating in the United States to meet the same safety, certification and labeling standards as domestic carriers, news services reported..
September 23, 2004Senators Say New Highway Bill Unlikely Before Election
Three senators said it was unlikely a new six-year highway and mass transit bill would be passed before the upcoming elections and proposed Congress accept a six-month extension of federal funding at current levels, news services reported.
September 23, 2004Small Shippers’ Group Eyes Capacity, Other Factors Constraining LTLs
ATLANTA — Tightened capacity, outdated infrastructure and driver shortages will be key issues hampering less-than-truckload carriers in the coming year, analysts and less-than-truckload industry executives said at a shippers’ conference here.
September 23, 2004News Briefs - Sept. 23
Study Finds 861 Truckers Died on the Job in 2003 • LEI Falls 0.3% in August • Business Group to Study Highway Funds • Rise in Jobless Claims Blamed on Hurricanes • And more...
September 23, 2004