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FMCSA Speaks Against Mandatory Fuel Surcharge
The head of the Federal Motor Carrier Safety Administration said the agency opposed a congressional measure that would require shippers to pay a fuel surcharge to truckload carriers.
April 12, 2005ATA’s Revised February Tonnage Index Drops 2.4%
Overall trucking freight volumes fell 2.4% on a seasonally adjusted basis to 115.5 in February, according to an updated American Trucking Associations index released Tuesday.
April 12, 2005Fed Committee Cites Concern on Inflation, Energy Prices
Members of the Federal Reserve’s Open Market Committee said they had become more concerned about the recent elevated levels of inflation, according to the minutes of the FOMC’s March 22 meeting released Tuesday.
April 12, 2005Average Gasoline Price Surges to $2.29, Lundberg Survey Says
The average retail price of regular gasoline rose 19 cents in the past three weeks to a record $2.29 a gallon as of April 8, according to the latest Lundberg Survey of filling stations nationwide.
April 11, 2005Ford Cuts 2005 Earnings Forecast by 29%
Ford Motor Co. late Friday dropped its 2005 earnings forecast by 29%, due in part to slumping truck and sport utility vehicle sales.
April 11, 2005Ryder to Test New 2007 Engines, Create Plans for Upkeep, Pricing
TUCSON, Ariz. — Truck renting and leasing giant Ryder System said it would begin testing a series of regulatory-compliant engines during the last quarter of this year, and then establish a working maintenance and pricing plan for the new engines by the time tougher emission standards take effect in 2007.
April 11, 2005Companies Cite Sarbanes-Oxley as Late Earnings Reports Rise
More public companies are filing their earnings statements late, with some citing the federal Sarbanes-Oxley law that sets strict accounting liability standards, the Wall Street Journal reported Monday.
April 11, 2005Spring Blizzard Pounds Colorado
Truck drivers were stranded at truck stops in Colorado as the region around Denver was pounded by a spring blizzard Sunday, the Associated Press reported.
April 11, 2005Crude Oil Hits Six-Week Low Before Rising to $53.71 a Barrel
Crude oil prices fell in early intraday trading on the New York Mercantile Exchange Monday before climbing back above $53 a barrel at the close, Bloomberg reported.
April 11, 2005Wabash Doubles DuraPlate Warranty
Trailer maker Wabash National said March 30 it would double the standard warranty to 10 years on sidewalls in new DuraPlate dry-van trailers manufactured after Feb. 1.
April 11, 2005