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News Briefs - Aug. 11

Saudi Arabia Says Spare Oil Capacity Could Be Used Now • IEA Boosts Oil Demand Forecast • Commercial Vehicle Group Completes IPO • New Intermodal Park to be Built in Kentucky • And more...

August 11, 2004

Highway Watch Says It Had Early Notice of Impending ºÚÁϳԹÏÍøland Security Alert

The Department of ºÚÁϳԹÏÍøland Security tipped off managers of the Highway Watch program of the impending alerts in New York and Washington several hours before Secretary Tom Ridge told the public Aug. 1, so that employees could brief fleets and prepare for a potential barrage of telephone calls.

August 11, 2004

Price of Diesel Rises 3.4 Cents to Record $1.814

The U.S. average price for retail diesel fuel increased 3.4 cents to a record $1.814 per gallon, the Department of Energy said Monday.

August 10, 2004

Hurdles Could Slow Cross-Border Expansion

Several U.S. fleet executives said the Supreme Court’s June decision not to interfere with the opening of the entire United States to Mexican trucks created a business opportunity that relatively few companies might be eager to fill.

August 10, 2004

Fed Again Raises Interest Rates by Quarter-Point

The Federal Reserve on Tuesday raised interest rates another quarter-point and said the economy had been hit by energy costs but was poised for faster growth.

August 10, 2004

News Briefs - Aug. 10

Productivity Rises at 2.9% Clip in 2Q • Trucker Jailed After Illegal Immigrants Found in Trailer • EPA Reviews Baton Rouge Decision

August 10, 2004

FedEx to Buy Parcel Direct for $120 Million

FedEx Corp. said Monday it agreed to acquire Parcel Direct for $120 million in cash.

August 9, 2004

Industry Seeks Consensus Over Engine Incentives

Major players in the trucking industry are trying to forge a consensus over what financial incentives they will ask Congress to provide to encourage the use of cleaner-burning diesel engines as the effective date of new federal pollution rules draws nearer, officials said.

August 9, 2004

California Government Review Panel Urges Replacing Air Resources Board

A California government review panel last week recommended replacing the California Air Resources Board with a single director in a division of air quality inside the California Environmental Protection Agency.

August 9, 2004

News Briefs - Aug. 9

UAW to Vote on Caterpillar’s Contract on Aug. 15 • Wholesale Inventories Rise 1.1% in June • Economists Lower 3Q Growth Estimates • Fed Expected to Raise Interest Rates on Tuesday • And more...

August 9, 2004