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U.S. Fleet Growth Slows to 1.4% in First Quarter, Polk Reports

The nation’s fleet of heavy-duty trucks grew by just 1.4% a year during the first quarter, the slowest growth rate yet since the record sales year of 2006, as businesses bought fewer used and new vehicles, according to a survey of U.S. vehicle registration data by R.L. Polk & Co.

June 9, 2008

OEMs Avoid Price Cuts Despite Truck Sales Slump

Heavy-truck manufacturers have refrained from cutting prices or offering large rebates and other significant incentives, partly because their sales overseas are strong and help offset a second straight year of falling domestic sales, analysts and dealers said.

June 9, 2008

Navistar Reports $120 Million Fiscal ’07 Loss

Truck maker Navistar International Corp. took a substantial step toward completing its $410 million accounting odyssey with the May 29 filing of its fiscal 2007 annual report to the Securities and Exchange Commission, marking the first time the company has been up to date since 2005.

June 9, 2008

Diesel Price Dips 1.6¢ to $4.707 a Gallon

The U.S. average diesel price took a break last week from its dizzying climb, dipping 1.6 cents a gallon to $4.707, the Department of Energy reported.

June 9, 2008

Oil Jumps More Than $10 to Record $138.54 a Barrel

Crude oil jumped by a single-day record of more than $10 Friday close at a record $138.54 a barrel, marking an almost $16 increase over two days.

June 6, 2008

Unemployment Rate Jumps to 5.5% in Biggest Jump Since ’86

The U.S. unemployment rate jumped to 5.5% in May, from 5% in April, the biggest jump in 22 years, the Labor Department said Friday.

June 6, 2008

GPS Market to Reach $240 Billion in Five Years, Report Says

Global Positioning System location-finding and navigation services are generating increasing revenue as the satellite-based technology is embedded in a wider range of mobile devices, according to a report from the European firm ABI Research.

June 9, 2008

Diesel Falls 1.5¢ to $4.692; Gas Tops $4 for First Time

The national average price of diesel fuel fell for a second straight week, dipping 1.5 cents to $4.692 a gallon, while gasoline rose above $4 for the first time, the Department of Energy said Monday.

June 10, 2008

Long Beach Port Approves Clean Trucks Plan

The Port of Long Beach, Calif., has approved the final details of its terms required for truckers to register for the port’s new clean trucks program, scheduled to begin Oct. 1.

June 9, 2008

Saudi Arabia Seeks Meeting on Oil Prices

Saudi Arabia plans to call for a summit between oil-producing and consuming nations to discuss soaring crude prices, the Associated Press reported Monday.

June 9, 2008