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Diesel Dips 1.6¢ to $4.707; Gas Gains 3.9¢ to Record $3.976

The average price of retail diesel fuel fell for the first time in a month, dipping 1.6 cents from an all-time record high to an average $4.707 a gallon, the Department of Energy said.

June 3, 2008

FMCSA Awards $1 Million in CDL Education Grants

The Federal Motor Carrier Safety Administration said Monday it has awarded a total $1 million in grants to nine technical and community colleges to enhance safety curricula and behind-the-wheel training courses for students enrolled in commercial driver’s license training programs.

June 2, 2008

Bill Would Require Ships to Use Clean Fuel

Emissions from cargo ships would be reduced under legislation that passed the Senate Environment and Public Works Committee, the Associated Press reported.

May 30, 2008

Iteris Reports Higher Income for Quarter, Fiscal Year

Iteris Inc., which makes lane-departure warning systems for the trucking industry, reported its fiscal fourth-quarter profit improved from a year ago.

June 2, 2008

Minnesota to Require 20% Biodiesel in 2015

Minnesota Gov. Tim Pawlenty (R) signed a bill that will require diesel sold in the state to contain 20% biodiesel content by 2015, the Associated Press reported.

May 30, 2008

Software Firms Seeing Greater Demand as Fleets Seek Savings, Efficiency Gains

Executives with several software firms said their businesses are awash with inquiries from carriers seeking to streamline operations as they struggle with record fuel prices and sluggish freight demand.

June 2, 2008

Consumer Sentiment Index Declines

U.S. consumer confidence fell to a 28-year low in May, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

May 30, 2008

Chicago Manufacturing Index Shows Contraction

Manufacturing activity in the Chicago region improved in May but showed contraction showed for a fourth straight month, the National Association of Purchasing Management said Friday.

May 30, 2008

Feds Probing Oil Markets, Journal Says

Federal regulators disclosed a sweeping probe into U.S. oil-market trading and said they were expanding surveillance of energy markets, the Wall Street Journal reported Friday.

May 30, 2008

Personal Spending, Incomes Gain in April

Consumer personal spending rose 0.2% in April, the Commerce Department said Friday.

May 30, 2008