°®¶¹´«Ã½

Though it's only been in the light- and medium-duty truck business since 1997, Bering Truck Corp. is making an ambitious move into Class 7 and 8 markets.

As major truck manufacturers hawked their newest offerings at the Mid-America Trucking Show, they were haunted by the ironic specter of their own success – a glut of used trucks ont he market.

The national diesel price average recorded its biggest drop of the year this week, after the Organization of Petroleum Exporting Countries agreed to boost oil production by some 1.7 million barrels a day.

The national average price of diesel fuel dropped this week for the first time in seven weeks, to $1.479 cents a gallon, on expectations that oil-producing countries will agree to produce more petroleum.

Burlington Northern Santa Fe Corp. appealed a Surface Transportation Board moratorium on railroad mergers that would delay for more than a year consideration of the carrier’s proposed consolidation with Canadian National Railway.

The national average price of diesel fuel dropped this week for the first time in seven weeks, to $1.479 cents a gallon, on expectations that oil-producing countries will agree to produce more petroleum.

Class 8 truck sales continue to outpace 1999 figures for the second straight month, but an analyst says a two-thirds drop in new orders suggests manufacturers are still working off their backlogs.

The price of diesel fuel climbed to new heights last week, amid a frenzy of protests, threatened protests, proposals, counterproposals, promises and caveats.

The Maintenance Council selected officers for the coming year and honored members for their achievements during its annual meeting.

A possible blockbuster partnership involving two Swedish truck manufacturers was rejected by regulators while another one was forged between U.S. and Italian automotive companies in Europe.