Oil fell in early trading from last week’s record high, but its continued climb has prompted some analysts to predict the price could jump to $200 a barrel this year, the Wall Street Journal reported Monday.
July 7, 2008Business, Safety, Government
Covenant Sets Refinancing Plan With Daimler Truck Financial
Covenant Transportation Group said it completed the first step in refinancing its long-term debt, including a secured revenue equipment financing agreement with Daimler Truck Financial for about $200 million.
July 8, 2008Business, Government, Logistics
NFI, Raven Transport Set Warehousing Agreement
Trucking and third-party logistics firm NFI Industries said Monday it has formed a joint-venture warehousing agreement with Raven Transport.
July 7, 2008Business, Safety, Government, Technology, Equipment
Bendix to Offer Automatic Braking for Heavy-Duty Trucks in 4Q
WASHINGTON — Bendix Commercial Vehicle Systems LLC demonstrated here the automatic braking system for heavy-duty trucks it will offer starting in the fourth quarter.
July 7, 2008Government, Business, Safety, Fuel
E&MU: California Emissions Plan Pushes New Engines
California clean-air regulators propose to force all older highway trucks running within state boundaries to be retrofitted first with diesel particulate filters, costing $8,000 to $20,000 and more, and then with equipment that reduces output of nitrogen oxides, in a complicated, staggered schedule in effect from 2010 through 2022.
July 7, 2008Government, Business
Employment Index Declines, Conference Board Says
An employment trends index declined in June, the New York-based Conference Board said Monday.
July 7, 2008Government, Business, Safety, Technology
First Atlantic Hurricane Forms; Unlikely to Affect Gulf Oil Platforms
The first hurricane of the Atlantic hurricane season formed Monday, but forecasts put it on a track that would not affect Gulf of Mexico oil platforms, the Associated Press reported.
July 7, 2008Business, Government
Oil Dips Following Record High
Government, Business, Safety
Editorial: Good News, Relatively Speaking
At a time when good news is in notably short supply, it’s nice to be able to report several positive stories on this week’s front page.
July 7, 2008Government, Business, Safety
CVSA Finds Fewer Violations During Annual Roadcheck
The Commercial Vehicle Safety Alliance said 23.9% of the 52,345 vehicles that underwent comprehensive inspections during Roadcheck last month were placed out of service, the lowest percentage in the program’s 21-year history.
July 7, 2008Business, Fuel, Government
Diesel Dips for Week; Falls 7.8¢ in June
The average price of a gallon of retail diesel dipped 0.3 cent last week, to $4.645, making June only the second month so far in 2008 during which the average did not rise, the Department of Energy reported.
July 7, 2008