°®¶¹´«Ã½

OPEC said current record crude oil prices do not reflect the group’s objectives and that oil is not likely to reach $100 a barrel soon, Bloomberg reported Tuesday.

ORLANDO, Fla. — John Hill, head of the Federal Motor Carrier Safety Administration, suggested the 2009 highway reauthorization package could include a mandate for fleets to install safety technology on their trucks, regardless of who wins the next presidential election.

YRC Worldwide Chairman and Chief Executive Officer Bill Zollars said he sees no sign that a yearlong slump in U.S. trucking will ease, Bloomberg reported.

ORLANDO, Fla. — Trucking executives going through a recession in their industry heard predictions that more hard times for them lay ahead in politics and the economy, but remained optimistic and prepared to take an active role in shaping their future.

ORLANDO, Fla. — Executives with American Trucking Associations endorsed a program aimed at tying several key trucking-industry issues to growing political concern about global warming.

ORLANDO, Fla. — Four months into his term as chairman of American Trucking Associations, Ray Kuntz said the nation’s inadequate highway infrastructure is worse than he had thought and that long-term highway leases to private companies are not a solution.

ORLANDO, Fla. — ATA President Bill Graves challenged industry leaders to move aggressively to lead the national debate on climate change, linking truck emission reductions to higher fuel consumption and the need for greater trucking productivity to alleviate congestion.

American Trucking Associations’ seasonally adjusted for-hire truck tonnage index for September declined 2.3% from a year ago, ATA said.

Arkansas Best Corp. said Friday its third-quarter net income fell 40% due to lower freight levels and higher costs.

U.S. consumer confidence fell in October to the lowest level in 17 months, according to the University of Michigan’s latest consumer sentiment index, released Friday.