Oil fell 78 cents Friday to close the week at $46.25 a barrel on the New York Mercantile Exchange, about $6 higher than the start of the month, Bloomberg reported.
March 13, 2009Search
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Hours Rule Meets ‘Groundhog Day’
In a scenario eerily reminiscent of the Bill Murray movie “Groundhog Day,†a coalition of interest groups has again launched a formal legal challenge to the government’s hours-of-service rules for commercial drivers.
March 16, 2009EPA Rule Would Track Emissions as First Step to Cap-and-Trade
The U.S. Environmental Protection Agency last week took the first step toward creating a national cap-and-trade system, proposing a new rule that would establish a federal system for reporting carbon dioxide emissions and other greenhouse gases produced by large stationary and mobile sources.
March 16, 2009Navistar Posts Profit in 1Q
Navistar International Corp. made money during the three months ended Jan. 31, but Volvo AB reported a loss for the fourth quarter last year, the two original equipment manufacturers said last week.
March 16, 2009Obama Signs Law Ending Mexican Truck Plan but Seeks New Legislation to Open Border
President Obama signed legislation last week that killed the Transportation Department’s controversial test of longhaul cross-border trucking with Mexico, but the administration signaled it was open to resurrecting a program in the future.
March 16, 2009February Truck Layoffs Hit 33,400; Jobs at Lowest Level Since ’96
Job losses in the trucking sector continued to mount in February as trucking firms had the most layoffs in history for a month without strikes.
March 16, 2009Diesel Declines 4.2¢ to $2.045; Gas Rises
The U.S. retail diesel fuel average dropped 4.2 cents last week to $2.045 a gallon, as the price in the Midwest fell below $2, the first time that has occurred anywhere in more than four years, the Department of Energy reported.
March 16, 2009Trucking to Grow 26% Over the Next Decade
Despite the current economic climate, the nation’s freight pool is likely to grow 26% over the next 11 years, meaning the long-term outlook for all haulers is bright, according to a new American Trucking Associations report.
March 16, 2009CARB Targets ‘Carbon Intensity’ of Fuels Used for Transportation
In its continued attack on greenhouse gas emissions, the California Air Resources Board recently proposed a rule cutting the “carbon intensity†of transportation fuels.
March 16, 2009Sabo Seeks to Expand Council’s Reach
The new chairman of the Technology & Maintenance Council, Steph Sabo, said that during his term, his top priority will be reaching out to segments of the trucking industry that aren’t familiar with the group in hopes of signing up new members.
March 16, 2009