Oil prices continued to fall over the weekend, dropping below $68 in pre-market trading Monday on the New York Mercantile Exchange, Bloomberg reported.
June 22, 2009Search
Showing 10 of 22394 results
Fuel Prices vs. Speculators
The use of diesel fuel has fallen sharply as freight levels have nose-dived during the global recession. The home-heating oil season has ended, so there is no competition for the distillate both heating oil and diesel are made from.
June 22, 2009YRC Announces Deal With Pension Fund
YRC Worldwide last week said it has reached an agreement with the largest pension fund that pays benefits to YRC’s unionized employees. The agreement allows the company to defer $83 million in second-quarter pension payments while it provides real estate as collateral.
June 22, 2009SCR Engine Makers Deny Navistar Claims
Several truck and engine manufacturers who plan to use selective catalytic reduction technology to meet 2010 emission standards have denied allegations by Navistar Inc. and have asked a federal appeals court to give them standing to argue against Navistar’s lawsuit against the U.S. Environmental Protection Agency.
June 22, 2009DOT Prepares to Issue New Rule to Cut Truck Stopping Distance
The Department of Transportation is preparing to issue its long-delayed rule that would slice the stopping distance for large trucks by as much as 30%.
June 22, 2009Wyoming Legislators Consider Tolling I-80
Wyoming legislators are considering a highway funding plan that could cost trucks more than $100 in tolls to run the full 400 miles across the state on Interstate 80.
June 22, 2009NTTC President Balks at Wetlines Proposal
A requirement that tank trucks carrying gasoline and other flammable materials be retrofitted with equipment to purge wetlines would kill and injure far more repair shop workers than it would save motorists lives, the head of a tank truck carriers industry group told Congress.
June 22, 2009Logistics Expenses Drop 3.5%
WASHINGTON — The cost of moving and storing goods nationwide fell 3.5% last year, the first decline in logistics-related ex-penses in six years, despite 2% higher transportation expenses. Manufacturers and retailers slashed inventories and excess capacity limited the ability of freight carriers to raise prices, according to a new report.
June 22, 2009Diesel Rises for 6th Week
The average price paid for retail diesel jumped another 7.4 cents last week to $2.572 a gallon, marking the sixth straight week of increases in the price of trucking’s main fuel for a total rise of 38.7 cents, the Department of Energy reported.
June 22, 2009May Class 8 Truck Sales Drop 39%
Heavy-duty U.S. truck sales continued their severe slide into a fifth month, as retail volume fell 39% in May, while the year-to-date total now lags the pace of last year by 33.9%, according to WardsAuto.com.
June 22, 2009