The national average price of diesel fuel fell for a second straight week, dipping 1.5 cents to $4.692 a gallon, while gasoline rose above $4 for the first time, the Department of Energy said Monday.
June 10, 2008Search
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Conn. Truck Inspections Drop 20%
Connecticut’s truck inspections fell 20% to about 18,600 in 2007, compared with a year earlier, the Hartford Courant reported.
June 9, 2008
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
OEMs Avoid Price Cuts Despite Truck Sales Slump
Heavy-truck manufacturers have refrained from cutting prices or offering large rebates and other significant incentives, partly because their sales overseas are strong and help offset a second straight year of falling domestic sales, analysts and dealers said.
June 9, 2008Diesel Price Dips 1.6¢ to $4.707 a Gallon
The U.S. average diesel price took a break last week from its dizzying climb, dipping 1.6 cents a gallon to $4.707, the Department of Energy reported.
June 9, 2008Saudi Arabia Seeks Meeting on Oil Prices
Saudi Arabia plans to call for a summit between oil-producing and consuming nations to discuss soaring crude prices, the Associated Press reported Monday.
June 9, 2008Teamsters Launch Carhaul Strike at PTS
Teamsters union members employed at car hauler Performance Transportation Services went on strike against the company Monday to enforce the union’s bargaining table demands, the union said.
June 10, 2008Congress Tackles ‘Splash-and-Dash’ Loophole Giving Tax Credit for Exported Biodiesel
Two bills circulating in Congress would eliminate a loophole that permits foreign producers of biodiesel to get a tax credit if they “splash†their product with petroleum-based diesel in the United States and then sell it overseas.
June 9, 2008Mullen Buys Fluid, Oilfield Transport Firm
Canadian transportation firm Mullen Group Income Fund said Thursday it would buy the transport unit of Essential Energy Services Trust for C$135 million.
June 5, 2008ISM Services Index Declines in May
An index of the U.S. economy’s service sector slipped in May from a month earlier but continued to show expansion, the Institute for Supply Management said Wednesday.
June 4, 2008Collins Introduces Bill to Allow Higher Truck Weights
Sen. Susan Collins (R-Maine) has introduced legislation that would allow trucks to carry up to 100,000 pounds on federal highways when diesel prices are at least $3.50 a gallon.
June 4, 2008