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China’s Biggest Truck Maker’s Profit Surges

Beiqi Foton Motor Co., China’s biggest maker of commercial vehicles, reported a jump in its first-quarter profit, Bloomberg reported Tuesday.

April 29, 2008

Consumer Confidence Hits 5-Year Low

Consumer confidence fell to a five-year low this month, the New York-based Conference Board said Tuesday.

April 29, 2008

DOT Offers Chicago $153 Million to Reduce Congestion

Chicago will receive more than $153 million in federal funds under a new congestion initiative, the U.S. Department of Transportation said.

April 29, 2008

P.A.M. Takes $2.8 Million Loss in 1Q

Truckload carrier P.A.M. Transportation Services said it lost $2.8 million, or 29 cents a share, in the first quarter, compared with net income of $1.3 million, or 12 cents, a year earlier.

April 29, 2008

N.Y. Thruway Toll Hikes Approved

The New York the Thruway Authority’s board of directors has approved a series of toll hikes that will bring in an additional $125 million annually, the Associated Press reported.

April 28, 2008

ATA Officer Calls for Oil Release From SPR

WASHINGTON — The government should not only stop filling the Strategic Petroleum Reserve, but also consider releasing oil to help lower the price of diesel fuel, Dave Berry, chairman of the American Trucking Associations’ environmental and energy policy committee, told Congress last week.

April 28, 2008

DOT Offers L.A. $213 Million in Toll Plan

The federal government has offered Los Angeles County $213 million to convert carpool lanes to special, congestion-pricing toll lanes on three freeways, the Los Angeles Times reported.

April 28, 2008

Truckers Protest in Washington Over High Fuel Prices

Hundreds of truck drivers descended on Washington Monday to protest high diesel prices, WRC-4 television reported on its Web site.

April 28, 2008

Oil Hits Record Near $120 a Barrel

Crude oil prices hit an all-time record in Monday, hitting $119.93 a barrel in pre-market electronic trading on the New York Mercantile Exchange, the Associated Press reported.

April 28, 2008

ALK to Offer Web Link With PC Miler Program

PRINCETON, N.J. — ALK Technologies will add a Web-based version of its PC Miler mapping and routing software to the company’s family of truck navigation products this year, ALK’s chief technology officer said.

April 28, 2008