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Fed ‘Beige Book’ Gives Trucking Mixed Report

The Federal Reserve gave a generally positive assessment of the U.S. economy, with mixed reports on the health of the trucking industry.

July 25, 2007

Hill Says FMCSA to Begin Pilot Program of Compliance Review System Next Year

WASHINGTON — John Hill, head of the Federal Motor Carrier Safety Administration, said the agency expects to launch a pilot program of its overhauled compliance review and safety rating process during 2008.

July 25, 2007

Paccar’s 2Q Income Dips on Lower Sales

Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit fell 19% as North American heavy-duty truck demand declined due to new U.S. clean air regulations.

July 24, 2007

Court Issues Split Ruling on Drivers’ Hours of Service Rule

A federal court issued a split ruling Tuesday on the government’s rules governing truck driver hours of service, rejecting a petition by a group representing owner-operators but granting a separate request by a public safety advocate group.

July 25, 2007

Forward Air’s Income Dips; Plans to Buy Indiana Carrier

Forward Air Corp., a contractor to the air cargo industry, reported its second-quarter profit declined, and the company said it would acquire an Indiana carrier.

July 24, 2007

Marten’s Second-Quarter Earnings Drop

Refrigerated truckload carrier Marten Transport’s second-quarter net income plunged 42% due to lower freight rates and reduced revenue per truckload.

July 24, 2007

Diesel Holds at $2.889; Gas Drops 9.1¢ to $2.958

Diesel fuel’s national average pump price held at last week’s level of $2.889 a gallon, while gasoline plunged 9.1 cents to $2.958, the Department of Energy said Monday.

July 24, 2007

Refinery Failures Contributing to High Gas Prices

Record failures at U.S. refineries are helping to push up the price of gasoline, the New York Times reported Sunday.

July 23, 2007