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Jamie Rector/Bloomberg News |  | Oil Finishes Week Above $145 a Barrel | Oil finished a week of all-time highs by closing at a record of more than $145 a barrel on the New York Mercantile Exchange, Bloomberg reported Thursday. |
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Transport Topics Online will be closed Friday for the July 4 holiday. Please check back on Monday, July 7, for the latest trucking and freight transportation news. |
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Heavy-duty components maker ArvinMeritor Inc. said it will buy Trucktechnic, a Belgium-based remanufacturer and distributor of commercial vehicle disc and foundation brakes and components. |
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Two federal lawmakers joined the head of the Motor Transport Association of Connecticut in calling for action to help relieve soaring fuel prices that are driving trucking companies out of business, the Connecticut Post reported Thursday. |
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U.S. payrolls declined in June but the unemployment rate held at 5.5%, the Labor Department said Thursday. |
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The U.S. economy’s service sector contracted in June as prices reached a record high and employment reached a record low, the Institute for Supply Management said Thursday. |
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High fuel prices are dampening demand for diesel and gasoline, and more Americans will stay home this Fourth of July holiday than last year, a truck stop trade group said Thursday. |
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EDITION: PAGE ONE
Week of June 30, 2008
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EGR Proponents to Use Credits to Meet 2010 Engine Standards The two major engine makers that will employ exhaust gas recirculation technology to meet the tightened federal emissions rules that go into effect in 2010 will use credits they have earned from the Environmental Protection Agency to hit the new mark. |
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UPS Lowers Earnings Estimate, Sending Stock to Five-Year Low UPS Inc. lowered guidance on its second-quarter earnings by about 15%, less than one week after FedEx Corp. posted its first quarterly loss since 1997, demonstrating that even the two largest corporations in North American freight transportation, with the most far-reaching global footprints, are ultimately not immune to the continuing struggles of the all-but-stagnant U.S economy. |
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Diesel Dips 4.4¢ to $4.648 a Gallon The fuel price express took a holiday last week, as the average price of diesel dipped 4.4 cents a gallon to $4.648, and the price of gasoline declined for the first time in three months, according to the Department of Energy. |
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California Outlines Global Warming Plan
California outlined for the first time the broadest U.S. attempt to regulate greenhouse gases blamed for global warming, calling for the creation of a new emissions-trading program and increased renewable-energy production, Bloomberg News reported. |
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Oil Climbs Past $143 a Barrel
Crude oil rose to a record of more than $143 a barrel Monday, on Mideast supply concerns and a shaky global economy, the Associated Press reported. |
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Navistar Posts First-Half Profit
Navistar International Corp., the world's fourth-largest truckmaker, posted a first-half profit of $162 million and said its shares resumed New York Stock Exchange trading Monday after being delisted 16 months ago, Bloomberg News reported. |
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GM, Carmakers Fail to Block Carbon Cuts
General Motors Corp. and 21 carmakers lost a bid in court to block California from quickly enforcing carbon-reduction rules if the state wins Environmental Protection Agency approval for greenhouse-gas emission caps, Bloomberg News reported. |
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