European Union Transport Commissioner Neil Kinnock has issued a formal proposal to limit truck drivers to a 48-hour work week.

A British consulting firm, Wefa Energy, says the global targets for reducing greenhouse gases in the so-called Kyoto Protocol are "unrealistic" and will require drastic cutbacks in road transport.

With concerns that slumping car and truck sales may not be confined to Asia and South America, AB Volvo is considering job cuts and other cost-saving measures to improve profitability.

The Confederation of British Industry has called on the Labour government to cut diesel fuel taxes and increase spending on highways, two of the key demands of Britain’s trucking sector.

The International Energy Agency is forecasting that oil demand this year and next will be “lower than previously anticipated.”

Continuing its aggressive expansion ahead of scheduled privatization in 2000, the state-owned German postal service, Deutsche Post, has purchased a 50% stake in the British express parcel company, Securicor.

The International Energy Agency forecasts that oil demand this year and next will be "lower than previously anticipated."

Daimler-Benz, the world’s largest truck builder, is continuing on a record pace for sales and profits this year.

Despite the slowdown in Asian markets, Volvo Truck Corp.’s operating profits reached $248 million through the first nine months of the year, more than the $232 million the truck builder made in all of 1997.

One result of the negotiated settlement between the U.S. Environmental Protection Agency and diesel engine manufacturers is that European and American certification tests will become more standardized.