Diesel Jumps 8.7¢ to $3.943 a Gallon; Gas Gains for Seventh Time in Eight Weeks
Diesel jumped 8.7 cents to $3.943 a gallon, its fifth increase in six weeks, while gasoline rose for the seventh time in eight weeks, the Department of Energy reported.
February 14, 2012Retail Sales Rise 0.4% in January
Retail sales improved 0.4% in January as sales excluding automobiles rose to a 10-month high, the Commerce Department said Tuesday.
February 14, 2012Business Inventories Rise in December
Business inventories rose 0.4% in December while sales increased by the most in five months, the Commerce Department said Tuesday.
February 14, 2012Shell Introducing Oil for Automatic Transmissions
PARK CITY, Utah — Shell Lubricants is introducing a fuel-efficient and long-life transmission and gearbox oil that meets the requirements of automatic transmissions used by Volvo Trucks and Mack Trucks, company officials said.
February 14, 2012Obama Budget Plan Would Boost Transportation Spending 50% Over Six Years
President Obama’s proposed budget would spend $476 billion on transportation over the next six years — a nearly 50% increase over current levels.
February 14, 2012Import Prices Rise 0.3% in January
The price of goods imported to the United States rose 0.3% in January, the second increase in six months, the Labor Department said Tuesday.
February 14, 2012Obama Calls for Postal Service to End Saturday Mail Delivery
President Obama’s proposed budget calls for the U.S. Postal Service to end Saturday mail delivery, Bloomberg reported.
February 13, 2012Trucking, Railroads Call Truce on Size, Weight Issue in Highway Bill
American Trucking Associations and the Association of American Railroads jointly urged the House of Representatives to approve a proposed highway funding bill, while avoiding attempts to change truck size-and-weight limits provisions contained in the bill.
February 13, 2012iTECH: EOBRs Across the Pond
With a federal mandate on the use of electronic onboard recorders looming over the trucking industry, U.S. carriers may be following a regulatory course similar to one that their European counterparts have been dealing with for several years.
February 13, 2012Phillips & Temro Industries Acquired by Equity Firm
Equity firm Audax Group on Monday announced it has acquired Phillips & Temro Industries, a manufacturer of heating, cooling and silencing products for heavy-duty truck engines. Terms were not dislosed.
February 13, 2012