Oil Drops Following Stronger Inventory Report
Oil slipped below $89 a barrel Wednesday following a report that showed diesel and gasoline inventories improved more than forecast last week, Bloomberg reported.
January 5, 2011NHTSA to Propose Truck Speed Limiters
The National Highway Traffic Safety Administration said it will propose requiring speed limiters on heavy trucks at 68 mph after trucking groups asked for the regulation.
January 4, 2011Diesel Starts Year With 3.7¢ Increase to $3.331 a Gallon
Diesel started the new year with a 3.7-cent increase to $3.331 a gallon, while gasoline gained 1.8 cents to $3.07, the Department of Energy reported.
January 4, 2011YRC, Teamsters Agree on Extension
YRC Worldwide and the Teamsters union said they have agreed to provide more time for the company to recapitalize its balance sheet.
January 4, 2011Factory Orders Rise in November
Factory orders rose 0.7% in November, the Commerce Department said Tuesday.
January 4, 2011ISM Manufacturing Index Expands at Fastest Pace in Seven Months
U.S. manufacturing activity rose at the fastest pace in seven months in December, the Institute for Supply Management said.
January 4, 2011Construction Spending Rises for Third Month
Construction spending rose 0.4% in November, the third straight monthly increase, the Commerce Department reported.
January 4, 2011Trucking Blasts HOS Plan
The Federal Motor Carrier Safety Administration’s proposed new hours-of-service rule would cut driving hours, a move that trucking industry leaders said was politically motivated, adding cost and complexity while jeopardizing safety advances made in recent years.
January 3, 2011Trailer Orders Soar in November to Two-Year High, ACT Reports
Fueled by growth in dry vans, net trailer orders in the United States reached a two-year high in November of 21,314 units, ACT Research reported.
January 3, 2011Trucking Executives Hopeful About New Year: Focus Is on Economy, CSA and Driver Supply
The new year for trucking companies picks up right where 2010 left off, with optimism about an improving economy but also plenty of unknowns about which to worry.
January 3, 2011