Oil to Reach $108 a Barrel by 2020, DOE Predicts
Rising demand will push oil prices past $108 per barrel by 2020, the Department of Energy said.
May 25, 2010April Orders for New Class 8s Rise 91%, ACT Report Says
New orders for heavy-duty trucks increased 91% in April, from the same month of 2009, ACT Research Co. reported.
May 25, 2010LaHood Commends Kansas’ New Law Banning Texting While Driving
Kansas’ move to become the 26th state to outlaw texting while driving has drawn praise from U.S. Transportation Secretary Ray LaHood for pushing the country past the halfway mark to a nationwide ban on the practice.
May 25, 2010LaHood Calls Canada’s Bridge Offer ‘Extraordinary’
Transportation Secretary Ray LaHood called Canada’s offer to pay up to $550 million for the U.S. side of a proposed new bridge between Detroit and Ontario “quite extraordinary,” the Canadian Press reported.
May 25, 2010Consumer Confidence Rises in May
Consumer confidence grew this month to its highest level since March 2008, the New York-based Conference Board reported.
May 25, 2010Diesel Drops 7.3¢ to $3.021
Diesel took its biggest drop in almost a year and a half, declining 7.3 cents to $3.021 a gallon, while gasoline also tumbled, the Department of Energy reported.
May 25, 2010E&MU: Plug-In Power Cools Cargo, Helps Shippers Go ‘Green’
The need for total control of the “cold chain” — every point in a refrigerated shipment’s environment — is driving demand for more efficient ways of maintaining cargo temperature during the transfer of goods between dock and trailer.
May 24, 2010YRC, Teamsters Forming Competitiveness Committees
YRC Worldwide said Monday that joint committees representing the company and the Teamsters union are being formed to address YRC’s “competitiveness and reentry into union pension plans.”
May 24, 2010Existing Home Sales Grow to Highest Level in Five Months
Existing home sales rose in April to the highest level in five months, the National Association of Realtors said.
May 24, 2010Boyd Bros. Orders 325 Navistar Tractors
Flatbed carrier Boyd Bros. Transportation has ordered 325 trucks with 2010 engines from Navistar Inc., the manufacturer said Thursday.
May 24, 2010