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.
July 3, 2008Michelin Boosting U.S. Tire Prices
Tire maker Michelin & Cie. is boosting commercial truck replacement tire prices by as much as 8% in North America, Bloomberg reported.
July 2, 2008West Coast Port Talks Continue Past Deadline
Talks are continuing past a contract deadline for a contract covering 26,000 dockworkers at West Coast ports, the Los Angeles Times reported Wednesday.
July 2, 2008U.S. Xpress Names President of TL Unit
U.S. Xpress Enterprises said Wednesday it named John White president of U.S. Xpress Inc., the corporation’s flagship truckload carrier.
July 2, 2008Letters to the Editor: Speed Limiters, Driver Culture, Don't Involve Feds
Hey, no problem — go ahead and limit the speed. That’s what you would expect from a socialist country. The truckers will simply move south — to a free country.
July 2, 2008Penske Automotive Buys Stake in Truck-Leasing Venture
Penske Automotive Group bought a 9% stake in Penske Truck Leasing Co. from a General Electric Co. unit for $219 million, Bloomberg reported.
July 2, 2008Truckers Protest in England, India
Truckers protested high fuel prices in London and in India Wednesday, blocking streets and parking rigs, Bloomberg reported.
July 2, 2008ArvinMeritor Forecasts Higher 3Q Sales
ArvinMeritor Inc. said Wednesday that its fiscal third-quarter sales will rise as much as 20% to $2 billion on higher demand in Asia and South America, and for military products in North America.
July 2, 2008Oil Closes at Record Just Short of $141 a Barrel
Oil closed at a record just short of $141 a barrel on Tuesday, following an International Energy Agency report said supplies may lag behind demand for the next five years, Bloomberg reported.
July 1, 2008Auto Sales Plunge, Led by Decline in Pickups, SUVs
Three major automakers reported their June sales plunged as fuel prices reached record levels, Bloomberg reported Tuesday.
July 1, 2008