Schneider Sets Fuel-Hauling Service
Truckload carrier Schneider National said Monday it has added fuel-hauling capabilities to its bulk hauling division.
March 17, 2008Navistar, BAE Awarded Military Truck Order
Navistar International Corp. and BAE Systems won 99% of a $1.1 billion Pentagon order for blast-resistant trucks, Bloomberg reported.
March 17, 2008New York State Manufacturing Index Falls to Record Low
Manufacturing growth in New York state fell to the lowest rate ever in March, the Federal Reserve Bank of New York said Monday.
March 17, 2008DOT’s Road-Privatization Policy Draws Criticism
The Department of Transportation’s plan to privatize many public roadways by using more tolls has come under intense criticism by those who believe the federal highway system was set up to be paid for by taxpayers, the Washington Post reported Monday.
March 17, 2008Chicago Mercantile Exchange Buying Nymex for $9.5 Billion
The parent company of the Chicago Mercantile Exchange and the Chicago Board of Trade said Monday it would buy the owner of the New York Mercantile Exchange for $9.5 billion, the Associated Press reported.
March 17, 2008Fed Cuts Lending Rate in Move to Stem Market Slide
The Federal Reserve Sunday cut the rate on direct loans to banks and became lender of last resort to the biggest dealers in U.S. government bonds, Bloomberg reported.
March 17, 2008Volvo, Union Agree on Contract to End Seven-Week Strike
Volvo Trucks North America and the United Auto Workers said they reached a tentative agreement for a new three-year contract at Volvo’s Virginia heavy-duty truck assembly plant, where about 2,600 workers have been on strike since Feb. 1.
March 17, 2008Con-way Drops Truck Speeds to Cut Carbon, Save on Fuel
Less-than-truckload carrier Con-way Freight announced last week that it will set speed governors on its trucks at a maximum of 62 mph, down from 65 mph — a move the company said will cut its diesel consumption by about 3.2 million gallons a year.
March 17, 2008Trucking Industry Moves From Proprietary Hardware to Open-Systems Approach
Historically, trucking companies have relied on information technology systems — both in the cab and in the office — that run proprietary software on proprietary hardware, effectively making it impossible for one manufacturer’s system to access data gathered by another service.
March 17, 2008Diesel Jumps to $3.819 a Gallon
The U.S. average retail diesel price broke its record high for the third straight week, surging to $3.819 a gallon and topping $4 a gallon in some places, pushed by soaring crude oil prices that also set all-time highs and closed above $110 a barrel for the first time in history.
March 17, 2008