DOE Boosts ’08 Diesel Price Forecast
The Department of Energy sharply boosted its projections for diesel fuel prices into 2008, raising its forecast from a month ago by 18 cents a gallon for this month alone, to an average of $3.36 a gallon.
December 11, 2007N.Y. Thruway Truck Tolls Set to Rise in January
Truck traffic will shift to secondary roads if a proposed toll increase on the New York state Thruway goes into effect, business leaders told state lawmakers Monday, the Rochester (N.Y.) Democrat and Chronicle reported Tuesday.
December 11, 2007ArvinMeritor Buying Canadian Company; Affirms Forecast
Heavy-duty parts maker ArvinMeritor said Tuesday it will acquire Mascot Truck Parts, based in Ontario, Canada. Terms were not disclosed.
December 11, 2007Diesel Drops 9.1¢ to $3.325
The national average price of diesel fuel fell for a second straight week, dropping 9.1 cents to $3.325 a gallon, the Energy Department said Monday.
December 11, 2007Barclays Cuts Investment in Ryder System
Financial firm Barclays Global Investors, which had been the largest shareholder in Ryder System, has reduced its stake in Ryder by more than 50%, Bloomberg reported.
December 10, 2007FedEx Teams With Parker Hannifin on Hybrid Technology
FedEx Ground and Parker Hannifin Corp. said Friday they have agreed to test a Class 6 vehicle employing hybrid hydraulic technology that seeks to improve fuel mileage by greater than 50% and significantly reduce engine emissions.
December 10, 2007Volvo Plans Layoffs at Virginia Truck Plant
Volvo Trucks North America plans to lay off up to 650 workers next month at its truck-building plant in Dublin, Va., the Associated Press reported.
December 10, 2007California Approves Port Emissions Rules
California state regulators enacted strict air emission rules Friday that will ban much of the current fleet of diesel trucks from all ports statewide, the Los Angeles Times reported Saturday.
December 10, 2007Navistar Files Statements for 2003-2005
Navistar International Corp. said Monday it had filed financial information statements for its 2003-2005 fiscal years with the Securities and Exchange Commission, reporting a profit for 2005 but losses for the two previous years.
December 10, 2007Cadec Joins EPA SmartWay Program
Fleet management software provider Cadec, Manchester, N.H., said it has joined the Envi-ronmental Protection Agency’s SmartWay Transport Partnership.
December 10, 2007