Many Trucking Shares Gain During 2008 Despite Ongoing Industry Woes
Despite trucking’s struggles to overcome record fuel prices, weak demand and overcapacity, many carriers’ stocks have gained thus far in 2008.
June 30, 2008EGR Proponents to Use Credits to Meet 2010 Engine Standards
The two major engine makers that will employ exhaust gas recirculation technology to meet the tightened federal emissions rules that go into effect in 2010 will use credits they have earned from the Environmental Protection Agency to hit the new mark.
June 30, 2008UPS Lowers Earnings Estimate, Sending Stock to Five-Year Low
UPS Inc. lowered guidance on its second-quarter earnings by about 15%, less than one week after FedEx Corp. posted its first quarterly loss since 1997, demonstrating that even the two largest corporations in North American freight transportation, with the most far-reaching global footprints, are ultimately not immune to the continuing struggles of the all-but-stagnant U.S economy.
June 30, 2008Diesel Dips 4.4¢ to $4.648 a Gallon
The fuel price express took a holiday last week, as the average price of diesel dipped 4.4 cents a gallon to $4.648, and the price of gasoline declined for the first time in three months, according to the Department of Energy.
June 30, 2008Roadcheck Shows Improved Safety Compliance, CVSA Says
The Commercial Vehicle Safety Alliance said that its recent Roadcheck ’08 three-day safety check yielded the lowest out-of-service rate in two decades.
June 27, 2008Personal Spending Jumps 0.8%
Consumer personal spending rose 0.8% in May, the Commerce Department said Friday.
June 27, 2008Oil Tops $140 a Barrel for First Time
Oil hit a new record Thursday, topping $140 a barrel for the first time as the U.S. dollar declined and OPEC officials warned of higher prices, the Associated Press reported.
June 26, 2008First-Quarter GDP Revised Upward to 1%
The U.S. economy grew at a 1% annual rate in the first quarter, higher than a previous report, the Commerce Department said Thursday.
June 26, 2008Oil Jumps Past $137 a Barrel
Crude oil prices jumped $3 Thursday to more than $137 a barrel on concerns that Libya may cut production and that European interest rates could push prices higher, Bloomberg reported.
June 26, 2008Letters to the Editor: Fuel Price Crises, Drug Clearinghouse, Fighting Back, Authority
With sightings of $5 diesel looming in some states, the fuel surcharge is a necessary ingredient to help offset the weekly fuel cost increases.
June 25, 2008