Diesel Slides 1.4¢ in First Decline Since Aug. 20
The U.S. average retail price of diesel inched down 1.4 cents to $3.380 a gallon as crude oil prices slipped amid growing U.S. inventories of crude.
October 22, 2018Trump Orders Federal Spending Cuts as Chao Touts Regulatory Streamlining
The U.S. Department of Transportation and other federal agencies have to come up with a 5% reduction in their budgets for next year, President Donald Trump told his Cabinet during a recent meeting at the White House.
October 22, 2018North Dakota Pipeline Company Gauges Interest in Expanding Oil Volume
BISMARCK, N.D. — The developer of the Dakota Access pipeline is gauging shippers’ interest in a possible expansion of the volume of crude oil moved through the pipeline from 500,000 barrels to 570,000 barrels per day, despite ongoing tribal efforts to shut the pipeline down.
October 22, 2018Audit of FMCSA’s Revamp of CSA Underway
The Department of Transportation’s Inspector General has begun a congressionally mandated audit of the Federal Motor Carrier Safety Administration’s “corrective action plan” intended to revamp the agency’s Compliance, Safety, Accountability Program methodology.
October 22, 2018AB Volvo Posts Record Third Quarter, Higher Income and Revenue
AB Volvo notched a 38% gain in net income as record third-quarter revenue was lifted by stronger truck orders and deliveries.
October 22, 2018MCE 2018 to Focus on Cooperation, Trucking Industry Promotion
When trucking officials gather at the annual American Trucking Associations Management Conference & Exhibition in Austin, Texas, Oct. 27-30, the major theme they will hear is how the industry can work together nationally and locally to promote trucking.
October 20, 2018Daimler Cuts 2018 Outlook After Lower 3Q Projections
Daimler AG on Oct. 19 cut its earnings outlook this year for the Mercedes-Benz Cars and Daimler Buses divisions and for the Daimler Group.
October 19, 2018States Feel Brunt of Driver Shortage in Search for Snowplow Drivers
State departments of transportation seeking equipment operators to take on temporary seasonal work have not been able to avoid the driver shortage that the trucking industry grapples with daily.
October 19, 2018Refiners Slump as Trump Looks to Slow-Roll IMO Fuel Mandate
U.S. refiners are getting stung by President Donald Trump’s reported efforts to keep consumer prices from rising in the run-up to the 2020 election. The Trump administration is seeking to slow the implementation in 2020 of tighter fuel restrictions on the global shipping industry.
October 19, 2018US Home Sales Fell in September to Slowest Pace in Three Years
WASHINGTON — U.S. home sales fell for the sixth straight month in September, a sign that housing has increasingly become a weak spot for the economy.
October 19, 2018