The average national price of retail diesel fuel rose 1.5 cents to $3.989 for a fifth consecutive record, while gasoline’s price declined, the Department of Energy said Monday.
March 25, 2008BusinessGovernment
Hino’s Outlook Rises on Asian, Latin America Sales
Hino Motors Ltd., Japan’s largest maker of heavy-duty trucks, said its operating profit probably beat its own forecast by 4.5% because of higher international sales in Asia and Latin America, Bloomberg reported Tuesday.
March 25, 2008BusinessLogistics
YRC Sets Mexico Freight Forwarding Service
Less-than-truckload carrier YRC Worldwide said it will offer freight forwarding services to and from Mexico through its YRC Logistics subsidiary.
March 25, 2008GovernmentBusiness
Consumer Confidence Falls to Five-Year Low
Consumer confidence fell this month to a five-year low, the New York-based Conference Board said Tuesday.
March 25, 2008Business
Justice Department Approves XM, Sirius Merger
The Justice Department approved a proposed $4.6 billion merger by Sirius Satellite Radio and XM Satellite Radio Holdings, although the deal still must be cleared by the Federal Communications Commission, Reuters reported.
March 25, 2008BusinessSafetyGovernment
New FHWA Head Says He’s Open to Changes in ’09 Highway Bill’s Size-and-Weight Limits
WASHINGTON — The new head of the Federal Highway Administration said he was open to considering changes to truck size-and-weight limits and other truck productivity issues as part of the Transportation Department’s proposals for the 2009 reauthorization of federal transportation legislation.
March 24, 2008GovernmentBusinessSafety
N.Y. Gov. Backs Congestion-Fee Plan
Newly seated New York Gov. David Paterson (D) backs a New York City plan to charge motorists fees in parts of Manhattan during peak business hours, the Associated Press reported.
March 24, 2008BusinessLogistics
Existing 91ÊÓƵ Sales Rise 2.9%
Existing homes sales rose for the first time in seven months in February, the National Association of Realtors said Monday.
March 24, 2008GovernmentBusinessSafety
Ontario Eyeing Mandatory 65-Mph Speed Limiters
The government of Ontario has resurrected a plan to make speed limiters mandating maximum mandatory truck speeds at about 65 miles per hour in the province, according to the Ontario trucking Association, which backs the plan.
March 24, 2008BusinessGovernmentFuelSafety
Opinion: Carbon Tax Limits Trucking’s Green Choices
The trucking industry is part of a grand environmental experiment being conducted in British Columbia — the first North American jurisdiction to introduce a carbon tax on all fossil fuels, including diesel, at the retail level.
March 24, 2008