Oil prices soared $5 to close at more than $104 a barrel for the first time Wednesday following OPEC’s decision to keep output levels steady, Bloomberg reported.
March 5, 2008Search
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Landstar CEO Sees Higher Truck Rates
Landstar System Chief Executive Officer Henry Gerkens said the company may benefit from higher freight pricing this year as excess truck capacity shrinks, Bloomberg reported.
March 4, 2008Letters to the Editor: Port Restrictions, Congress and LCVs, Hours of Service, Farewell Trucking
This is in response to the Port of Long Beach’s idea to restrict trucks at the port. It sounds like they are trying to eliminate owner-operators by forcing them to upgrade their trucks when they can barely survive with the cost of fuel and insurance, among other things, going through the roof.
March 4, 2008Opinion: Be Ready to Explain Your SAFER Scores
Look closely at the tractors traveling down the road today and see if you can spot the real-time digital readout of the unit’s Safety and Fitness Electronic Record System scores.
March 4, 2008ISM Factory Index Shows Contraction in February
The Institute for Supply Management’s manufacturing index contracted last month, ISM said Monday.
March 3, 2008Construction Spending Falls 1.7%
Construction spending fell 1.7% in January, the Commerce Department said Monday.
March 3, 2008Gasoline Consumption Falling
Soaring gasoline prices, pushed by record crude oil prices, are causing U.S. consumers to reduce consumption of gasoline, the Wall Street Journal reported Monday.
March 3, 2008Coalition Presses Congress for Action on Safety Technology Tax Incentives
WASHINGTON — A coalition of law enforcement and equipment manufacturers pressed Congress to act on a bill that would give fleets a tax incentive for purchasing safety technology.
March 3, 2008CMV to Update Cadec’s Customers
Cadec Global, provider of fleet management software, and CMV Safety Consulting Inc. said they formed a partnership to keep Cadec customers up-to-date on North American trucking regulation changes.
March 3, 2008Diesel Jumps 10.6¢ to Record $3.658
3he average national price of retail diesel fuel jumped 10.6 cents to a record $3.658 a gallon, following last week’s record $3.552, the Department of Energy said.
March 4, 2008