Volvo, Paccar Trim US Truck Production
Commercial truck makers Paccar Inc. (PCAR) and Volvo AB (VOVLY, VOLV-B.SK) disclosed Tuesday they intend to reduce production in response to weakening demand for trucks in the U.S.
Paccar, the builder of Kenworth- and Peterbilt-branded trucks, said it plans to lower third-quarter truck volume by 10% compared with its second-quarter volume. Paccar said trucking companies have pulled back on their orders and appear content to maintain their existing fleets of trucks until the outlook for U.S. economy becomes clearer. (more…)Read more
Long Beach Port Project Will Bypass Trucks For On-Dock Rail
The Long Beach Board of Harbor Commissioners announced it has awarded a $36.8 million construction contract for the Green Port Gateway, a railroad project designed to enhance the Port of Long Beach’s capacity for on-dock rail to cut down on truck traffic and air pollution. State and federal funds helped to pay for the project.Read more
International Transport Forum Updates Statistics
The 2012 edition of the International Transport Forum’s annual statistics update gathers data from the forum’s 54 member countries for the period 1970-2010. Data cover all modes of transport as well as road safety. Some preliminary data for 2011 also are included.Read more
Bendix Marks Delivery of 200,000th Full-Stability Technology System
Bendix Commercial Vehicle Systems LLC announced Sept. 5 that sales of the Bendix ESP Electronic Stability Program full-stability system have surpassed 200,000 units, reflecting continued growing support for full-stability technology in the commercial vehicle market.
Bendix was the first North American brake system manufacturer to make full-stability solutions widely available for the commercial vehicle market, introducing Bendix ESP in early 2005. It took six full years for Bendix to reach 100,000 units sold, and less than two years to double that figure.Read more
Gulf Coast Oil Hoped To Reach Pre-Isaac Highs
The Oil Price Information Service (OPIS) reports that Gulf Coast distillate prices in the U.S. Gulf Coast region are up a penny-and-a-half this morning, but not back to pre-Isaac highs.
However, October heating oil futures continue to build on post-Isaac strength, OPIS reported.
Ultra-low-sulfur diesel has seen some activity early, with market sources confirming trades up 9.75 cents.
This morning’s moves has ULSD up 15 points, helping to push cash prices up 1.50-2cents to $3.2425 a gallon and higher.Read more