Blackstone and Alta Resources partner to invest up to $1B to acquire and develop unconventional oil & gas assets in North America
Alta Resources, LLC and Blackstone Capital Partners, an affiliate of The Blackstone Group have formed Alta Energy Partners which will invest up to $1 billion to acquire and develop unconventional oil and gas assets in North America.
Founded in 1999 by…
Volvo upgrades D5 engine; more power, 8% reduction in fuel consumption
Volvo has upgraded the five-cylinder D5 and D3 turbodiesels for application in the upgraded versions of the Volvo V70, XC70 and S80. Performance and torque of the D5 increase from 205 hp/420 N&iddot;m to 215 hp (160 kW) and 440 N&iddot;m (35 lb-ft) whi…
TCA Honors John Boyd as a Highway Angel – Again
Nearly a year ago, John Boyd, a professional truck driver for ABF Freight System, was named a Truckload Carriers Association Highway Angel for helping a severely injured man trapped in a dangerous situation. Now, Boyd is being recognized again for d…
Alliance Truck Parts Rebrands to Emphasize All-Makes Offerings
Alliance Truck Parts unveiled a new brand identity campaign aiming to emphasize its offering of all-makes parts and bring it out from the shadow of parent company Daimler Trucks North America.
Biggest Trucking Companies See Revenue Rise 9.4%
The 50 largest U.S. trucking companies saw revenue rise a collective 9.4 percent to $85.4 billion in 2010, after shrinking 17.7 percent during the recession in 2009, according to The Journal of Commerce’s list of the Top 50 Trucking Companies of 2010.
Marten Increases Driver Pay, Contractor Rates
Marten Transport, a Wisconsin-based carrier, announced another raise in driver pay effective April 1, and contractor rate increases as high as 4 cents per mile effective May 1.
Retail Diesel Continues Rise; Oil Falls After 30-Month High
On-highway diesel prices rose by 10 cents last week, more than double the previous week’s increase of 4.4 cents. Prices have now topped $4 per gallon on the national average and in every major region.
Heckmann Orders 200 LNG Trucks
Heckman Corp. has placed what is believed to be the single largest order for liquefied natural gas trucks by a U.S. customer. Heckmann Water Resources will transition its water-transportation fleet from traditional diesel vehicles to natural gas.
Right to Repair Act Introduced in Congress
Representatives Todd Platts, R-Pa., and Edolphus Towns, D-N.Y., have introduced the Motor Vehicle Owners’ Right to Repair Act, HR 1449, into the 112th Congress.
Truck Industry Safety Performance Reached Record Levels in 2009
The rate of truck-involved fatalities on U.S. highways fell to 1.17 per 100 million miles in 2009 – making that year the trucking industry’s safest since the federal government began keeping track in 1975. But American Trucking Associations represen…