Economy

Peterbilt wraps up 75th anniversary tour preview image Erb Peterbilt

Peterbilt wraps up 75th anniversary tour

DENTON, TX - Peterbilt's eight month 75th anniversary tour wrapped up recently, after 100 events that attracted nearly 20,000 attendees. "Our customers and brand enthusiasts wholly embraced our anniversary celebration and we thank them for their yearlong support," said Darrin Siver, Peterbilt general manager and Paccar vice president. "The anniversary tour provided a great opportunity to reflect on Peterbilt's storied history and the many future milestones we will together achieve." The centerpiece of the tour was a custom-built, double-expandable, 53-foot trailer with Peterbilt memorabilia, interactive displays, a history wall display, a Paccar MX-13 engine and cab and sleeper cutaways of Peterbilt's new Models 579 and 567.

Biodiesel output slumps in 2014 preview image Biodiesel output slumps in 2014 article image

Biodiesel output slumps in 2014

WASHINGTON, D.C. - The U.S. biodiesel market shrunk in 2014 amid policy uncertainty in Washington that destabilized the industry and caused many biodiesel plants to shut down or reduce production. According to the Environmental Protection Agency, total U.S. biodiesel consumption fell to 1.75 billion gallons for the year, down slightly from nearly 1.8 billion gallons in 2013. The downturn came as the Obama Administration failed to finalize biodiesel volumes under the Renewable Fuel Standard (RFS) and the U.S. Congress allowed the biodiesel tax incentive to lapse at the beginning of 2014. "These numbers reflect the consequences of policy inaction," said Joe Jobe, CEO of the National Biodiesel Board (NBB), the industry trade association.