Latest News Updates From Michael G. Malloy

Business

Covenant Forecasts Higher 3Q Earnings

Covenant Transportation Group Inc. said its third-quarter earnings per share will be triple what they were a year ago, excluding charges.

September 12, 2014
Business, Fuel

DOE Lowers Diesel-Price Forecast

Diesel’s national average retail price will be $3.86 a gallon this year, the Department of Energy said, lowering its most recent forecast by 2 cents.

September 10, 2014
Business

Eaton Unveils Medium-Duty Procision Transmission

MARSHALL, Mich. — Eaton Corp. unveiled a new automated transmission for Classes 6-7 medium-duty trucks that company officials said will boost fuel economy 8% to 10% over torque-converter automatics.

September 5, 2014
Business, Logistics

July Trailer Orders Increase 36.7%

New trailer orders rose 36.7% in July from a year ago, the strongest July since 2006, ACT Research reported.

August 26, 2014
Business, Fuel

Diesel Slides 1.4¢ to $3.821 in Eighth Straight Decline

Diesel’s national average price fell for the eighth straight week, dipping 1.4 cents to $3.821 a gallon, the Department of Energy reported Aug. 25.

August 25, 2014
Business, Fuel

DOE Lowers Diesel-Price Forecast

Diesel will average $3.83 a gallon in the second half of this year, slightly lower than its current pump price, the Department of Energy said Aug. 12.

August 12, 2014
Business, Fuel

Diesel, Gasoline Each Dip a Penny

The national average price of retail diesel fuel dipped 1 cent to $3.843 a gallon, the Department of Energy reported Aug. 11.

August 12, 2014
Business

Truck Orders Jump 70% to July Record

Class 8 truck orders surged 70% year-over-year to 29,900, the highest July on record, as trucking companies continued to shore up their fleets, ACT Research reported.

August 5, 2014
Business, Fuel

Diesel Dips Half-Cent to $3.853

The average price of diesel fuel in the U.S. dipped a half-cent to $3.853 a gallon, its fifth consecutive decline, the Department of Energy reported Aug. 4.

August 5, 2014
Business

Con-way’s 2Q Income Improves

Con-way Inc.’s second-quarter profit rose as its truckload, less-than-truckload and logistics operations all improved.

July 31, 2014