Diesel fuel, which will average just over $4 a gallon in the current quarter, will decline to a $3.84 average at the pump next year, the Department of Energy said Tuesday.
December 11, 2012BusinessFuel
I-77 Reopened in W.Va. Following Nat-Gas Explosion
Interstate 77 north of Charleston, W.Va., was reopened Wednesday morning following a huge natural-gas explosion on Tuesday afternoon, the Charleston Gazette reported.
December 12, 2012Business
Import Prices Drop for First Time in Four Months
The price of goods imported to the United States fell in November for the first time in four months, the Labor Department said Wednesday.
December 12, 2012BusinessEquipment
Cummins Sets $1 Billion Stock Repurchase
Cummins Inc. said it will repurchase up to $1 billion in shares of its common stock.
December 12, 2012Business
Driver Turnover Dips but Remains Over 100% in Third Quarter, ATA Says
The driver turnover rate at large truckload carriers dipped 2% in the third quarter but held over 100%, while churn at smaller carriers rose to a five-year high, American Trucking Associations said Tuesday.
December 11, 2012GovernmentBusiness
ATA Brief Rebuffs Solicitor General on L.A. Port Case
The legal argument cited by the U.S. Solicitor General opposing a U.S. Supreme Court review of the Port of Los Angeles clean trucks plan is “terribly wrong,” American Trucking Associations said in a response brief filed Monday.
December 11, 2012Business
Holiday Shipping Projected to Increase
FedEx Corp., UPS Inc. and the U.S. Postal Service are all projecting higher holiday package-shipping rates than a year ago, the Los Angeles Times reported Tuesday.
December 11, 2012Business
Wholesale Inventories Rise 0.6%
Wholesale inventories increased 0.6% in October, while sales fell 1.2%, the biggest drop since June, the Commerce Department said Tuesday.
December 11, 2012BusinessFuelGovernment
U.S. Trade Deficit Expands in October
The U.S. trade deficit increased by 4.9% in October, the Commerce Department said Tuesday.
December 11, 2012BusinessFuel
Diesel Drops 3.6¢ to Below $4; Gasoline Continues to Slide, Falling 4.5¢ to $3.349
Diesel fell 3.6 cents to $3.991 a gallon, while gasoline continued to drop, the Department of Energy said.
December 11, 2012