The Department of Transportation’s freight transportation services index rose 4.3% in April from the same month last year, DOT said.
July 11, 2012BusinessFuel
T. Boone Pickens to Keynote ATA’s Natural Gas Summit
Energy executive T. Boone Pickens will be the keynote speaker at American Trucking Associations’ Natural Gas in Trucking Summit in November, ATA said Wednesday.
July 11, 2012Business
Wholesale Inventories Rise in May
Wholesale inventories rose 0.3% in May as sales dropped, the Commerce Department said.
July 11, 2012BusinessFuelGovernment
U.S. Trade Deficit Shrinks in May
The U.S. trade deficit shrank 3.8% in May as imports fell to the lowest level in three months, the Commerce Department said.
July 11, 2012BusinessEquipment
Cummins Raises Dividend, Lowers Full-Year Sales Forecast
Cummins Inc. said Tuesday it will boost its stock dividend by 25%, but cut its 2012 sales forecast, citing weaker truck orders.
July 10, 2012Business
DOE Lowers 2012 Diesel Price Forecast
Diesel fuel will average $3.79 a gallon this year, the Department of Energy said, lowering its most recent forecast by 11 cents.
July 10, 2012Business
Congestion May Add $14 Billion in Costs for Washington State’s Freight Industry
A 20% increase in traffic congestion could cause a $14 billion spike in operating costs to the state’s freight-dependent industries, the Washington State Department of Transportation said in a new report.
July 10, 2012BusinessFuel
Diesel Rises 3.5¢ to $3.683 in First Increase in Three Months; Gas Gains 5.5¢ to $3.411
Diesel rose for the first time in three months, rising 3.5 cents to $3.683 a gallon, while gasoline also increased, the Department of Energy said Monday.
July 10, 2012BusinessTechnology
TMCSuperTech 2012 Set for September
American Trucking Associations’ Technology & Maintenance Council will hold its 2012 Fall Meeting and National Technician Skills Competition Sept. 10-13 in Pittsburgh.
July 10, 2012Business
Mexico Returns PRI to Presidency
Enrique Peña Nieto won Mexico’s presidential election on July 1, returning the once-dominant Institutional Revolutionary Party to power following a 12-year hiatus.
July 10, 2012