Diesel dipped 1.6 cents to $4.057 a gallon, its fourth straight decline and the fifth in six weeks, as oil hit a three-month low and gasoline also fell, the Department of Energy said Monday.
May 8, 2012BusinessEquipment
Meritor’s 2Q Profit Improves
Meritor Inc.’s fiscal second-quarter profit rose 18% on stronger performance in its truck segment.
May 8, 2012Business
Patriot’s Fiscal 2Q Income Dips
Patriot Transportation Holding’s fiscal second-quarter net income slipped to $1.64 million, or 17 cents per share, from $1.68 million, or 18 cents, a year ago.
May 8, 2012Business
Quality Posts Higher 1Q Profit
Tank truck carrier Quality Distribution’s first-quarter profit jumped on stronger energy logistics and intermodal business.
May 8, 2012Business
UPS Sets $5 Billion Share Buyback; Boosts Cash Toward TNT Purchase
UPS Inc. approved a $5 billion share buyback program and boosted the amount of cash it plans to use to buy Dutch package firm TNT Express NV.
May 7, 2012Business
Mexico Tightens Trucking Weight Rules
The Mexican government will tighten inspections and lower maximum allowed weights for freight trucks after protests over a string of fatal accidents involving double-trailer trucks, the Associated Press reported.
May 7, 2012Business
TravelCenters’ 1Q Loss Narrows
TravelCenters of America on Monday said its first-quarter loss narrowed from a year ago as fuel sales improved.
May 7, 2012BusinessFuel
Natural Gas Output Down, Prices Up, Journal Reports
Natural gas producers are scaling back output, boosting historically low prices, the Wall Street Journal reported.
May 7, 2012BusinessTechnology
Mobile Comm Systems Makers Add Upgrades
CINCINNATI — Qualcomm Inc., PeopleNet, Cadec Global and Descartes Systems Group all announced changes to in-cab mobile communications systems to give customers the ability to design custom programs and to extend data processing capabilities to tablets and other wireless devices.
May 7, 2012BusinessFuel
Gasoline Continues Lower Trend, Lundberg Survey Reports
Gasoline’s national average pump price fell 7 cents in the past two weeks to $3.85 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
May 7, 2012