Diesel declined for a second straight week, dropping 4 cents to $3.897 a gallon, while gasoline slipped for the first time in six weeks, the Department of Energy said Monday.
August 9, 2011Business, Fuel
DOE Lowers Diesel Price Forecast 3¢ to $3.83 a Gallon
The Department of Energy Tuesday lowered its diesel fuel price forecast for this year by 3 cents, to $3.83 a gallon.
August 9, 2011Business
Teamsters Ratify National Carhaul Agreement
The Teamsters union said it has ratified a national agreement covering about 4,500 U.S. automobile-hauling workers.
August 9, 2011Business
TravelCenters’ 2Q Profit Jumps
TravelCenters of America said its second-quarter earnings jumped from a year ago as fuel sales increased.
August 9, 2011Business, Fuel
Clean Energy Reports 2Q Loss; Revenue Rises 57%
Clean Energy Fuels Corp., which provides natural gas fueling for the trucking industry, reported a loss for its second quarter but said revenue rose.
August 9, 2011Business
Productivity Dips in Second Quarter
U.S. workers’ productivity slowed in the second quarter and labor costs rose, the Labor Department said Tuesday.
August 9, 2011Business
FedEx Freight Sets 6.75% Rate Increase
FedEx Freight, the less-than-truckload unit of FedEx Corp., said Monday it will implement a 6.75% general rate increase, effective Sept. 6.
August 8, 2011Business, Logistics
UniGroup Announces New Logistics Company
Transportation provider UniGroup Inc. has introduced a new logistics company, UniGroup Worldwide Logistics.
August 8, 2011Business, Technology
iTECH: Load Board Scams Bilk Fleets
Truckers and freight brokers who use freight-matching Internet load boards would do well to remember that in cyberspace, things are not always as they appear.
August 8, 2011Business, Fuel
Exxon, Shell Post Higher 2Q Profits
The world’s two largest oil companies reported multi-billion-dollar second-quarter profits, up from a year ago, on higher crude oil prices.
August 8, 2011