The price of goods imported to the United States rose 2.2% in April, led by increases in fuel and food, the Labor Department said Tuesday.
May 10, 2011Business, Fuel
Diesel Drops 2¢ to $4.104 a Gallon; Gasoline Edges up 0.2¢ to $3.965
Diesel fell 2 cents to $4.104 a gallon, its second downturn in three weeks and biggest decline in almost nine months, the Department of Energy said Monday.
May 10, 2011Business
I-40 Westbound Lanes Remain Closed in Ark. Due to Floods
The westbound lanes of Interstate 40 in eastern Arkansas remained closed for a fifth day Tuesday because of flooding in the region, though the eastbound lanes have reopened, according to the Arkansas Highway and Transportation Department.
May 10, 2011Business, Technology
ALK Previews PC Miler 25 at Tech Summit
PRINCETON, N.J. — ALK Technologies is preparing to launch version 25 of its PC Miler truck-routing software, the company said May 5 at its annual technology summit here.
May 9, 2011Business
FMCSA Reopens HOS Comment Period for Review of Four New Studies
The Federal Motor Carrier Safety Administration is reopening its hours-of-service proposed rule to public comments in order to allow review of four new studies.
May 9, 2011Business
Abrupt Capacity Shortage Threatens Trucking, Celadon’s Chief Warns Annual ALK Summit
PRINCETON, N.J. — There could be an “instantaneous capacity shortage” in the United States this year or next because of a “perfect storm” fed by an aging, shrinking truck fleet and a lack of good drivers, said Paul Will, president and chief operating officer of Celadon Group.
May 9, 2011Business, Logistics
Horizon Lines Reports $33.3 Million 1Q Loss
Horizon Lines Inc., the ocean carrier that provides service between the U.S. mainland and Alaska as well as other locations, said it lost $33.3 million in the fiscal first quarter ended March 27, a loss that was nearly three times greater than the comparable 2010 period.
May 9, 2011Business
April Truck Orders Surge
Orders for new Class 8 trucks in North America shot up dramatically in April to around 38,000, about 160% higher than the year-ago level, lengthening delivery schedules, according to industry officials.
May 9, 2011Business, Equipment
Used Class 8 Prices Rise as Inventory Tightens
The average price of used Class 8 trucks rose again in March, increasing 6% from February, and buyers accepted higher-mileage vehicles as well, according to ACT Research Co. and retail dealers.
May 9, 2011Business, Fuel
Gasoline Hits $4 National Average, Lundberg Survey Says
Gasoline’s national average has reached $4 a gallon, about a dime below its all-time high, according to the latest Lundberg Survey of filling stations released Sunday.
May 9, 2011