The Department of Energy said diesel will average just below $3 a gallon this year, in line with its previous forecasts, but will climb over that level in 2011.
August 10, 2010GovernmentBusinessLogisticsEquipment
Bill Would Ban Horse Transport in Double-Deck Trailers
Legislation that would ban the transportation of horses in double-decker trailers would cost the nearly 80 contractors who transport livestock to rodeos all over the U.S. more than $4 million in extra operating and equipment costs, according to estimates by the Professional Rodeo Cowboys Association.
August 10, 2010BusinessGovernmentSafety
Productivity Rate Declines in Second Quarter
U.S. workers’ productivity decreased in the second quarter, the first drop since the end of 2008, the Labor Department said Tuesday.
August 10, 2010BusinessGovernment
Wholesale Inventories Rise in June
Wholesale inventories rose 0.1% in June, while sales fell, the Commerce Department said Tuesday.
August 10, 2010GovernmentBusiness
New Mexico Mulls Closing Some Rest Areas
New Mexico is considering closng 13 of its 32 highway rest areas because of a budget shortfall.
August 10, 2010BusinessFuel
Diesel Jumps 6.3¢ to $2.991 a Gallon
Spurred by higher oil prices, diesel’s national average retail price rose for a third straight week, jumping 6.3 cents to $2.991 a gallon, its biggest increase in four months, the Department of Energy said.
August 10, 2010Business
Con-way Freight’s Carl Krites Is NTDC’s Grand Champion
COLUMBUS, Ohio — Con-way Freight driver Carl Krites was named Grand Champion at the National Truck Driving Championships Saturday, beating more than 400 truck drivers in taking the title.
August 9, 2010BusinessEquipment
Volvo Japan Unit Reportedly Expanding Diesel Engine Capacity
Japanese firm UD Trucks Corp., a unit of Volvo AB, will invest about $60 million to set up a commercial vehicle diesel engine production line near Tokyo, Bloomberg reported Monday.
August 9, 2010Business
TravelCenters Reports 2Q Profit
Truck stop chain TravelCenters of America reported a second-quarter profit Monday of $1.17 million, or 7 cents a share, compared with a loss of $15.04 million, or 90 cents, a year ago.
August 9, 2010Business
Tight Truckload Capacity May Boost Slow-Moving LTL Recovery
Second-quarter earnings reports from the less-than-truckload sector show a tepid recovery compared with truckload companies, although executives said tightening truckload supply could divert freight into LTL terminals.
August 9, 2010