July import cargo volume at the nation’s major container ports will be about 16% higher than same month last year, according to a National Retail Federation report.
July 16, 2010BusinessFuel
EPA Seeks More Biodiesel Use by Nation’s Truck Fleet in 2011
The Environmental Protection Agency announced last week it wants the U.S. trucking industry to increase its use of biodiesel to 800 million gallons in 2011 from 650 million gallons this year.
July 19, 2010Business
June Class 8 Truck Sales Rise 11%
Retail sales of heavy-duty trucks in the United States climbed for a sixth straight month, rising 11.1% in June from year-ago levels, and are now up by 13.3% for the year to date, according to WardsAuto.com.
July 19, 2010BusinessFuel
Massachusetts Suspends 2% Biodiesel Mandate
Massachusetts has indefinitely suspended a mandate that was to take effect July 1 requiring all diesel fuel and heating oil sold there to be 2% biodiesel.
July 19, 2010BusinessFuel
Diesel Dips 2.1¢ to $2.903, Its Lowest Level in 19 Weeks
U.S. retail fuel prices continued their midsummer slide last week, as the average cost of a gallon of diesel dipped 2.1 cents to $2.903, and gasoline slipped 0.8 cent to $2.718, the Department of Energy reported.
July 19, 2010BusinessLogistics
Greatwide Signs Contract With Coated Paper Maker
Greatwide Logistics Services said it has signed a contract with NewPage Corp., the nation’s largest maker of coated paper, for dedicated shipments in Wisconsin.
July 16, 2010Business
Daimler Expects $2.71 Billion 2Q Profit
Daimler AG said Friday it expects to announce a second-quarter profit of 2.1 billion euros ($2.71 billion), due in part to improved results in its truck business.
July 16, 2010Business
J.B. Hunt’s 2Q Earnings More Than Double
J.B. Hunt Transport Services said its second-quarter profit more than doubled on higher freight and a stronger economy.
July 16, 2010BusinessLogistics
Express-1 Names New Concert Group CEO
Express-1 Expedited Solutions has named Dan Para chief executive officer of Concert Group Logistics.
July 16, 2010BusinessGovernment
Consumer Confidence Hits One-Year Low
A month after hitting the highest level in two years, consumer confidence reached a one-year low, according to the latest Reuters/University of Michigan monthly consumer sentiment index released Friday.
July 16, 2010