Transportation and third-party logistics firm Pacer International said Daniel Avramovich will become its new chief executive officer, effective close of business Tuesday.
December 15, 2009GovernmentBusinessFuel
Senate Must Extend Biodiesel Tax Credit by Dec. 31, Producers Warn
Biodiesel producers are threatening to shut down their operations if the Senate does not approve a bill that would extend the $1 per gallon biodiesel tax credit due to expire Dec. 31.
December 15, 2009BusinessFuelGovernment
Diesel Declines 2.4¢ to $2.748 a Gallon; Gas Falls 3.5¢
Diesel and gasoline prices both fell Monday as crude oil held near a two-month low, with diesel falling 2.4 cents to $2.748 a gallon and gas declining 3.5 cents to $2.599, the Department of Energy said.
December 15, 2009Business
Industrial Production Rises 0.8%
Industrial production increased 0.8% in November, the Federal Reserve said Tuesday.
December 15, 2009BusinessGovernment
New York Manufacturing Index Slips in December
Manufacturing activity in the New York region slowed its rate of growth in December, the Federal Reserve Bank of New York said Tuesday.
December 15, 2009BusinessGovernment
Producer Price Index Climbs 1.8% in November
Prices paid to U.S. producers rose 1.8% in November, the Labor Department said Tuesday.
December 15, 2009GovernmentBusinessFuelLogistics
SoCal Ports to Face New Year with Fewer Trucks
Beginning Jan. 1, officials at the Southern California sister ports of Los Angeles and Long Beach will face yet another challenge as they begin the second phase of their clean trucks plans: fewer trucks.
December 15, 2009GovernmentBusiness
Hefty Toll Increases Proposed For SF Bay Bridges
A proposed toll increase for the seven state-owned bridges that crisscross the San Francisco Bay could double the cost for trucks.
December 14, 2009BusinessFuel
CVG to Close Cab Assembly Plant
Commercial vehicle Group said it will close its Norwalk, Ohio, truck cab plant due to Navistar Inc.'s decision to assemble cabs for its own trucks.
December 14, 2009Business
Report Sees Slow Trucking, Freight Recovery in 2010
The U.S. trucking and rail freight industries are expected to record modest volume improvements in 2010, according to an analysts’ report released Monday.
December 14, 2009