Diesel fuel will average $2.40 a gallon this year and $2.67 next year, lower than last year’s record high level but up sharply from a previous estimate, the Department of Energy said.
June 9, 2009Fuel, Business, Government
DOE Boosts Diesel, Gas Price Projections
Business
Navistar’s 2Q Income Plunges
Navistar International Corp. said Tuesday its fiscal second-quarter income fell to $12 million, or 16 cents a share, from $211 million, or $2.88 a share, a year ago, due to what it said were historically challenging market conditions.
June 9, 2009Business, Government
Wholesale Inventories Fall for Eighth Month
Wholesale inventories fell in April for the eighth consecutive month, the Commerce Department said Tuesday.
June 9, 2009Fuel, Business, Logistics, Government
Diesel Jumps 14.6¢ to $2.498 in Fifth Straight Gain
The national average price of diesel fuel jumped 14.6 cents to $2.498 a gallon, its fifth straight gain and the biggest single-week jump in more than a year, the Department of Energy said.
June 9, 2009Business
UPS, Pilots’ Union Reach Agreement
UPS Inc. and its pilots’ union said they have reached agreement that will avoid the immediate furlough of 300 UPS pilots.
June 9, 2009Business, Government, Safety, Technology, Equipment
Opinion: Even on Foot, Trucking Is Risky Business
The overall health of the trucking industry is vital to our economy, but research shows it’s still plagued by higher death and injury rates than many other industries — and not just as the result of highway collisions. Truckers need to be as careful on foot as they are behind the wheel.
June 9, 2009Business, Government, Safety, Logistics
Canada Considering EOBR Standard
A Canadian government panel has asked the Canadian Council of Motor Transport Administrators to develop a federal standard for use of electronic onboard recorders, the Canadian Trucking Alliance said.
June 9, 2009Business, Equipment
GM to Exit Medium-Duty Truck Production
General Motors Corp. will exit its medium-duty truck business, ending production of its two models in the class by the end of July, the Associated Press reported Monday.
June 8, 2009Business, Government
Teamsters to Review YRC’s Pension Issues
The Teamsters union said it has formed a committee that will consider elements of less-than-truckload carrier YRC Worldwide’s pension plan provisions.
June 8, 2009Government, Business, Safety
Teamsters Oppose Ferro Nomination; Trucking Groups Supportive
The Teamsters union said it opposes the nomination of Anne Ferro to be the next administrator of the Federal Motor Carrier Safety Administration, but one of the main groups that has often been allied with the union on safety issues was not a signatory to its letter to the Obama administration.
June 8, 2009