The Energy Department said diesel fuel will average $2.26 a gallon this year, down 4 cents from a previous forecast and well below the $3.80 average of last year.
May 13, 2009Fuel, Business
Diesel to Average $2.26 This Year, DOE Says
Business
Tank Truck Operators Urged to Prepare for Future Freight Demand
SAN DIEGO — The nation’s tank truck operators meeting here were encouraged to take advantage of the current economic downturn to prepare for the future, when increasing freight demand will put great stresses on the fleets that survive the harsh times.
May 12, 2009Business
Intermodal Traffic Sees Record Quarterly Drops
Intermodal international container volume fell 22.7% in the first quarter, the eighth straight quarterly decline, the Intermodal Association of North America reported.
May 12, 2009Business, Fuel, Safety, Equipment, Government
Executive Cites Factors Affecting Trucking, Class 8 Sales
SAN DIEGO — A “perfect storm” of a weak economy, high fuel prices and governmental missteps have led to a 70% drop in new-truck sales in North America, according to Jim Hebe, senior vice president of North American sales for Navistar.
May 12, 2009Fuel, Business, Logistics, Government
Diesel Rises 3.2¢ to $2.216; Gas Leaps 16.2¢ to $2.24
The national average price of diesel fuel rose for the first time in a month, climbing 3.1 cents to $2.216 a gallon, while gasoline pushed past diesel for the first time in almost two years, the Energy Department said.
May 12, 2009Business
TravelCenters Reports First-Quarter Loss
Truck stop chain TravelCenters of America said it lost $18 million, or $1.08 per share, in the first quarter, compared with a loss of $48.5 million, or $3.34, a year ago.
May 12, 2009Business, Logistics
Obama’s NHTSA Pick Withdraws
Chuck Hurley, who President Obama had intended to nominate to head the National Highway Traffic Safety Administration, has withdrawn from the nomination process, the Associated Press reported.
May 12, 2009Business, Safety, Technology, Equipment
Penske Truck Leasing Hires CEI Group
Penske Truck Leasing Co. has retained accident management firm CEI Group to expand its capabilities for dealing with collision and claims repairs at its 16 North American collision repair centers, Penske said May 4.
May 12, 2009Business
DHS Ending Trucking Security Program
The Department of ϳԹland Security has proposed ending funding of a trucking security program, a DHS official said.
May 11, 2009Business, Safety, Government
Swine Flu May Complicate Mexican Truck Plan, LaHood Says
Efforts to stop the spread of swine flu in the United States and Mexico have delayed resolution of a plan to allow Mexican trucks to deliver goods across the U.S., Transportation Secretary Ray LaHood said Monday, Bloomberg reported.
May 11, 2009