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 oflast year.
May 13, 2009BusinessGovernment
Retail Sales Fall 0.4%, Commerce Says
Retail sales fell 0.4% in April, the Commerce Department said Wednesday.
May 13, 2009BusinessGovernment
Import Prices Rise 1.6% on Higher Oil
The price of goods imported to the United States rose for a second straight month in April as oil prices increased, the Labor Department said Wednesday.
May 13, 2009BusinessSafetyGovernmentLogistics
ATA Recognizes National Transportation Week
American Trucking Associations said Wednesday it celebrating National Transportation Week by bringing trucking industry outreach programs to public events around the country.
May 13, 2009Business
Tank Truck Operators Urged to Prepare for Future Freight Demand
SAN DIEGO The nations 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, 2009BusinessFuelSafetyEquipmentGovernment
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, 2009FuelBusinessLogisticsGovernment
Diesel Rises 3.2瞽 to $2.216; Gas Leaps 16.2瞽 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, 2009BusinessLogistics
Obamas 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Hurley, who President Obama had intended to nominate to head the National Highway Traffic Safety Administration, has withdrawn from the nomination process, the Associated Press reported.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, 2009