FedEx Corp. said Thursday its fiscal first-quarter profit slipped 22% from a year ago on higher fuel costs and declining demand for express shipments, and said its express unit will boost rates by a net 4.9% next year.
September 18, 2008Search
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Demand for Fuel Optimization Product Gains as Pump Prices Increase, TMW Systems Says
ORLANDO, Fla. — A fuel-optimization module acquired 12 months ago has since become a leading growth product for software vendor TMW Systems, which held its annual user conference in the heart of this resort-rich peninsula last week.
September 29, 2008Diesel Slips Under $4 a Gallon
Diesel fuel’s national average price fell 6.5 cents to $3.958 a gallon, the 10th straight weekly decline and the first time it has fallen below the $4 mark in almost six months, the Department of Energy said Sept. 22, although a surge in crude oil prices added uncertainty to the outlook.
September 29, 2008Court Ruling Green-Lights SoCal Ports’ Clean Trucks Plan
A federal appeals court Wednesday denied a motion to block a clean trucks program at the Southern California ports of Long Beach and Los Angeles, allowing the sister ports to begin implementation of the program Oct. 1, the Contra Costa (Calif.) Times newspaper reported.
September 25, 2008Port of Oakland Issuing Funds for Truck Emissions Systems
More than 1,500 truckers at the Port of Oakland, Calif., have applied for 1,000 subsidies to retrofit their trucks to reduce emissions, the San Francisco Business Times reported Monday.
September 22, 2008Alternative Fuels Use to Rise After 2010 Change, Graves Says
If you think the Environmental Protection Agency’s 2010 engine requirements will be the ultimate technological test for fleets, American Trucking Associations President Bill Graves has a message for you: There’s more to come.
September 22, 2008U.S. Lawmakers Raise Concerns on UPS-DHL Air Deal
Ohio officials told federal lawmakers they have been rebuffed in their efforts to persuade DHL to consider alternatives to its proposed agreement to have UPS Inc. carry its North American air packages, the Associated Press reported.
September 17, 2008Oil Falls Below $95 as Refineries Escape Major Damage from Hurricane Ike
Crude oil fell $7 to below $95 a barrel in early trading Monday, a seven-month low, as Gulf of Mexico refineries escaped major damage from Hurricane Ike over the weekend, Bloomberg reported Monday.
September 15, 2008Court Denies Calif. Port Stay; ATA Files Expedited Appeal
A federal judge last week denied American Trucking Associations’ request for a preliminary injunction against controversial portions of emission-reduction programs at the California ports of Los Angeles and Long Beach.
September 15, 2008Trucking Companies Face Growing Cash Crunch as Shippers Struggle to Survive Downturn
Astronomic fuel prices are only part of the economic drag on trucking these days. Add the growing length of time on accounts receivables, more customer bankruptcies and the tightening of credit by suppliers and lenders, and it’s easy to see how carriers’ cash flow has ebbed.
September 15, 2008