The Department of Energy bumped its forecast for 2015 diesel prices up by 2 cents to $2.88 a gallon, but lowered its 2016 forecast by 12 cents.
May 12, 2015Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Oil Retreats on Speculation Global Supply Glut to Endure
Oil dropped a third day in London May 11 amid speculation that a global oversupply will persist.
May 11, 2015Diesel Average Rises 2.4¢ to $2.878 a Gallon in Fourth Straight Increase
Diesel’s national average price rose for the fourth straight week, climbing 2.4 cents to $2.878 a gallon, the Department of Energy reported May 11.
May 11, 2015OEMs Expand Their Presence in Telematics, Will Work With Tech Vendors, DTNA Says
PRINCETON, N.J. — Original equipment manufacturers will play a larger role in the telematics market in the years ahead, but their efforts will complement the services already provided by third-party technology suppliers rather than replacing them, an OEM’s telematics director told trucking technology professionals here.
May 11, 2015Expeditors Net Income Jumps 27%
Expeditors International of Washington Inc. raised net income 27% to $107.3 million, or 55 cents per share, as business improved for air and ocean freight management services.
May 6, 2015BNSF Oil-Train Derailment Sets Tank Cars on Fire in North Dakota
A BNSF Railway train carrying crude oil derailed in North Dakota, setting several tank cars on fire and prompting the evacuation of nearby residents, U.S. and local authorities said.
May 6, 2015Trade Gap in US Swells to 6-Year High as Imports Surge
The U.S. trade deficit widened in March to the highest level in more than six years, fueled by a record surge in imports as commercial activity resumed at West Coast ports after a resolution to labor disputes.
May 5, 2015US Diesel Average Gains 4.3¢; Gas Up, Too
The U.S. average for retail diesel fuel rose for a third straight week, hitting $2.854 per gallon after a 4.3-cent jump May 4, the Department of Energy reported.
May 5, 2015US, Canada Release Harmonized Rail Safety Rules
The U.S. Department of Transportation and Transport Canada released a “harmonized” final tank car safety rule that is meant to avert all rail accidents involving crude by rail and other volatile hazardous materials.
May 1, 2015Manufacturers Draw Battle Lines Over Next Phase of GHG Rules
The question of which areas of a truck should be the focus of forthcoming federal greenhouse-gas limits was open to debate during an industry conference as representatives from vehicle and component makers made the case that any direction regulators follow could have wide-ranging effects on fleets.
May 4, 2015