The national average price of diesel fuel fell for a second straight week, dipping 1.5 cents to $4.692 a gallon, while gasoline rose above $4 for the first time, the Department of Energy said Monday.
June 10, 2008Search
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Fed Cites Economic Weakness, Trucking’s Concerns Over Fuel Prices
U.S. economic activity remained generally weak in late April and May, and some trucking companies reported having difficulty passing on high fuel costs to their customers, the Federal Reserve said Wednesday.
June 11, 2008
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Midwest Floods Damage Roads, Bridges
Heavy rains led to severe flooding in several Midwest states this week, taking out some major roads and rail bridges and causing millions of dollars in damages, news services reported.
June 11, 2008IEA Lowers Oil Demand Forecast; European Truckers Step Up Protests
The International Energy Agency lowered its forecast for global oil demand this year, while thousands of European truckers protested high fuel prices, the Associated Press reported Tuesday.
June 10, 2008Trucking Consolidation Seen Benefiting Surviving Firms
Soaring fuel prices have driven trucking bankruptcies up 143% over the same time last year, and industry analysts said the market may need to consolidate more before it improves for those companies that survive, the Associated Press reported.
June 10, 2008U.S. Trade Deficit Jumps 7.8% on Energy Costs
The U.S. trade deficit grew 7.8% in April to the highest level in more than a year, on surging energy costs, the Commerce Department said Tuesday.
June 10, 2008I-5 Bridge Plan Approved in Oregon
The regional government of the Portland, Ore., area is backing a new Interstate 5 bridge over the Columbia River, the Associated Press reported.
June 9, 2008Conn. Truck Inspections Drop 20%
Connecticut’s truck inspections fell 20% to about 18,600 in 2007, compared with a year earlier, the Hartford Courant reported.
June 9, 2008OEMs Avoid Price Cuts Despite Truck Sales Slump
Heavy-truck manufacturers have refrained from cutting prices or offering large rebates and other significant incentives, partly because their sales overseas are strong and help offset a second straight year of falling domestic sales, analysts and dealers said.
June 9, 2008Diesel Price Dips 1.6¢ to $4.707 a Gallon
The U.S. average diesel price took a break last week from its dizzying climb, dipping 1.6 cents a gallon to $4.707, the Department of Energy reported.
June 9, 2008