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DOE Predicts Diesel to Average $2.66 a Gallon in ’07

Diesel prices will continue rising with little respite through May and will average $2.66 a gallon in 2007, which is 3 cents higher than its last forecast a month ago, the Department of Energy said in its monthly short-term energy outlook.

December 13, 2006

TNT Logistics Changes Name to Ceva Logistics

TNT Logistics, which was sold by Dutch parent TNT NV earlier this year, said Tuesday it changed its name Ceva Logistics.

December 12, 2006

DaimlerChrysler’s Renschler Sees Truck Demand Rising After ’07

DaimlerChrysler, the parent company of U.S. truck maker Freightliner, expects the U.S. truck market to improve by the end of 2007 which will allow it to reverse some impending layoffs, said Andreas Renschler, the head of the company's truck unit, Bloomberg reported Tuesday.

December 12, 2006

Diesel Average Inches Up 0.3 Cent to $2.621; Gas Dips 0.4 Cent

The national average price of diesel fuel crept up 0.3 cent to $2.621 a gallon, the Department of Energy reported Monday.

December 12, 2006

U.S. Class 8 Fleet Dips 0.6%

The number of heavy-duty trucks in use in the United States fell 0.6% in the third quarter, an indication that the expansion of hauling capacity by carriers may have peaked, according to industry analysts.

December 12, 2006

Trailer Bridge Wins Contract to Move Fords to Puerto Rico

Trailer Bridge, which provides trucking, intermodal and marine freight services, said Tuesday it won a contract from Ford Motor Co. to move all new Ford vehicles to Puerto Rico, starting early next year.

December 12, 2006

Fed Holds Interest Rate at 5.25% for Fourth Straight Time

For the fourth time in a row, the Federal Reserve on Tuesday kept the benchmark U.S. interest rate at 5.25%.

December 12, 2006

Dana Names 4 North American Plants to Be Closed

Financially troubled truck components supplier Dana Corp. Tuesday identified four of the eight North American factories it will close during the next two years as it scales back to exit bankruptcy protection.

December 12, 2006

BNSF to Reintroduce Pacific Northwest-to-Memphis Service

BNSF Railway Co. said Tuesday it will reintroduce international intermodal container service from the Pacific Northwest to Memphis, Tenn., starting in January.

December 12, 2006

Highway Traffic Reached All-Time High Last Year, DOT Says

Traffic on U.S. highways climbed to an all-time high in 2005, the Department of Transportation said Monday.

December 12, 2006