Diesel’s national average pump price fell for the 13th time in the last 14 weeks, declining 17.7 cents to $3.482 a gallon, the Department of Energy said Monday.
October 21, 2008Search
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Consumer Sentiment Index Shows Record Decline
U.S. consumer confidence rose this month compared with August but was down slightly from a preliminary reading two weeks ago, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.
October 17, 2008Housing Starts Fall to 26-Year Low
New home construction fell to a 26-year low in September, the Commerce Department said Friday.
October 17, 2008Intermodal Traffic Declines for Week
Rail and intermodal traffic declined last week compared with the same week a year ago, the Association of American Railroads said.
October 17, 2008Oil Falls Below $70 a Barrel
Oil prices continued their recent downturn, falling to below $70 a barrel and marking the lowest level in more than a year as worldwide demand continued to contract in the face of economic uncertainty, news services reported.
October 17, 2008YRC Swaps Stock for Debt
Less-than-truckload carrier YRC Worldwide issued new shares of common stock and used the issue to buy back debt in an effort to save about $600,000 a year in interest payments, Bloomberg reported Friday.
October 17, 2008UPS Sets 5.9% LTL Rate Hike for 2009
UPS Inc. said Friday it has set a 5.9% rate increase for its less-than-truckload unit, UPS Freight, for 2009.
October 17, 2008Daimler to End Sterling Brand, Close Plants, Cut 3,500 Jobs
Daimler AG, citing a “fundamental change” in the heavy-duty vehicle market, will drop its Sterling Trucks brand and cut North American production capacity 20% by closing two factories, including its one-time flagship plant in Portland, Ore., the company’s top executive said last week.
October 20, 2008Class 8 Sales Rise in September, But Orders Drop Dramatically
Heavy-duty truck sales in the United States grew for the fourth straight month in September, but year-to-date results remained weak and the recent national economic chaos led to a sharp drop in new orders during September.
October 20, 2008Fleets Find Higher Costs, Uncertain Life Cycles
Six years after the first generation of Environmental Protection Agency-compliant diesel engines was introduced, fleet operators said there is little doubt the cleaner-burning engines cost more to maintain and operate.
October 20, 2008