Port of Virginia Sets TEU Record in May
The Port of Virginia said it set a record for 20-foot-equivalent unit volume in May, eclipsing the previous record that was set in March.
Cargomatic Names Sean Whiteley COO
Cargomatic, which makes an app for trucking that matches cargo loads to available trucks — in a similar way to the Uber app that matches riders with drivers — has hired Sean Whiteley to be its new chief operating officer.
FMCSA Denies Truck Window-Tinting Application
The Federal Motor Carrier Safety Administration denied an exemption application from a group seeking to tint truck windows more than federal limits allow.
Spot Truckload Rates Rise on Tight Capacity, DAT Reports
Available spot truckload market loads jumped 36% last week while capacity increased just 5.5%, helping to push spot rates higher, DAT Solutions reported.
DOE Holds 2015 Diesel-Price Forecast at $2.88
The Department of Energy held its 2015 forecast for U.S. diesel prices at $2.88 a gallon but lowered its 2016 projection by 9 cents to $3.03.
Diesel National Average Drops 2.5¢ to $2.884 in Second Straight Decline
Diesel fuel’s national average price fell for a second consecutive week, sliding 2.5 cents to $2.884 a gallon, the Department of Energy said June 8.
Trucking Adds 8,600 Jobs in May; US Payrolls Rise by 280,000
Trucking added 8,600 jobs in May, up substantially from April, and U.S. employers added 280,000 workers to payrolls, the Labor Department reported June 5.
Volvo Sells Remaining Stake in India’s Eicher Motors
Volvo Group said June 4 it sold its remaining holdings in the Indian automotive and truck manufacturer Eicher Motors Ltd.
FedEx Retires 15 Cargo Planes, Takes $246 Million Charge
FedEx Corp. said it has retired 15 aircraft and 21 engines and that it recorded a non-cash impairment charge of $246 million in May.
Diesel Price Dips a Half-Cent to $2.909 in First Decline in Seven Weeks
Diesel’s average price dipped a half-cent to $2.909 a gallon, the first downturn in seven weeks, the Department of Energy reported June 1.