Clean Energy, Agility Set Joint Natural Gas Sales Program
Clean Energy Fuels Corp. and Agility Fuel Systems, which designs and produces natural-gas fuel storage and delivery systems, announced a joint fuel-system sales program to reduce the incremental cost of heavy-duty natural-gas trucks.
Daimler, Volvo Boost 2015 North American Truck Outlook
Truck manufacturers Daimler AG and Volvo Group both reported higher truck orders and sales for the fourth quarter, and both predicted a stronger North American market for 2015.
Truck Orders Rise 2.4% in January; Ease Back From Record Highs
Class 8 truck orders rose 2.4% in January to 35,400, slowing from the torrid fourth-quarter pace in which they averaged over 43,000, ACT Research reported.
Michael Jackson Retiring as Western Star GM
Michael Jackson, general manager of Western Star Truck Sales, will retire at the end of March, parent company Daimler Trucks North America announced Feb. 3. He will be succeeded by Kelley Platt.
Diesel Drops 3.5¢ to $2.831; Gas Gains for First Time Since September
Diesel’s national average price fell 3.5 cents to $2.831 a gallon, a new five-year low, while gasoline rose for the first time since September, the Department of Energy reported Feb. 2.
Volvo Launches VAH 630 Autohauler Model
Volvo Trucks introduced the Volvo VAH 630, a premium sleeper version for longhaul auto-hauling operations.
FedEx Completes Genco Acquisition
FedEx Corp. has completed its acquisition of Genco Distribution System Inc., which it described as one of the largest third-party logistics providers in North America.
Cargomatic Raises $8 Million in Additional Funding
A California company that matches local loads with trucks via an app has received $8 million in additional funding from investors, including several in the trucking industry, it announced Jan. 29.
‘Hot Fuel’ Cases Move Toward Final Settlement
A federal court has scheduled a June 9 hearing to give potential final approval for a series of lawsuits in a long-running “hot fuel” case, after giving preliminary approval to settlements with 28 oil and fuel retailers.
Diesel Drops 6.7¢ to $2.866 a Gallon
Diesel’s average pump price fell 6.7 cents to $2.866 a gallon, continuing its seven-month downward trend, the Department of Energy reported.