PMA Asks for Federal Mediation in West Coast Port Labor Dispute
West Coast port terminal operators have asked for federal mediation to break a logjam in the eight-month contract negotiations with longshoremen.
Diesel Plunges 13.8¢ to Four-Year Low $3.281
The price of diesel plunged 13.8 cents to $3.281 a gallon, the lowest level in four years, the Department of Energy reported Dec. 22.
Commercial Vehicle Demand Softens in China, ACT Reports
The pace of China’s economy tapered in the third quarter, leading to a slower rate of growth in truck demand, according to the most recent quarterly China Commercial Vehicle Outlook, published jointly by ACT Research Co. and China’s State Information Center.
Volvo’s North American Deliveries Rise 21%
Volvo Group’s North American heavy-duty truck deliveries rose 21% in November from the same month last year, the company reported.
Trailer Orders Rise 43% in November
November trailer orders rose 43% to the fourth-highest level ever, following October’s record high, to 36,000 units, ACT Research Co. reported.
Rush Honors Top Technicians at Truck-Tech Rodeo
SAN ANTONIO, Texas — The trucking industry continues to see a shortage of technicians, industry officials said here at an annual gathering and competition of technicians who work for the biggest U.S. truck dealership.
DOE Lowers Diesel-Price Forecast to $3.07
Diesel will average $3.07 a gallon next year, the Department of Energy said Dec. 9, lowering its most recent forecast by 31 cents.
Diesel Dives 7¢ to $3.535 as Oil Continues to Drop
Diesel’s pump price dove 7 cents to $3.535 a gallon, the biggest drop in two years, the Department of Energy reported Dec. 8, as oil plunged to a new five-year low near $63 a barrel.
C.H. Robinson Boosting Dividend
C.H. Robinson Worldwide will increase its regular quarterly cash dividend to 38 cents per share, from 35 cents. The increase will be payable Dec. 31 to shareholders of record as of Dec. 15.
Carriers Set Driver-Pay Increases
Several trucking companies announced driver pay increases earlier this month.