Diesel Resumes Decline After One-Week Increase
Diesel’s national average pump price resumed its downward trend Nov. 17 after last week’s increase, slipping 1.6 cents to $3.661 a gallon, the Department of Energy reported.
U.S. Oil to Build Five CNG Stations for C.A.T.
U.S. Oil will build five of its GAIN Clean Fuel compressed natural gas stations for Canadian carrier Canadian American Transportation Inc.
UPS Outlines 2015 Earnings Forecast
UPS Inc. said it expects to earn $5.45 to $5.70 per share in 2015, up 10% to 15% from this year’s adjusted results, and that revenue will rise 5% to 6% over 2014.
Ryder Signs CNG Agreement With Mansfield Clean Energy Partners
Ryder System said Nov. 12 it signed an agreement with Mansfield Clean Energy Partners to offer compressed natural gas to bulk fuel haulers, a segment of the transportation industry that consumes more than 500 million gallons of fuel annually.
Diesel Rises 5.4¢ in First Gain Since June
Diesel’s national average price rose for the first time since June, gaining 5.4 cents to $3.677 a gallon, the Department of Energy reported Nov. 10. Meanwhile, the national average price of gasoline fell again, by 5.2 cents to $2.941 a gallon.
Cass Freight Index Improves in October, But Report Warns of ‘Turmoil’
October freight shipments rose 3.3% year-over year, slipping slightly from September, according to the latest Cass Freight Index, although it cited “turmoil” in freight markets with port congestion in key areas.
Caterpillar Begins Production of New Class 8 Truck
Caterpillar Inc. announced it has begun full production of its new Class 8 CT681 vocational truck.
Diesel Drops 1.2¢ to $3.623, Gas Falls Below $3
The average price of U.S. diesel dropped 1.2 cents to $3.623 and gasoline fell below $3 a gallon, the Department of Energy reported Nov. 3, as oil slid below $80 a barrel for the first time in more than two years.
Ritchie Bros. Reports Lower 3Q Income; Revenue Improves
Ritchie Bros. Auctioneers reported third-quarter net income declined from a year ago on higher expenses, as gross auction proceeds rose 12%.
Oshkosh Reports Higher 4Q Profit Jumps
Oshkosh Corp. reported its fourth-quarter net income more than doubled from a year ago as gains in commercial and access equipment sales offset a decline in military truck sales.