Report Projects Decline of US Diesel Demand After 2015
Higher vehicle efficiencies and the growing use of compressed natural gas in heavy-duty vehicles will lead to a decline in U.S. diesel demand beginning in 2016, according to a report released Oct. 29.
Trucking Suppliers Report Higher 3Q Earnings
Several trucking industry suppliers reported higher third-quarter earnings, citing strength in North American on-highway markets.
Diesel Drops to 3½-Year-Low $3.635 a Gallon
Diesel’s national average retail price fell 2.1 cents to $3.635 a gallon, the lowest price in 3½ years, the Department of Energy reported Oct. 27.
Con-way Workers Vote Down Teamsters at Two of Three SoCal Locations
Workers at two of three Con-way Freight terminals in Southern California voted against joining the Teamsters union, while a third, in Los Angeles, voted narrowly in favor of representation, the company said.
Ryder to Lease 100 Nat-Gas Trucks to Montreal-Based C.A.T.
Quebec-based Canadian American Transportation Inc. signed a lease agreement with Ryder System Inc. for 100 compressed natural gas sleeper tractors in what Ryder said was its largest natural-gas deal to date in North America.
Con-way Freight Sets 4.7% Rate Increase
Con-way Freight said it will boost rates by an average 4.7% for noncontractual business, effective Oct. 27.
Goodyear to Begin Fleet Testing of Air Maintenance Technology
Goodyear Tire & Rubber Co. said it will begin testing its air maintenance technology for commercial vehicles on trucking fleets in the next few months.
UPS’ 3Q Income Improves
UPS Inc.’s third-quarter profit rose from a year ago and the company said it expects its December shipments to rise 11%.
Forward Air’s 3Q Income Improves
Forward Air Corp.’s third-quarter net income rose to $16.7 million, or 54 cents a share, from $14.2 million, or 46 cents, a year ago.
Hub Group’s 3Q Income Declines on Charges
Hub Group Inc. said its third-quarter income declined due to driver-settlement and software-development charges.