Volvo Financial Services Appoints Marcio Pedroso President of Americas Region
Volvo Financial Services appointed Marcio Pedroso president of its Americas region, succeeding Leo Hawkes, who retired after 13 years with VFS, the company announced April 16.
CSX Reports 11% 1Q Earnings Increase
CSX Corp. reported first-quarter earnings rose 11% from a year ago, while Norfolk Southern Corp. said its first-quarter profit will be down about 15% from the first quarter of 2014.
Diesel Falls 3¢ to $2.754; Price Is Lowest Since 2009
Diesel’s national average price fell to the lowest level since 2009, dropping 3 cents to $2.754 a gallon, the Department of Energy reported April 13.
GE to Sell GE Capital Assets
General Electric Co. said it will sell most of its GE Capital assets in the next two years and focus on its traditional industrial and manufacturing businesses.
Trucking Size & Weight Guide Available from Xtra Lease
Xtra Lease said its 2015 Size & Weight Guide, which contains state-by-state listings of size and weight regulations, is available to fleets for free download.
DOE Lowers 2015 Diesel-Price Forecast 3¢ to $2.86
The Department of Energy lowered its 2015 forecast for diesel prices by 3 cents to $2.86 a gallon and said it will average $2.77 for the six months through September.
Diesel Average Falls Another 4¢, to $2.784 a Gallon
Diesel’s national average price fell 4 cents for a second straight week, to $2.784 a gallon, while gasoline took its biggest drop since January, the Department of Energy reported April 6.
USA Truck CEO John Simone Takes Medical Leave
USA Truck CEO John Simone, 53, is taking a medical leave “to address issues relating to a serious medical condition," the truckload carrier said April 6.
UPS to Build 15 CNG Stations, Deploy 1,400 CNG Tractors and Delivery Vehicles
UPS Inc. plans to build 15 compressed natural gas fueling stations to support its purchase and deployment of 1,400 new CNG vehicles over the next year.
Raven Transport Buys 115 Peterbilt LNG Trucks
Raven Transport is expanding its natural-gas fleet with 115 Peterbilt trucks fueled by liquefied natural gas, which it will use throughout the Southeast.