Green Fleets Still Committed to CNG Even As Diesel Prices Remain Low
Green fleets today are in a market that is a far cry from a few years ago, when diesel prices were soaring and much cheaper alternative fuels, especially compressed natural gas, seemed on the verge of going mainstream.
May 2, 2016March Trailer Orders Decline 36%
U.S. trailer orders in March fell sharply year-over-year to the lowest point since July 2013, but earlier orders remain in place, analysts said.
May 2, 2016ABF Starts California Freight Surcharge
ABF Freight System has instituted a $5.92 surcharge for each shipment going to or from California because of the higher cost of doing business in the state.
May 2, 2016Execs See Logistics Technology Accelerating, Predict Capacity Crunch, Seek Better Image
ORLANDO, Fla. — Trucking executives offered sweeping views of the future of the industry to shippers, including the need for more capacity, more advocacy and the coming of autonomous operations throughout the supply chain.
May 2, 2016Congress Likely to Act in May on Funding, HOS Provision
A funding bill that would set a limit to the weekly hours of service for truckers is on deck for Senate floor consideration this month, while a House panel is expected to take up its version soon after, lawmakers and their staffs indicated.
May 2, 2016UPS Posts First Quarter Net Income Gain, Could Face $3.8 Billion Pension Charge
Parcel and logistics company UPS Inc. posted first-quarter increases in revenue and net income despite mixed economic conditions, nationally and internationally, and warned it might have to take a charge against future earnings of as much as $3.8 billion related to a pension issue.
May 2, 2016Major Logistics Firms Post Higher 1Q Profits
Quarterly earnings reports last week were divided between four logistics operators that reported improved operating results and four truckload fleets whose profits fell due to pressure on rates and minimal freight shipment growth.
May 2, 2016Wex to Integrate Fuel Data With ELDs
Fuel-card provider Wex Inc. announced that it plans to help fleets better manage purchases by combining its fuel data with telematics data from electronic logging devices.
April 29, 2016Houston Highway Project Awarded $357 Million TIFIA Loan
Transportation Secretary Anthony Foxx announced a $357 million Transportation Infrastructure Finance and Innovation Act loan from the Federal Highway Administration on May 2 that will finance the construction of four toll lanes on State Highway 288 in Houston.
April 29, 2016Caterpillar to Close Five Plants, Cut 820 Jobs
Caterpillar has announced the planned closing of five plants and the elimination of about 820 jobs as part of its ongoing restructuring in response to “tough market conditions.”
April 29, 2016