Ex-Pilot President Mark Hazelwood, Seven Others Indicted in Diesel Fuel Rebate Fraud
KNOXVILLE, Tenn. — Former Pilot Flying J President Mark Hazelwood was arraigned Feb. 9 on charges including conspiracy to commit wire fraud and mail fraud as well as witness tampering in a nearly three-year investigation.
February 9, 2016Obama's $98.1 Billion Budget Proposes New Per-Barrel Fee on Oil
New infrastructure projects capable of withstanding severe weather events would be funded through a new tax on oil companies, according to the Obama White House’s fiscal 2017 budget request unveiled Feb. 9.
February 9, 2016Cargo Volumes Rise to Record at Port of N.Y.-N.J.
The Port of New York and New Jersey set a record for annual cargo volumes in 2015 by more than 10%.
February 9, 2016USA Truck Names James Craig as President of Logistics and Brokerage Unit
USA Truck Inc. announced that it had appointed James Craig to the newly created position of president of strategic capacity solutions, effective Feb. 15.
February 9, 2016XPO CEO: No Strong Case For Recession
As a serial entrepreneur based in Greenwich, Connecticut, Bradley Jacobs hangs out with the big-money crowd dominated by hedge-fund and private-equity types.
February 9, 2016Minnesota Trucking Firm Bucks Trend, Finds Drivers
Despite a driver shortage in the trucking industry, Kivi Bros. Trucking in Duluth has hired 24 drivers in the past year.
February 9, 2016IEA Raises Estimate of Surplus Oil Supply on Higher OPEC Output
The global oil surplus will be bigger than previously estimated in the first half, increasing the risk of further price losses, as OPEC members Iran and Iraq bolster production while demand growth slows, according to the International Energy Agency.
February 9, 2016Job Openings in US Climb to Second-Highest Level on Record
Job openings in the United States climbed in December to the second-highest level on record, a sign demand for labor remains strong.
February 9, 2016Diesel Sets Record Low, Falling 2.3¢ to $2.008
The U.S. retail diesel average price fell for the 13th consecutive week, dropping 2.3 cents a gallon to $2.008 and setting a record low in the era of ultra-low-sulfur fuel, the Department of Energy reported.
February 8, 2016XPO Logistics Suit Claims YRC Poached Execs, Stole Trade Secrets
XPO Logistics Inc. filed suit against YRC’s Freight unit, claiming that the company poached seven management employees, including two vice presidents, and stole trade secrets around the time that XPO was completing the acquisition of Con-way Inc.
February 8, 2016