Oil Prices Could Jump 50% by the End of 2016, Industry Analysts Say
Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.
February 3, 2016Service Industries Expand at Slowest Pace Since 2014
Service industries expanded in January at the slowest pace in nearly two years, raising the risk that persistent weakness in manufacturing is starting to spread to the rest of the U.S. economy.
February 3, 2016FedEx, TNT Win Brazilian Approval for Merger
FedEx's $4.8 billion takeover of TNT Express has cleared another hurdle, winning unconditional approval from authorities in Brazil, the companies said Feb. 2.
February 2, 2016New York Supreme Court Rules Tax and Decal Fee Unconstitutional
New York’s Supreme Court ruled Feb. 1 that the state’s highway-use tax and decal required of out-of-state truckers are unenforceable, awarding a victory to the Owner-Operator Independent Drivers Association in its class-action lawsuit.
February 2, 2016Ryder, USA Truck Earnings Improve in Fourth Quarter
Two large freight industry companies have reported improved fourth-quarter results, with net income rising 5% at Ryder System Inc. and 11% at USA Truck Inc.
February 2, 2016UPS Fourth-Quarter Net Income Rises to $1.41 Billion
UPS Inc. raised net income on an adjusted basis by 23% to $1.41 billion, or $1.57 per share, in the fourth quarter, drawing strength from online retailing and other package business.
February 2, 2016Peterbilt Wins Order for 1,500 Model 579 Class 8 Trucks
Peterbilt Motors Co. has received a multiyear order from TMC Transportation, for 1,500 of its Model 579 Class 8 trucks equipped with premium 80-inch sleepers.
February 2, 2016Love’s Agrees to Buy Trillium CNG
Love’s Travel Stops announced an agreement to purchase natural-gas fuel provider Trillium CNG from WEC Energy Group for an undisclosed sum to expand the buyer’s network of public access CNG facilities to 65 from 37.
February 2, 2016Cummins Improves Cleaning Interval of Diesel Particulate Filter
Cummins Inc. said it has improved its ISX15 heavy-duty engine so it can go longer between cleanings of its diesel particulate filter.
February 2, 2016Omnitracs Introduces Next-Gen Telematics Platform
DALLAS — Omnitracs has unveiled its next-generation telematics platform, which introduces voice recognition software to the company’s technology offerings while expanding wireless connectivity within the truck.
February 2, 2016