Diesel Average Falls 3.2¢ to $2.782 Per Gallon; Eighth Consecutive Weekly Drop
Diesel’s national average price declined for the eighth consecutive week, dropping 3.2 cents to $2.782 per gallon, according to a report from the Department of Energy on July 20. The average price of gasoline fell by the identical amount.
July 20, 2015Mack Lands Two Canadian Defense Contracts
The defense division of Mack Trucks has won two contracts to supply vehicles to the Canadian military.
July 20, 2015Crude Falls Below $50 for First Time Since April on Glut Concerns
Crude slumped below $50 a barrel in New York for the first time in more than three months on speculation that Iranian shipments will climb, extending a global glut.
July 20, 2015Mitch McConnell Says Bipartisan Highway Bill Could Be Announced July 21
Senate Majority Leader Mitch McConnell (R-Ky.) indicated July 20 he hopes to announce the details of a bipartisan highway funding authority plan July 21.
July 20, 2015Navistar Has New $1.04 Billion Term Loan
Navistar International Corp. said it has a new $1.04 billion senior secured term loan to give the truck maker additional financial flexibility.
July 20, 2015Radiant Logistics Announces Stock Sale
Radiant Logistics Inc. announced a public offering of 6.67 million shares at $6.75 per share.
July 20, 2015Stemco Unveils DataLogger to Test Fuel Efficiency
Stemco announced that it has created a test showing fuel-efficiency gains from using its TrailerTail technology.
July 20, 2015Michelin Offers New Single Trailer Tire
Michelin Americas Truck Tires is introducing the X One Multi Energy T wide-base single trailer tire in the 455/55R22.5 size.
July 20, 2015DHL Global Forwarding Starts US-Mexico LTL Service
DHL Global Forwarding has begun a less-than-truckload service between the United States and Mexico.
July 20, 2015Section of I-10 Closed Between Southern California, Phoenix
A main corridor of Interstate 10 between California and Arizona is closed indefinitely after heavy rains caused a bridge to collapse July 19.
July 20, 2015