Diesel Declines 1.9¢ to $3.894
The U.S. diesel average declined 1.9 cents to $3.894 a gallon, while the gasoline price posted its biggest downturn in nine months, the Department of Energy reported July 14.
July 21, 2014Truckload Fleets Post Gains in 2Q Despite Higher Costs
J.B. Hunt Transport Services Inc. and Marten Transport Ltd. each posted modestly higher net income and emphasized the prominence of rising driver costs and higher rates in the reports that kicked off the industry’s second-quarter earnings cycle.
July 21, 2014Volvo Trucks, Telogis to Offer Fleet Services With Factory-Installed Telematics Systems
Volvo Trucks and Telogis said they have teamed to offer integrated fleet-management services that use factory-installed telematics hardware.
July 21, 2014ATA Promotes Four to Senior Vice President
American Trucking Associations announced it has promoted four current vice presidents to the senior vice president level.
July 18, 2014FedEx Indicted in Drug-Shipment Case
The Justice Department has indicted FedEx Corp. for delivering prescription drugs and other controlled substances to illegal Internet pharmacies. FedEx denied any wrongdoing and said it would plead not guilty.
July 18, 2014Omnitracs Plans Move to Dallas in 2015
Trucking technology-supplier Omnitracs said it plans to relocate its corporate headquarters to Dallas from San Diego in early 2015.
July 18, 2014Werner Plans Chinese Company Investment
Werner Enterprises Inc. has agreed to make an equity investment in Chinese transportation firm Hercules Logistics Co. to enhance capabilities in the international market, the Omaha, Nebraska-based carrier said.
July 18, 2014Top House Republican Expects Senate to Back Trust Fund Bill
Speaker John Boehner (R-Ohio) said he thinks there will be enough senators next week who will support a 10-month Highway Trust Fund fix, legislation that easily advanced out of the House on July 15.
July 18, 2014Volvo’s Second-Quarter Profit Rises
Volvo AB’s second-quarter operating profit rose, aided by a company program designed to lower operating costs.
July 18, 2014Hub Group’s Second-Quarter Profit Rises
Hub Group Inc. said its second-quarter net income increased to $18.7 million, or 51 cents a share, from $18.6 million, or 50 cents, in the comparable period last year. Revenue rose 7% to $894 million.
July 18, 2014