DOE Holds 2013 Diesel Price Forecast at $3.88
The Department of Energy held its 2013 diesel-price forecast at $3.88 per gallon and said trucking’s main fuel will average $3.77 next year.
June 12, 2013House Panel Sets Hearing on New HOS Rule
A panel of the House Transportation and Infrastructure Committee will hear next week from supporters and critics of the latest changes to the Federal Motor Carrier Safety Administration’s hours-of-service rule for truck drivers, which is set to take effect in three weeks.
June 11, 2013Port of Los Angeles to Spend $400 Million on Improvement Projects
The Los Angeles Harbor Commission said it will spend almost $400 million on improvement projects at the Port of Los Angeles.
June 11, 2013Automotive Data Firm R.L. Polk to be Acquired for $1.4 Billion
Business analysis company IHS Inc. said it will acquire automotive data firm R.L. Polk & Co. for $1.4 billion.
June 11, 2013Diesel Declines 2¢ to $3.849
Diesel dipped for a third week, sliding 2 cents to $3.849 a gallon, the largest decline since late April, the Department of Energy reported.
June 11, 2013Wholesale Inventories Rise in April
Wholesale inventories rose 0.2% in April, the Commerce Department said Tuesday.
June 11, 2013Two Truck Climbing Lanes Near Completion on I-81 in Virginia
After nearly four years of construction, two truck climbing lanes on Interstate 81 in Virginia are nearing completion. One is ahead of schedule and set to open as early as this summer, and the other is little behind schedule.
June 11, 2013Navistar Reports Second-Quarter Loss
Navistar International Corp. reported a fiscal second-quarter loss of $374 million, or $4.65 per share, for the period ended April 30. It's more than double the prior-year period loss of $172 million, or $2.50 per share, citing weak demand.
June 11, 2013Suddath Global Logistics Acquires 3PL PenserSC
Suddath Global Logistics, based in Jacksonville, Fla., said it has acquired third-party logistics company PenserSC. Terms were not disclosed.
June 11, 2013Battery Manufacturer Exide Technologies Files for Bankruptcy
Heavy-duty truck and automobile battery manufacturer Exide Technologies filed for bankruptcy after environmental regulators in California shut down one if its lead-recycling plants, Bloomberg News reported Monday.
June 10, 2013