Diesel Slips Below $4 Per Gallon as U.S. Crude Inventories Soar
The average price of a gallon of U.S. retail diesel slipped below $4 last week for the first time in two months, the Department of Energy reported, as the nation’s crude oil supplies soared to levels not seen in decades.
April 8, 2013Trucking Loses 6,900 Jobs in March; Unemployment Rate Dips to 7.6%
The trucking industry shed 6,900 jobs in March as overall U.S. payrolls rose by 88,000, and the unemployment rate dipped to 7.6%, the Labor Department said Friday.
April 5, 2013Intermodal Traffic Reaches Record for Month of March
U.S. rail intermodal traffic fell 3.8% last week but posted the highest volume for the month of March on record, the Association of American Railroads said.
April 5, 2013Trade Deficit Narrows on Drop in Oil Imports
The U.S. trade deficit shrank by 3.4% in February, as demand for imported crude oil fell, the Commerce Department said Friday.
April 5, 2013Hino Trucks Appoints New President
Hino Motor Sales USA, Novi, Mich., said it has appointed Yoshinori Noguchi its new president, effective this week.
April 5, 2013Ceva Group’s 2012 Earnings Slip
Ceva Group, an international logistics service company based in the Netherlands, said its profit, excluding one-time items and other costs, fell 22% in 2012, hurt by customers’ shift of freight to less-expensive ocean shipping.
April 5, 2013Senate Committee to Hold Nat-Gas Hearings Next Month
A key Senate committee plans to hold three hearings on natural gas next month, including its use as a transportation fuel.
April 4, 2013Vitran Names Deluce Interim CEO as Gaetz Departs
Vitran Corp. said Thursday that Rick Gaetz has resigned as the company’s president and CEO, effective immediately, and that its board has appointed Bill Deluce interim president and CEO.
April 4, 2013Lineage Logistics Acquires Seattle Cold Storage
Lineage Logistics said it has acquired Seattle Cold Storage and its facilities at Algona, Wash., and the Port of Tacoma, Wash. Terms were not disclosed.
April 4, 2013Oil Falls Below $93 a Barrel
Oil fell for a second day, dropping below $93 a barrel Thursday following a report that showed more Americans filed for unemployment benefits last week, Bloomberg News reported.
April 4, 2013