Diesel Rises 1.7¢ to $3.96 in Fourth Straight Gain
Diesel fuel rose for a fourth week, gaining 1.7 cents to $3.96 a gallon, while gasoline rose for the eighth time in nine weeks, the Department of Energy said.
February 22, 2012Existing Home Sales Rise to Highest Level Since May
Existing home sales rose for a fourth straight month in January, reaching the highest level since May, the National Association of Realtors said Wednesday.
February 22, 2012Bolt Express Acquires Strike Logistics
Air and ground expedited services provider Bolt Express LLC said it has completed the acquisition of third-party services provider Strike Logistics.
February 22, 2012Dana’s 4Q, Full-Year Earnings Improve
Component maker Dana Holding Corp. said its fourth-quarter and full-year income both improved, on higher vehicle production and acquisitions.
February 21, 2012Oil Shoots Past $105 a Barrel
Oil closed at a nine-month high over $105 a barrel on Tuesday, after finishing every trading day last week over $100, Bloomberg reported.
February 21, 2012Maryland Gov. Wants to Apply 6% Sales Tax to All Fuel Purchases
Maryland Gov. Martin O’Malley (D) has sent the legislature his proposal for imposing the state’s 6% sales tax on all motor fuel purchases — a plan that based on today’s prices could add nearly $40 in taxes every time a trucker fills up.
February 21, 2012Cummins Adding 12-Liter Natural Gas Engine
Engine maker Cummins Inc. said its 50-50 joint venture with Westport Innovations has introduced a 12-liter version of its natural gas engine.
February 21, 2012Expeditors’ 4Q Earnings Slip
Logistics firm Expeditors International of Washington said Tuesday its fourth-quarter profit slipped 4%, citing “irregular demand” in the quarter.
February 21, 2012iTECH: Smart Phone Apps for Trucking
There were almost 20 times as many transportation applications available for mobile devices in 2011 as there were the year before, technology experts said.
February 21, 2012FMCSA to Conduct Research on Possible EOBR Harassment
The Federal Motor Carrier Safety Administration said last week it will conduct research surveys of motor carriers, truckers and technology vendors in an attempt to meet a court requirement that electronic onboard recorders are not used to harass truck drivers.
February 21, 2012