Some Fleets Sidestep Fuel Price Escalation by Using Liquefied, Compressed Natural Gas
Bill Malone must have been one of the few people in trucking who could chuckle at the price of diesel one day this spring. It was well over $4 a gallon, but Malone was untroubled because the 18 tractors in the fleet he oversees are fueled with liquefied natural gas.
May 9, 2011Driver Seat-Belt Use Climbs Above 75% in Medium-, Heavy-Duty Commercial Trucks
Seat-belt use among drivers of medium- and heavy-duty commercial motor vehicles rose in 2010 to 78%, up from 74% last year and the fourth annual increase in a row, according to a new Federal Motor Carrier Safety Administration study.
May 9, 2011Retail Diesel Fuel Average Price Rises 2.6¢ to $4.124 per Gallon
The average retail price of U.S. diesel resumed its upward march last week, climbing 2.6 cents per gallon to $4.124 and sparking renewed attention to fuel surcharge collections.
May 9, 2011Oil Plunges Almost $17 for Week
Oil took its biggest weekly plunge in more than two years this week, falling almost $17 to near $97 a barrel, Bloomberg reported.
May 6, 2011YRC Worldwide’s 1Q Loss Declines
YRC Worldwide Friday reported a first-quarter loss of $102 million, or $2.14 per share, compared with a loss of $274 million, or $13.15 per share, a year ago.
May 6, 2011Contrans Says 1Q Income Slips; Boosts Dividend
Contrans Group said its first-quarter earnings declined, but boosted its dividend and said it saw signs of increased shipping activity.
May 6, 2011Trimac Reports First-Quarter Profit
Trimac Transportation Ltd. reported a first-quarter profit of C$9 million, or 3 Canadian cents per unit, turning around a loss of C$4.1 million, or 31 cents, a year ago.
May 6, 2011Economy Adds Jobs; Unemployment Rate Rises to 9%
The U.S. economy added 244,000 jobs in April — including 4,500 trucking jobs — but the unemployment rate rose to 9%, the Labor Department said Friday.
May 6, 2011Oil Tumbles to Below $100 a Barrel
Crude oil tumbled almost $10 to below $100 a barrel Thursday as commodities dropped the most in two years on concern that economic growth will slow, Bloomberg reported.
May 5, 2011Con-way Posts First-Quarter Profit
Con-way Inc. reported a first-quarter profit compared with a loss a year ago, as its less-than-truckload operations improved.
May 5, 2011