House Panel Fields Queries on Highway Bill
Members of a key House panel began hearing proposals Tuesday from members of Congress about ways to fund a six-year highway reauthorization bill without exceeding Highway Trust Fund revenues that are mostly derived from federal gas and diesel taxes.
April 5, 2011Ryder Completes Acquisition of Calif. Leasing Company
Ryder System said Tuesday it completed its acquisition of B.I.T. Leasing, a truck leasing and fleet services company based in Hayward, Calif.
April 5, 2011Diesel Rises Again, Gaining 4.4¢ to $3.976
Diesel rose for the 17th time 18 weeks, gaining 4.4 cents to a national average $3.976 per gallon, while gasoline jumped almost 9 cents, the Department of Energy said.
April 5, 2011Pacer Appoints Freight Forwarding CEO
Pacer International said it has appointed Daniel Gardner to lead its international business unit.
April 5, 2011Oil Continues Gains, Tops $108 a Barrel
Oil closed at more than $108 a barrel Monday, its highest level in 30 months, as Libyan fighting centered near a key Mediterranean oil port, Bloomberg reported.
April 4, 2011Ohio Turnpike’s 70-mph Speed Limit Takes Effect
The new 70-mile-per-hour speed limit on the Ohio Turnpike, which the state’s trucking industry opposes, has taken effect, the Associated Press reported.
April 4, 2011Gaines Appointed CFO of YRC Inc.
Phil Gaines was appointed senior vice president and chief financial officer of YRC Inc., the national less-than-truckload operating subsidiary of YRC Worldwide, the company said.
April 4, 2011Hub Group Buys Exel Transportation Services
Logistics and intermodal firm Hub Group has purchased freight broker Exel Transportation Services for about $83 million, it said Monday.
April 4, 2011Utility Trailer Chooses Grote to Supply All-LED Lighting
Utility Trailer Manufacturing Co. is switching to 100% light-emitting diode lighting on all of its refrigerated and dry van trailers and tandem- and tridem-axle flatbeds, the company said March 24.
April 4, 2011Trucking Optimism Grows
LOUISVILLE, Ky. — Activity in the U.S. truck market is accelerating as the nation’s economy grows and manufacturers ramp up production to meet growing demand, several truck maker and supplier officials said.
April 4, 2011