Massachusetts Suspends 2% Biodiesel Mandate
Massachusetts has indefinitely suspended a mandate that was to take effect July 1 requiring all diesel fuel and heating oil sold there to be 2% biodiesel.
July 19, 2010Diesel Dips 2.1¢ to $2.903, Its Lowest Level in 19 Weeks
U.S. retail fuel prices continued their midsummer slide last week, as the average cost of a gallon of diesel dipped 2.1 cents to $2.903, and gasoline slipped 0.8 cent to $2.718, the Department of Energy reported.
July 19, 2010Import Container Volume Rises at Major U.S. Ports
July import cargo volume at the nation’s major container ports will be about 16% higher than same month last year, according to a National Retail Federation report.
July 16, 2010Greatwide Signs Contract With Coated Paper Maker
Greatwide Logistics Services said it has signed a contract with NewPage Corp., the nation’s largest maker of coated paper, for dedicated shipments in Wisconsin.
July 16, 2010Daimler Expects $2.71 Billion 2Q Profit
Daimler AG said Friday it expects to announce a second-quarter profit of 2.1 billion euros ($2.71 billion), due in part to improved results in its truck business.
July 16, 2010J.B. Hunt’s 2Q Earnings More Than Double
J.B. Hunt Transport Services said its second-quarter profit more than doubled on higher freight and a stronger economy.
July 16, 2010Express-1 Names New Concert Group CEO
Express-1 Expedited Solutions has named Dan Para chief executive officer of Concert Group Logistics.
July 16, 2010Consumer Confidence Hits One-Year Low
A month after hitting the highest level in two years, consumer confidence reached a one-year low, according to the latest Reuters/University of Michigan monthly consumer sentiment index released Friday.
July 16, 2010Consumer Price Index Falls in June
The consumer price index dropped 0.1% in June, the third consecutive decline, the Labor Department said Friday.
July 16, 2010Daimler Signs Agreement with Chinese Truck Maker
Daimler AG signed an agreement with Beiqi Foton Motor Co. on Friday to set up a 6.35 billion yuan ($940 million) venture to make medium and heavy duty trucks in Beijing, as the two seek to boost sales in China, Bloomberg reported.
July 16, 2010