Diesel Drops 10.1¢ to $4.50 a Gallon
The cost of retail diesel fell another 10.1 cents last week to $4.502 a gallon, the third-straight weekly decline in the national average that has cut 26.2 cents from trucking’s main fuel, the U.S. Department of Energy said.
August 11, 2008Congress to Review UPS-DHL Air Accord
A congressional panel next month plans to review a plan by UPS to DHL Americas’ air shipments, Bloomberg reported late Friday.
August 8, 2008Oil Closes Week Near $115 a Barrel
Crude oil fell $5 to its lowest level in more than three months Friday, dropping briefly below $115 a barrel before rebounding slightly, Bloomberg reported.
August 8, 2008P.A.M. Takes $1.3 Million 2Q Loss
Truckload carrier P.A.M. Transportation Services said it lost $1.3 million, or 14 cents a share, in the second quarter, compared with net income of $2.2 million, or 21 cents, a year earlier.
August 8, 2008Hino Plans Truck Factory in Mexico
Japan’s Hino Motors Ltd. will build a truck plant in Mexico to boost international sales as domestic demand wanes, Bloomberg reported Friday.
August 8, 2008Productivity Rises 2.2% in Second Quarter
Second-quarter U.S. worker productivity rose 2.2%, the Labor Department said Friday.
August 8, 2008Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic both declined for the week ended Saturday compared with a year ago, the Association of American Railroads said.
August 8, 2008Quality Reports Second-Quarter Profit
Tank truck carrier Quality Distribution said its second-quarter net income was $400,000, or 2 cents a share, down from a profit of $2.3 million, or 12 cents, a year ago.
August 7, 2008Opinion: It’s Time to Reinvent Transportation
The consolidation trend in the truck transportation industry has been in progress for several years but, over the past five years, has accelerated rapidly.
August 7, 2008Con-way Sets Multimodal Unit To Expand Truck Brokerage
Con-way, Inc. said it has formed a multimodal unit to focus on expanding truck brokerage and offer a broader range of services to its customers.
August 7, 2008