Diesel Falls 2.1¢ to $2.544 a Gallon
The U.S. average retail price of diesel dropped 2.1 cents to $2.544 a gallon, and oil prices regained some ground lost over the past two weeks amid indications OPEC-led production cuts could be extended for six more months.
May 15, 2017Nikola Updates Customers on Pricing, Chassis Changes
Nikola Motor Co. is considering several changes related to its planned hydrogen-electric Class 8 trucks, the company told those who have made reservations and placed refundable deposits. Those changes include chassis design and leasing options.
May 15, 2017Indiana Approves 10¢ Motor Carrier Surcharge Increase
Along with increasing its diesel tax by 10 cents, Indiana recently approved a 10-cent increase to a surcharge tax for trucks.
May 14, 2017Uber Adds Trucking Brokerage Firm Amid Longhaul Push
SAN FRANCISCO — Uber Technologies Inc. hired the team behind a Chicago transportation brokerage last fall as part of an effort to break into the longhaul trucking industry.
May 12, 2017Nikola Motor Co. Outlines Progress on Hydrogen-Electric Class 8
Nikola Motor Co. is considering several changes related to its planned hydrogen-electric Class 8 trucks, the company told those who have made reservations and placed refundable deposits. Those changes include chassis design and leasing options.
May 10, 2017US Oil Output to Hit a Record in 2018
The Energy Information Administration said domestic output of crude oil will climb to a record 9.96 million barrels a day in 2018, up from 9.9 million barrels projected last month, according to the agency’s monthly Short-Term Energy Outlook released May 9.
May 9, 2017Diesel Prices Drop 1.8¢ to $2.565
The U.S. average retail price of diesel dropped 1.8 cents to $2.565 a gallon as oil prices remained below $50 a barrel for the third week amid questions about whether Saudi Arabia and Russia will cut oil production into 2018.
May 8, 2017Opinion: Network Analysis Takes on More Importance
We keep seeing signs that things are looking up for the trucking industry. Most of the relevant economic indicators are favorable for trucking. Commodities are getting stronger, oil rig counts are increasing and the housing recovery is persisting. At the same time, small businesses are feeling a greater sense of optimism, and improvements to the tax code may boost entrepreneurialism. Low unemployment rates ultimately will lead to higher wages, giving consumers more money to spend and putting more goods on trucks.
May 8, 2017XPO Quarterly Results Soar, Bolstered by LTL, Last Mile
XPO Logistics Inc. earned a profit in the first quarter of the year for the first time since 2010, rocketing past analyst expectations on the strength of its linehaul, cross-dock and pickup-and-delivery operations.
May 8, 2017Manufacturers Want Trailer GHG Rule Included in Trump Campaign to Roll Back Regulations
The Truck Trailer Manufacturers Association has expanded its offensive against the part of the federal Phase 2 greenhouse gas rule that concerns trailers by asking the U.S. Environmental Protection Agency to consider a Trump administration executive order intended to prune burdensome regulations.
May 8, 2017