UTi Worldwide Agrees to Buyout by DSV Group for $1.35 Billion
UTi Worldwide, a U.S.-based air and ocean freight forwarder that has been struggling to reverse a downward trend in revenue and profits, has agreed to a buyout by Danish freight forwarder and transportation firm DSV Group for $1.35 billion.
October 19, 2015Diesel Jumps 6.4¢ to $2.556;Gasoline Rises 1.9¢ to $2.337
The average price of diesel fuel in the United States rose 6.4 cents a gallon to $2.556, the largest increase in more than two years, the Department of Energy reported.
October 19, 2015America's Highways Come Alive as Cheap Gas, Job Growth Spur Driving
Americans are increasingly taking to the highways and byways as lower gasoline prices and rising employment spur a “road trip recovery,” according to Nicholas Colas, chief market strategist at Convergex.
October 15, 2015National Diesel Average Price Rises by Most in More Than Two Years
The average price of diesel fuel in the United States rose 6.4 cents a gallon to $2.556, the largest increase in more than two years, the Department of Energy reported Oct. 13.
October 13, 2015GHG Comments Reflect Divide on Timeline of Phase 2 Proposal
With the comment period now closed on the federal greenhouse-gas proposal to limit emissions from trucks, battle lines are drawn between vehicle owners and manufacturers who want fuel-efficient and well-tested trucks and environmental activists seeking the toughest standards as soon as possible.
October 12, 2015California Pushes EPA to Lower NOx Limit as Part of GHG Rule for Heavy Trucks
California environmental regulators said they plan to begin development of tougher nitrogen oxide standards for heavy trucks, possibly as early as 2017.
October 12, 2015Magtec to Offer Software Integration With Telematics Providers
Magtec Products Inc. announced that it has formed a new venture to integrate its anti-theft and driver-management software with major global telematics providers.
October 8, 2015National Diesel Average Rises 1.6¢ to $2.492 a Gallon
The average price of diesel fuel in the United States rose 1.6 cents a gallon to $2.492, the Department of Energy reported Oct. 5.
October 5, 2015MiX Telematics Wins Fleet-Management Contract with Halliburton
MiX Telematics said it has entered into a multiyear agreement with Halliburton Co. to provide fleet management, safety and compliance services for the Houston-based energy service firm’s fleet of more than 15,000 vehicles.
October 5, 2015ATRI Says Total Fleet Costs Rise; Wages, Equipment Up, Fuel Dips
Motor carrier operating costs rose 1.6% to $1.703 per mile last year, as higher costs for new equipment, driver wages and maintenance wiped out savings from lower fuel prices, the American Transportation Research Institute reported.
October 5, 2015