Trucking Bankruptcies Double; 1st-Half Capacity Loss Is 4.5%
Trucking company bankruptcies more than doubled in the second quarter, soaring 118% from last year as high fuel prices pushed 970 U.S. carriers out of business, a leading industry analyst said.
August 11, 2008Warehousing: Fleets Acquire Storage Space to Expand Role in Supply Chain
The cost advantage offered by shipping direct and avoiding paying for warehousing and inventory is dwindling, possibly forever, as the price of fuel rises. As a result, more carriers have started looking at warehousing to play a larger role in the logistics process.
August 11, 2008Diesel 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, 2008EPA Denies Texas’ Request on Alternate Fuels
The head of the Environmental Protection Agency said Thursday that the agency was denying a request by the state of Texas to cut the amount of ethanol required in U.S. gasoline supplies by 50% over the next year.
August 7, 2008Letters to the Editor: Op-Ed Responses, No to Bigger Trucks, Highway Funding, Slow-Pay Blues, Saving on Fuel
In an injury crash, a drug and alcohol test is required only if the driver receives a citation and the injury is treated immediately, away from the scene of the accident.
August 6, 2008Diesel Drops Another Dime, Falling to $4.502 a Gallon
The price of diesel fuel continued its recent decline, falling 10.1 cents to $4.502 a gallon, the lowest price in 11 weeks, the Department of Energy said Monday.
August 5, 2008Crude Oil Falls to $118 a Barrel
Oil prices continued to plunge Tuesday, falling more than $3 in early trading to $118 a barrel as a tropical storm did minimal damage in the Gulf of Mexico and speculation that slower economic growth will curb demand, Bloomberg reported.
August 5, 2008Volvo Offers Bendix Air Disc Brakes on Heavy Trucks
Volvo Trucks North America said Monday it is now offering Bendix heavy-duty air disc brakes on Volvo VN and VT model trucks.
August 4, 2008