Smaller Fleets Seeking Buyers as Strategy to Avoid Bankruptcy
Behind this year’s surge in trucking company failures, brought on largely by the double-whammy of slow freight and skyrocketing fuel prices, is another ominous trend: a sharp increase in the number of motor carriers asking larger competitors to buy them out.
July 21, 2008Diesel Rises 3.7¢ to Record $4.764; Crude Drops
The U.S. retail diesel average rose 3.7 cents last week to another record, $4.764 a gallon, the Department of Energy reported, while the price of crude oil posted its largest single-day drop in 17 years on July 15.
July 21, 2008Letters to the Editor: Speed Limiters, Freeway Trucks, Trucker Finances, Fuel Costs
I believe it would be appropriate to have a new regulation limiting the speed of vehicles on the highway. The speed at which some truckers are driving today is stupid, and some people should go to jail for that.
July 15, 2008Diesel Hits New Record, Rising 3.7¢ to $4.764
The national average pump price of diesel fuel rose 3.7 cents to a record $4.764 a gallon, the Department of Energy said.
July 15, 2008Producer Price Index Jumps 1.8%
Prices paid to U.S. producers jumped 1.8% in June, led by surging fuel costs, the Labor Department said Tuesday.
July 15, 2008Opinion: Truck Crashes Happen — Be Ready
Despite fuel prices zooming toward the outer edge of our galaxy, ours is a nation of crowded highways and busy people who don’t like trucks getting in their way.
July 14, 2008Used Trailer Prices Plummet as Fleets Delay Replacements
Thousands of used trailers are sitting unsold and gathering dust, as freight demand remains tepid and carriers that would typically up-grade their fleets are postponing purchases, spending their money on fuel instead, according to industry experts.
July 14, 2008Diesel Increases to $4.727 a Gallon
The average retail price of diesel jumped 8.2 cents to $4.727 a gallon last week, more than wiping out the entire 7.8-cent drop in the price of trucking’s main fuel over the previous five weeks, the Department of Energy reported July 7.
July 14, 2008ATA Asks Lawmakers to Take Steps to Lower Fuel Prices
American Trucking Associations asked Congress to implement a comprehensive plan to address the soaring price of diesel fuel and ensures an affordable fuel supply for the nation’s 3.5 million truck drivers.
July 11, 2008Oil Tops $147 a Barrel; Closes Week Over $145
Crude oil reached a record Friday, jumping $5 to top $147 a barrel for the first time, before retreating to finish the trading week at just over $145, the Associated Press reported.
July 11, 2008