Latest News Updates From Michael G. Malloy

Business, Fuel

Diesel Resumes Decline After One-Week Increase

Diesel’s national average pump price resumed its downward trend Nov. 17 after last week’s increase, slipping 1.6 cents to $3.661 a gallon, the Department of Energy reported.

November 18, 2014
Business

U.S. Oil to Build Five CNG Stations for C.A.T.

U.S. Oil will build five of its GAIN Clean Fuel compressed natural gas stations for Canadian carrier Canadian American Transportation Inc.

November 14, 2014
Business

UPS Outlines 2015 Earnings Forecast

UPS Inc. said it expects to earn $5.45 to $5.70 per share in 2015, up 10% to 15% from this year’s adjusted results, and that revenue will rise 5% to 6% over 2014.

November 13, 2014
Business

Ryder Signs CNG Agreement With Mansfield Clean Energy Partners

Ryder System said Nov. 12 it signed an agreement with Mansfield Clean Energy Partners to offer compressed natural gas to bulk fuel haulers, a segment of the transportation industry that consumes more than 500 million gallons of fuel annually.

November 12, 2014
Business, Logistics, Fuel, Government

Diesel Rises 5.4¢ in First Gain Since June

Diesel’s national average price rose for the first time since June, gaining 5.4 cents to $3.677 a gallon, the Department of Energy reported Nov. 10. Meanwhile, the national average price of gasoline fell again, by 5.2 cents to $2.941 a gallon.

November 10, 2014
Business

Cass Freight Index Improves in October, But Report Warns of ‘Turmoil’

October freight shipments rose 3.3% year-over year, slipping slightly from September, according to the latest Cass Freight Index, although it cited “turmoil†in freight markets with port congestion in key areas.

November 10, 2014
Business

Caterpillar Begins Production of New Class 8 Truck

Caterpillar Inc. announced it has begun full production of its new Class 8 CT681 vocational truck.

November 5, 2014
Business, Fuel

Diesel Drops 1.2¢ to $3.623, Gas Falls Below $3

The average price of U.S. diesel dropped 1.2 cents to $3.623 and gasoline fell below $3 a gallon, the Department of Energy reported Nov. 3, as oil slid below $80 a barrel for the first time in more than two years.

November 4, 2014
Business

Ritchie Bros. Reports Lower 3Q Income; Revenue Improves

Ritchie Bros. Auctioneers reported third-quarter net income declined from a year ago on higher expenses, as gross auction proceeds rose 12%.

November 4, 2014
Business

Oshkosh Reports Higher 4Q Profit Jumps

Oshkosh Corp. reported its fourth-quarter net income more than doubled from a year ago as gains in commercial and access equipment sales offset a decline in military truck sales.

October 31, 2014