Higher vehicle efficiencies and the growing use of compressed natural gas in heavy-duty vehicles will lead to a decline in U.S. diesel demand beginning in 2016, according to a report released Oct. 29.
October 30, 2014Business, Fuel
Report Projects Decline of US Diesel Demand After 2015
Business, Equipment
Trucking Suppliers Report Higher 3Q Earnings
Several trucking industry suppliers reported higher third-quarter earnings, citing strength in North American on-highway markets.
October 29, 2014Business, Fuel
Diesel Drops to 3½-Year-Low $3.635 a Gallon
Diesel’s national average retail price fell 2.1 cents to $3.635 a gallon, the lowest price in 3½ years, the Department of Energy reported Oct. 27.
October 27, 2014Business
Con-way Workers Vote Down Teamsters at Two of Three SoCal Locations
Workers at two of three Con-way Freight terminals in Southern California voted against joining the Teamsters union, while a third, in Los Angeles, voted narrowly in favor of representation, the company said.
October 24, 2014Business
Ryder to Lease 100 Nat-Gas Trucks to Montreal-Based C.A.T.
Quebec-based Canadian American Transportation Inc. signed a lease agreement with Ryder System Inc. for 100 compressed natural gas sleeper tractors in what Ryder said was its largest natural-gas deal to date in North America.
October 24, 2014Business
Con-way Freight Sets 4.7% Rate Increase
Con-way Freight said it will boost rates by an average 4.7% for noncontractual business, effective Oct. 27.
October 24, 2014Business, Equipment
Goodyear to Begin Fleet Testing of Air Maintenance Technology
Goodyear Tire & Rubber Co. said it will begin testing its air maintenance technology for commercial vehicles on trucking fleets in the next few months.Â
October 24, 2014Business
UPS’ 3Q Income Improves
UPS Inc.’s third-quarter profit rose from a year ago and the company said it expects its December shipments to rise 11%.
October 24, 2014Business, Logistics
Forward Air’s 3Q Income Improves
Forward Air Corp.’s third-quarter net income rose to $16.7 million, or 54 cents a share, from $14.2 million, or 46 cents, a year ago.
October 24, 2014Business, Logistics
Hub Group’s 3Q Income Declines on Charges
Hub Group Inc. said its third-quarter income declined due to driver-settlement and software-development charges.
October 24, 2014