Diesel dipped 1.6 cents to $4.057 a gallon, its fourth straight decline and the fifth in six weeks, as oil hit a three-month low and gasoline also fell, the Department of Energy said Monday.
May 8, 2012Business
Wholesale Inventories Rise
Wholesale inventories rose 0.3% in March, the Commerce Department said Wednesday.
May 9, 2012BusinessEquipment
Goodyear, Cooper Tire Report Mixed 1Q Results
Goodyear Tire & Rubber Co. reported a first-quarter loss, citing refinancing charges that offset higher revenue.
May 9, 2012Business
Quality to Buy N.D. Tank Truck Company
Quality Distribution has reached an agreement to purchase Wylie Bice Trucking LLC and RM Resources LLC, in a deal worth up to $98.3 million.
May 9, 2012Business
Highway Deaths Fall to Record Low
Highway fatalities fell last year to the lowest rate per miles driven since such record-keeping began in 1921, the Associated Press reported, citing U.S. government data.
May 8, 2012BusinessEquipment
Meritor’s 2Q Profit Improves
Meritor Inc.’s fiscal second-quarter profit rose 18% on stronger performance in its truck segment.
May 8, 2012Business
Patriot’s Fiscal 2Q Income Dips
Patriot Transportation Holding’s fiscal second-quarter net income slipped to $1.64 million, or 17 cents per share, from $1.68 million, or 18 cents, a year ago.
May 8, 2012Business
Quality Posts Higher 1Q Profit
Tank truck carrier Quality Distribution’s first-quarter profit jumped on stronger energy logistics and intermodal business.
May 8, 2012Business
UPS Sets $5 Billion Share Buyback; Boosts Cash Toward TNT Purchase
UPS Inc. approved a $5 billion share buyback program and boosted the amount of cash it plans to use to buy Dutch package firm TNT Express NV.
May 7, 2012Business
Mexico Tightens Trucking Weight Rules
The Mexican government will tighten inspections and lower maximum allowed weights for freight trucks after protests over a string of fatal accidents involving double-trailer trucks, the Associated Press reported.
May 7, 2012