Diesel fuel will average $3.91 per gallon this year, the Department of Energy said, boosting its most recent estimate by 6 cents.
February 7, 2012BusinessTechnology
Xata Reports Wider Fiscal 1Q Loss
Xata Corp. on Thursday reported a fiscal first quarter loss of $1.7 million, or 16 cents per share, compared to a loss of $85,000, or one cent, a year ago.
February 8, 2012BusinessFuelGovernment
Forward Air’s 4Q Income Rises
Forward Air Corp. said late Tuesday its fourth-quarter net income rose to $14.4 million, or 50 cents per share, from $11.8 million, or 41 cents, a year earlier.
February 8, 2012Business
House Bill Would Prevent Public Transit Use of Highway Trust Fund Revenue
The five-year, $260-billion surface transportation bill moving through the House of Representatives would prevent any federal Highway Trust Fund money from being spent on public transit.
February 7, 2012Business
Harlin Named President of U.S. Xpress
Ray Harlin has been promoted to president of U.S. Xpress Enterprises, the truckload carrier said Tuesday.
February 7, 2012BusinessLogistics
XTRA Lease to Add 9,400 Trailers, Rebuild 1,000 More
XTRA Lease said it plans to buy about 9,400 new dry van and refrigerated trailers this year and refurbish another 1,000 flatbed trailers to extend their service life.
February 7, 2012Business
USA Truck Reports 4Q Loss
USA Truck reported a fourth-quarter loss of $4.4 million, or 42 cents per share, compared with a loss of $1.8 million, or 17 cents, a year ago.
February 7, 2012Business
Penske Plans to Hire 3,500 This Year
Penske Truck Leasing and Penske Logistics plan to hire 3,500 employees in the United States and Canada this year.
February 7, 2012BusinessFuel
Diesel Rises 0.6¢ to $3.856; Gasoline Gains 4.8¢ to $3.482
Diesel rose 0.6 cent to $3.856 a gallon, its fourth increase in the past five weeks, while gasoline continued to climb at a faster rate, the Department of Energy said Monday.
February 7, 2012Business
Paccar Recalls Some Kenworth, Peterbilt Trucks Over Brake Issue
Truck maker Paccar Inc. has recalled some 2012-2013 model year Kenworth and Peterbilt trucks equipped with Bendix brake components that may leak, Bloomberg reported, citing a federal regulatory agency.
February 6, 2012