Brent crude oil futures on July 23 settled at their lowest price since April, and U.S. crude fell into bear market territory and ended below $49 a barrel for the first time since late March as persistent concerns about ample supply and shaky demand offset support from the dollar's weakness.
July 23, 2015Business, Fuel
Oil Price Falls Into Bear Market Territory
Business, Logistics, Fuel, Government
Diesel Average Falls 3.2¢ to $2.782 Per Gallon; Eighth Consecutive Weekly Drop
Diesel’s national average price declined for the eighth consecutive week, dropping 3.2 cents to $2.782 per gallon, according to a report from the Department of Energy on July 20. The average price of gasoline fell by the identical amount.
July 20, 2015Business, Fuel
Crude Falls Below $50 for First Time Since April on Glut Concerns
Crude slumped below $50 a barrel in New York for the first time in more than three months on speculation that Iranian shipments will climb, extending a global glut.
July 20, 2015Government, Business, Safety, Fuel
Stemco Unveils DataLogger to Test Fuel Efficiency
Stemco announced that it has created a test showing fuel-efficiency gains from using its TrailerTail technology.
July 20, 2015Business, Fuel, Equipment
Michelin Offers New Single Trailer Tire
Michelin Americas Truck Tires is introducing the X One Multi Energy T wide-base single trailer tire in the 455/55R22.5 size.
July 20, 2015Business, Fuel
Brent Crude Holds Losses as Iranian Supply Counters Drop in US Rigs
Brent crude held losses after a third weekly decline as investors weighed the prospect of increased Iranian supplies against a drop in U.S. drilling rigs.
July 20, 2015Business, Fuel, Equipment, Safety, Government, Technology
OEMs Expand Air Disc Brake Offerings; Cost, Maintenance Concerns Slow Adoption
After years of accounting for just a single-digit share of the heavy-truck brake market, air disc brakes are enjoying double-digit growth, and suppliers are optimistically predicting the systems will capture a quarter of the foundations brake market within a few years.
July 20, 2015Business, Fuel, Government, Logistics
Marten Transport, CSX Profits Rise 5%; Lower Fuel Prices Aid Both in 2nd Qtr.
Marten Transport Ltd. and CSX Corp. last week kicked off the reporting season for second-quarter earnings with each posting 5% growth in profits.
July 20, 2015Fuel, Government, Business, Logistics
Gas Tops Diesel for First Time Since ’09 as Calif. Refinery Outages Pinch Supply
The national average price of diesel fuel fell below gasoline for the first time in almost six years after diesel dipped and soaring gas prices in California caused the fuel’s national figure to jump.
July 20, 2015Business, Fuel
EPA Suing Navistar Over 2010 Engines
The U.S. Environmental Protection Agency on July 14 filed a lawsuit against truck maker Navistar International Corp. alleging that the company in 2009 began the manufacture of 7,750 heavy-duty diesel engines it offered for sale in calendar year 2010 that did not meet emissions standards applicable to 2010 engines.
July 16, 2015